Useful tax tips and information from Jerry Coon of Action Tax Service.
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 [...]
Jerry Coon, Enrolled Agent Charitable contributions As we near the end of the year, in addition to the festivities associated with the Christmas holiday, tax professionals across these United States of America are doing their best to get the word out to their clients and the tax-paying public that December 31, 2009 is, for the most part, the cut-off date to make changes [...]
Jerry Coon, Enrolled Agent Tips on converting IRA to Roth IRA A topic that has come up in multiple discussions the last few weeks is the Roth Individual Retirement Account (IRA) situation. Specifically, it seems that every financial planner and money manager is touting the conversion of traditional IRAs to Roth IRAs and, in many instances, it makes very good sense to do [...]
Jerry Coon, Enrolled Agent Five items most affect returns this year Boy, there sure is a lot going on in the tax arena this year. I have written about this regularly and previously, but it bears repeating: virtually by the minute, our tax system is getting more complicated. I attended a two-day seminar last week that was attended predominantly by Enrolled Agents, such as [...]