Jerry Coon

The TAX ATTIC

April 8, 2009 // 0 Comments

Jerry Coon, Enrolled Agent Reasons to file The end of the 2009 tax filing season is coming up quickly. The majority of all tax returns are completed and either mailed in or e-filed. However, there are still several million, perhaps up to 20 million, taxpayers who are going to file an extension. There are actually some very legitimate reasons for filing an extension. One [...]

Six frequently asked questions answered

March 26, 2009 // 0 Comments

Jerry Coon, Enrolled Agent The Community Expo, one of my favorite events of the year, occurred last Saturday at Rockford’s senior high school. This was the fifth annual expo as sponsored by the Chamber of Commerce. We have Carl Shook, past executive director of the Chamber, to thank for our expo. Six or seven years ago, he first proposed holding a community expo. In [...]

Schemes Promise Bigger Refunds

March 19, 2009 // 0 Comments

The old adage stating that if something is too good to be true, it probably is too good to be true really applies today. We have seen the headlines about the losses incurred by the people who invested with Bernie Madoff. Many of those people were millionaires, with “were” being the operative word of the day. It was too good to be true. However, there are other [...]

Making Work Pay Credit Provisions

March 12, 2009 // 0 Comments

By JERRY COON Spring is my personal favorite time of the year. Yes, I do like going deer hunting and that happens in the fall. I do like watching football and that happens in the fall. It can be excruciating when we have to watch the Lions, but there are other good teams to watch like our Rockford Rams and several good college teams. I like going to Knoxville, Iowa, in [...]

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 [...]
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