THE TAX ATTIC with Jerry Coon — January 21, 2010

How to choose a tax preparer The big news last week was that the Internal Revenue Service was going to start regulating currently “unregulated” tax preparers. “Unregulated” tax preparers are defined as all tax preparers that are not enrolled agents (EAs), certified public accountants (CPAs), or attorneys. Those three classes of preparers are allowed to […]

The Tax Attic with Jerry Coon — January 14, 2010

My intent this week was to continue writing on what a taxpayer should do if he or she receives an incorrect W-2 or 1099. However, the Internal Revenue Service has interrupted my plans. Since the first day I entered the tax business in 1978, the IRS has, off and on, announced plans to formulate a […]

The Tax Attic with Jerry Coon — January 7, 2009

New tax season presents common situations It’s finally the beginning of the tax season. I say “finally” because those of us in the tax business have been building toward this date since September. That’s when we started going to seminars and learning how all of the new laws would interact with the tax returns we […]

The Tax Attic with Jerry Coon — December 31, 2009

  Fight for your freedom, rights A good friend of mine, Al Kraker, recently gave me a book authored by John W. Whitehead, executive director of the Rutherford Institute, entitled “Stand and Fight.” Whitehead, a constitutional attorney, founded the Rutherford Institute in 1982 with the mission of specializing in cases that involve the curtailment of […]

The Tax Attic with Jerry Coon — December 23, 2009

Issues beyond our comprehension As we near the end of the year, many taxpayers review their financial and tax situations to see if there are any steps that can be taken to reduce their tax bill. There are multitudes of ways to decrease a tax bill. Many of them I have gone over in the […]