Action Tax Service

THE TAX ATTIC with Jerry Coon

December 2, 2010 // 0 Comments

Out with old, in with new GM Jerry Coon The deer season got monumentally better for me on Saturday, Nov. 20. I was able to forget all about my escapades of the opening two days. My split lip is mostly healed up and my flat tire was an easy, albeit $125, fix. I could afford to move those bad memories to the back of my mind because at about 10:30 a.m. I found myself in a [...]

The Tax Attic with Jerry Coon

October 21, 2010 // 0 Comments

RAL a thing of the past Jerry Coon, Enrolled Agent   Recently, I wrote an article publicizing that the Internal Revenue Service, starting next January, is not going to provide something called the “debt indicator” to tax preparers and financial institutions. This is a big thing because the “debt indicator” is the one item that tax preparers and financial [...]

The Tax Attic with Jerry Coon — October 14, 2010

October 14, 2010 // 0 Comments

Integrity is a way of life My minister at Rockford Reformed Church, Rick Tigchon, sometimes hits a “grand slam” of a sermon. Since the baseball playoffs are in full swing, I thought I would borrow one of its terms to describe his wonderful sermon given to us this last Sunday. Since the Lions finally won a game, I know I should be using a football term. But I love [...]

The Tax Attic with Jerry Coon — October 7, 2010

October 7, 2010 // 0 Comments

Three new provisions to help small businesses In a previous article, I stated that our present Congress is not a “do nothing” Congress. They have shown that they are not afraid to pass bills and make laws. Not everyone agrees with the bills they have passed and laws they have instituted, but they do keep trying. Jerry Coon, Enrolled Agent For example, just last [...]

The Tax Attic with Jerry Coon — September 23, 2010

September 23, 2010 // 0 Comments

Bush tax cuts set to expire Congress is really making it difficult to tax plan. Eventually, they will have to make decisions on a number of tax issues. Complicating the matter is that Congress can make a decision by doing nothing. Jerry Coon, Enrolled Agent The Bush tax cuts are all set to expire on December 31, 2010. If Congress does nothing, we will revert to the tax [...]
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