Useful tax tips and information from Jerry Coon of Action Tax Service.
Jerry Coon I finally got to visit New York City. Deb has been there a couple of times but I just haven’t had the opportunity to get there. Even though it was approximately 100 degrees daily, we saw sights that can be seen only in New York. It was definitely worth the wait. We toured Liberty Island, the home of the Statue of Liberty. I wondered if it would be as [...]
Jerry Coon The fish in Michigan are tougher to catch than the fish in Canada. That’s my personal observation of fishing in Canada for 40 plus years and fishing in Michigan for 50 plus years. There are some exceptions of course. When the walleyes are biting on Saginaw Bay, the Detroit River, or Lake Erie, the catch would match the best that Canada has to offer. I have [...]
Jerry Coon The Internal Revenue Service (IRS) certainly has been taking some abuse lately. We all have an expectation that the IRS is going to treat all taxpayers equally; not playing favorites in a positive or negative fashion. The IRS even puts it in writing in its mission statement: “To provide America’s taxpayers top quality service by helping them understand and [...]
Jerry Coon Last week, the Supreme Court, in a 77 page document, ruled that the Defense of Marriage Act (DOMA) was unconstitutional. The 1996 Defense of Marriage Act was passed when Bill Clinton was President and defined a legal marriage as consisting exclusively of a man and a woman. This was a big decision with fully yet-to-be-determined consequences. Along with the DOMA [...]
Jerry Coon Last week, I discussed financing the cost of college education through the Direct Loan program. Another manner of paying for the cost of education is through the usage of Section 529 College Savings Tuition Plans. There is no question that 529 plans, if sufficiently funded, can be used to pay for almost all of the costs associated with education. So, what [...]