Useful tax tips and information from Jerry Coon of Action Tax Service.
Jerry Coon, Enrolled Agent 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 plan to regulate all tax preparers. In the past [...]
Jerry Coon, Enrolled Agent 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 will be preparing in the [...]
Jerry Coon, Enrolled Agent 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 [...]
Jerry Coon, Enrolled Agent 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 past few weeks, such as paying property taxes by December 31. [...]
Jerry Coon, Enrolled Agent Issues beyond our comprehension My minister, Rick Tigchon, recently based his sermon on a Dr. Seuss book concerning going “beyond z.” The point of Rick’s sermon was that from time to time, we encounter events that simply just are not explainable. They go beyond our comprehension. They go where our alphabet currently ends at “z.” Of [...]