Useful tax tips and information from Jerry Coon of Action Tax Service.
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 [...]
Deb & I went to “American Sniper” last weekend. What a great movie. The story of Chris Kyle, credited with over 160 enemy kills, was well-done by Producer Clint Eastwood and actor Bradley Cooper. Navy Seal Kyle possibly had another 95 but that additional number was not verified. Of course, the movie had a very sudden and very sad ending when he himself was [...]
October 1, 2013 is a big day in the world of Obamacare. It appears that by October 1, anyone who works for an employer with revenue of more than $500,000 and has at least one employee should receive a letter from that employer titled “Notice to Employees of Health Insurance Marketplace Coverage Options”. The employee can then take the letter to the federal on-line [...]
As far as weekends go, I believe the Labor Day Holiday Weekend might just be my favorite. I know it more or less signals the end of summer, but the weather is usually still quite pleasant. The last few years, Deb and I have spent Labor Day at the Muskegon State Park. Before that, we camped at Manistee’s Orchard Beach State Park and before that we camped at a variety of [...]