Useful tax tips and information from Jerry Coon of Action Tax Service.
Jerry Coon, Enrolled Agent First-time homebuyer credit needs to be clarified Over the past few weeks, we have received a number of calls requesting further information and clarification on the federal government’s first-time homebuyer credit. The confusion relates to the differences between the credit that was available for homes purchased in 2008 and the credit [...]
Jerry Coon, Enrolled Agent What makes a professional a professional Last week I attended a convention sponsored by Money Concepts, the financial planning company that I am associated with. The convention was held in Asheville, North Carolina, which is a sightseer’s paradise. Of course, I have to attend educational classes, but there was time set aside to enjoy the [...]
Jerry Coon, Enrolled Agent Cash for Clunkers Our Congress is at it again. Passing laws and printing money seem to be their specialty these days. This particular program only has a one billion price tag, so it’s kind of small potatoes, but it’s still one BILLION dollars. I’m talking about the bill recently passed by both the House and the Senate, and is [...]
Who qualifies to receive Social Security benefits? Jerry Coon, Enrolled Agent My wife, Deb, looked around our yard the other day and noted that our yard was an example of nature gone wild. The peonies have never had more flowers and those flowers were large and magnificent. All of the varieties of hostas are huge. There were flowers on lilac bushes that haven’t had [...]
Jerry Coon, Enrolled Agent How are Social Security benefits calculated? The catching of fish in Canada was not quite as good this year as other years. The black flies and mosquitoes were not a problem, though. I guess they don’t like 50 degree and rainy weather either. However, the fishing was as good as ever. As those of us who fish know, catching fish is only a [...]