The Tax Attic – May 14, 2009

Tax treatment of loss in Ponzi schemes Commissioner Douglas Shulman of the Internal Revenue Service recently testified before a senate finance committee. Commissioner Shulman gave testimony concerning the tax treatment of Ponzi schemes and also how the IRS is dealing with off-shore tax avoidance schemes. There probably aren’t too many people in Rockford who are […]

The Tax Attic—May 7, 2009

Seminars help to improve client service As I have gotten older, I enjoy listening to more different types of music than I did when I was much younger. For instance, my future son-in-law Devon Cunningham and I just happened to end up at Founders Brew Pub in Grand Rapids last weekend. I have written before […]

The Tax Attic, April 30, 2009

Home improvement credits change It’s home improvement time of the year. It was a cold winter and many of us are thinking about adding some insulation wherever possible, replacing a few of those leaky windows, replacing that old leaky slider,  putting in a new insulated exterior door, buying a new high-efficiency furnace, or purchasing high-efficiency […]

The Tax Attic-April 23, 2009

Continuing health insurance   We are all creatures of habit. For me, the day after the end of tax season, usually April 16, is the perfect example. I always take that day off work. I really enjoy preparing taxes, as do my co-workers, but the pressure is so intense during those last few weeks that […]

The TAX ATTIC

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 […]