The Tax Attic with Jerry Coon — March 18, 2010

Prayer never hurts, on the course or in the office   I attend church services at Rockford Reformed Church. My minister is Reverend Richard (Rick) Tigchon. I like Rick. His sermons are Bible-based, understandable, and very down to earth. He also likes fishing, which just happens to be one of the sports that I enjoy. […]

The Tax Attic with Jerry Coon — March 11, 2010

Five steps to financial security The income tax business is one of eternal learning. If it’s possible to keep your brain young by always learning, tax professionals’ brains should never get old—tired, maybe, but not old. Tax laws change constantly, both at the federal level and at the Michigan level. We get e-mail newsletters from […]

The Tax Attic with Jerry Coon — March 4, 2010

  Taxable Social Security income There are few items on a tax return that are more confusing or more difficult to explain to taxpayers than that of taxable Social Security. Prior to the late 1980s, Social Security was not taxable. Tax-free income is the best deaa still too good of a deal, because the law […]

The Tax Attic with Jerry Coon — February 25, 2010

Non-taxable fringe benefit disappearing   A non-taxable fringe benefit that appears to be disappearing is the employer-provided vehicle. This type of fringe benefit is called a Working Condition Fringe. It is non-taxable to the employee, because the expense is a deductible business expense whether the employee or the employer is paying for the auto. For […]

The Tax Attic with Jerry Coon — February 18, 2010

Healthcare providers declare profits, increase rates You wonder what the thought process is sometimes when you read a headline like we read last week. One of the largest health insurers in California, Anthem Blue Cross, a subsidiary of Indianapolis’ Wellpoint Inc., declared record profits on one hand and then on the other hand announced it […]