Tax Attic

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

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 [...]

The Tax Attic with Jerry Coon — May 27, 2010

May 27, 2010 // 0 Comments

Can Social Security be Fixed? Last Thursday and Friday, I attended a tax conference in Traverse City. This spring conference is always held in a great location and is well attended. It’s always good to see fellow tax professionals after a long tax season and interesting to see how they fared through another arduous tax season. Jerry Coon, Enrolled Agent Our federal [...]

The Tax Attic with Jerry Coon — May 20, 2010

May 20, 2010 // 0 Comments

Final discussion on long-term care insurance I have a few final items to cover this week concerning long-term care insurance policies. Specifically, there are three areas I want to discuss. This week, I am using a quote Deb and I received from Genworth Life Insurance Company. Jerry Coon, Enrolled Agent First, instead of Deb and I buying individual policies, should we take [...]
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