How the SSA calculates benefits Last week, I began a discussion on our Social Security system. The annual statement, beginning in May of this year, can only be accessed online. We went over the procedure for creating an account and accessing that online statement. An important part of the annual statement is the data entered […]
THE TAX ATTIC with Jerry Coon
June 14, 2012 By Leave a Comment
Giving up a rental to foreclosure “Be well… Do good things… Keep in touch.” This is one of Garrison Keillor’s more famous, if not the most famous, quotes from “The Writer’s Almanac.” It’s short, but it sure does say a mouthful. I have a nephew, Andrew Veenstra, who graduated from Sparta High School last week. […]
THE TAX ATTIC with Jerry Coon
June 7, 2012 By Leave a Comment
Foreclosures, home equity loans The tax return preparation business is a whole lot more complicated today than it was when I started preparing taxes back in 1978. The Internal Revenue Service has to deal with many more preparers today than in 1978. Of course, we probably have to deal with more IRS people today than […]
THE TAX ATTIC with Jerry Coon
May 31, 2012 By Leave a Comment
What is debt forgiveness, COD income? Debt forgiveness that may result in Cancellation of Debt (COD) income to taxpayers has been a hot topic on the tax circuit for a while, but it seems to be getting more attention today. The reasons are varied and include the fact that more taxpayers are filing for bankruptcy; […]
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