The Tax Attic — with Jerry Coon

  First-time homebuyer credit extended Present homebuyer credit expanded A flurry of activity has occurred this past week in our federal government. Last Friday, Nov. 6, President Obama signed into law the Worker, Homeownership and Business Assistance Act of 2009. The main provisions of the bill extend the first-time homebuyer credit and expand the credit […]

The Tax Attic with Jerry Coon — November 5, 2009

Security issues discussed This summer we traveled to the Asheville, North Carolina area. It’s a wonderful part of the world. There seems to be plenty of wild animals living in the mountains surrounding Asheville and the scenery is outstanding. Deb and I took the Blue Ridge Parkway on our way home and I was lucky […]

The Tax Attic with Jerry Coon

Tax rebate for golf carts The amount of tax questions I receive on an ongoing basis is a sign of not only how complicated and convoluted our tax system has become, but also how often we think about our tax situations. The questions seem to have gotten a bit more complicated, too. Even though my […]

The Tax Attic with Jerry Coon — October 22, 2009

Recent developments in tax preparation In the tax preparation business, there are always recent developments. Things change frequently. I have determined that it is how tax preparers keep their minds young and limber. We have to follow the bouncing ball, so to speak, on a daily basis because we really don’t know where it’s going […]

The Tax Attic with Jerry Coon — October 15, 2009

Sub Chapter S Corporations This week, I would like to continue a discussion of the various entities that are available to taxpayers who are starting a business. In the past weeks, I have written that a Schedule C or Sole Proprietorship is one option. A second option is operating as a LLC or Limited Liability […]