Tax Attic

Useful tax tips and information from Jerry Coon of Action Tax Service.

The Tax Attic — by Jerry Coon — August 26, 2010

August 26, 2010 // 0 Comments

Business federal tax rules revised  The Internal Revenue Service is keeping busy this summer. In a previous article, I discussed various court cases that involved the IRS and taxpayers. Auditing taxpayers is one way the IRS keeps busy. Those audits from time to time develop into court cases. Jerry Coon, Enrolled Agent Another manner of staying busy is by revising the [...]

The Tax Attic with Jerry Coon

July 15, 2010 // 0 Comments

Regulating tax return preparers Congress and the Internal Revenue Service are both extremely interested in regulating all tax return preparers. In fact, they are downright serious. Apparently, there are return preparers out there who don’t follow the rules, don’t know the rules or don’t choose to follow the rules. Either way, it’s a problem for not only the IRS [...]

The Tax Attic with Jerry Coon — July 1, 2010

July 1, 2010 // 0 Comments

Some deductions not legitimate In today’s tax environment, where it behooves everyone to take advantage of all legitimate deductions, from time to time a program will be developed by a promoter that will look legitimate but really steps over the edge into the illegitimate. None of us has an obligation to pay more than our fair share of tax, but all of us have an [...]

The Tax Attic with Jerry Coon

June 17, 2010 // 0 Comments

How can the Social Security system be fixed?   Jerry Coon, Enrolled Agent   Why does it need to be fixed? Without some adjustments or fixes, the system will be totally bankrupt in about 2037, even though it has a two trillion dollar surplus at this moment in time. If no adjustments are made, when the system goes bankrupt, it will be run on a money-in, money-out basis. [...]

The Tax Attic — June 10, 2010

June 10, 2010 // 0 Comments

Social Security benefits to dwindle Since The Rockford Squire doesn’t have a writer covering Major League Baseball—and I love baseball—I’m obligated to comment on the Detroit Tigers’ Armando Galarraga’s brush with fame. Galarraga could have had a permanent piece of fame had Umpire Jim Joyce gone to that last eye doctor appointment. But alas and alack, Joyce [...]
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