Useful tax tips and information from Jerry Coon of Action Tax Service.
I believe it’s time for me to write an article concerning the coming May 5 vote on Proposal 1. Whether or not to pay some tax and fix our roads is the question that will be answered on May 5. There are plenty of organizations promoting the negatives of the proposal. They are right in that there are a few big negatives. However, there are also quite a few off-setting [...]
I have a long history in the tax business having taken my first course in the preparation of tax returns back in 1978. That was before every household had multiple laptop and desktop computers; Apple had not invented the I-pad; when you said something about Windows, it still meant something you looked through; the words “smart” and “phone” had not [...]
This past November, I was re-elected for a second four-year term to the Rockford City Council. Due to the fact that I had been the Mayor Pro-tem for the previous two years, at the next City Council meeting, I became a member of a rather small group of Rockford residents. In a unanimous vote, the four other City Council members elected me to be the 24th Mayor of the City [...]
So far, the tax season is getting off to a great start. The Internal Revenue Service is reporting that they have processed more than 14 million tax returns already this year. Since the filing season did not start until January 20, that is a large number. As far as Action Tax Service goes, we have been forced to add an extra form to our processing sequence. We call it the [...]
On August 5, 2014, we had a state-wide vote that approved a change to the Personal Property Tax system. The changes were massive and affected every business that owned any equipment that was physically located in the state of Michigan. Historically, Michigan had taxed the equipment owned by businesses at basically the same rates that real property was taxed. The [...]