THE TAX ATTIC with Jerry Coon

Penalized for starting a business? One of the trickier decisions that must be made by those who are in business is deciding how much to spend on marketing. Once the dollar amount is calculated, then comes the even more difficult decision of where exactly to spend those dollars. Print media, such as advertisements in newspapers […]

THE TAX ATTIC with Jerry Coon

Good information is worth paying for I don’t have a tremendous amount of free time during the tax season, but sometimes I just can’t help taking the time to read some of the “top ten” lists that come through my e-mail. I believe it was David Letterman who started the Top Ten List thing that […]

THE TAX ATTIC with Jerry Coon

Congress passes late tax law Welcome to the 2011 tax season. It’s going to be a season with some challenges. First, our Congress passed a very late tax law. They waited until December 16 to pass the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. Predominantly, the law extends the Bush Tax […]

THE TAX ATTIC with Jerry Coon

Bush Tax Cuts extended two years   One of the reasons I enjoy writing this article for The Rockford Squire is they graciously allow me to write about areas other than income tax. I have taken advantage of that graciousness to write about a variety of subjects such as fishing in Canada, hunting in Marion, […]

THE TAX ATTIC with Jerry Coon — December 9, 2010

Ensure end-of-year deductions will be allowable   As we approach the end of this year, December 31 is the magic date. In order to include most items on this year’s tax return, payment must occur on or before December 31. The definition of “payment,” however, takes on a special meaning on December 31. The general […]