Earned Income Tax Credit

THE TAX ATTIC with Jerry Coon

November 17, 2011 // 0 Comments

Follow-up on EITC, Form 8867 Jerry Coon Here is a follow-up on last week’s article concerning the Earned Income Tax Credit (EITC) and the Form 8867, Paid Preparers Earned Income Due Diligence Checklist. The object of the form is to require tax preparers to go over all of the rules concerning the EITC with their clients (i.e. perform good due diligence). This is an [...]

Credits, Deductions of the American Recovery & Reinvestment Act

March 5, 2009 // 0 Comments

by JERRY COON The picture is becoming clearer where it concerns some of the credits and deductions that were adjusted when President Obama recently signed the American Recovery & Reinvestment Act of 2009 (AR&R). There are so many provisions in this bill that were changed, thus affecting so many people, that it has guaranteed that tax professionals will spend many [...]

EITC Receivers get Extra Credit

January 29, 2009 // 0 Comments

by JERRY COON Incredibly enough, our Michigan legislature is giving a credit on this year’s tax return that it can ill afford. Michigan’s tax revenues are decreasing by the minute and in approximately the same proportion that the unemployment rate is increasing. However, they have still found it in their hearts to give out a very large tax break. Starting this [...]