Useful tax tips and information from Jerry Coon of Action Tax Service.
Jerry Coon, Enrolled Agent 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 Corporation. A third option is [...]
Jerry Coon, Enrolled Agent Advantages of partnerships, C corporations There are a few things I would like to do before I ride off into the sunset—my bucket list of sorts. One of them is to drive a winged sprint car. I joke about that one maybe having to wait until my next life. But since I’m of the Reformed Church religious persuasion and we don’t fundamentally [...]
Jerry Coon, Enrolled Agent Two business entities available when starting a business I believe it’s important to write an article or two about the various business entities that are available to a person starting a business. With the economy remaining in the doldrums, good and experienced employees are still losing jobs. Some of these people will start or buy a [...]
Jerry Coon, Enrolled Agent How are tax bills formed? As I said last week, I’m not really a superstitious person. However, when it comes to sporting venues, I do have one or two rituals that I do observe. For example, I have played either fast-pitch softball or slow-pitch softball most of my adult life. I have a set manner of getting ready to bat that has served me quite [...]
Jerry Coon, Enrolled Agent Michigan Residential Energy Credit to have positive effect I don’t consider myself a superstitious person. I don’t really believe in omens. However, I do pay attention to events as they occur, draw conclusions from those events, and base my actions on those conclusions. For example, over the Labor Day weekend, Deb and I camped along with her [...]