IRS

THE TAX ATTIC with Jerry Coon

May 26, 2011 // 0 Comments

IRS, Congress crack down on assets in foreign institutions Jerry Coon Over the past many years, we have seen a concerted effort by Congress and the Internal Revenue Service to force United States citizens to disclose whether they have financial assets in foreign countries. The basis for wanting to know this information is very straightforward: as tax-paying citizens of [...]

THE TAX ATTIC with Jerry Coon

January 27, 2011 // 0 Comments

Congress is using new tactic   It goes without saying that our tax system is very complicated. Our Congress helps to make that system more complicated when they pass laws that are not first and foremost tax laws. Buried within those non-tax laws, however, are tax provisions; sometimes very complicated tax provisions. Jerry Coon The most glaring example of late is the [...]

The Tax Attic with Jerry Coon — January 14, 2010

January 14, 2010 // 0 Comments

Jerry Coon, Enrolled Agent My intent this week was to continue writing on what a taxpayer should do if he or she receives an incorrect W-2 or 1099. However, the Internal Revenue Service has interrupted my plans. Since the first day I entered the tax business in 1978, the IRS has, off and on, announced plans to formulate a plan to regulate all tax preparers. In the past [...]

The Tax Attic

April 15, 2009 // 0 Comments

Jerry Coon, Enrolled Agent When is Tax Freedom Day? What a difference a year makes. No, I’m not talking about April 15. That day comes hell or high water, or maybe hell AND high water is the more appropriate way of stating it. I’m talking baseball in general and Detroit Tigers baseball in particular. I’m one of those lifelong Detroit baseball fans who [...]