Tax Attic

Tax Attic — June 25, 2009

June 25, 2009 // 0 Comments

Jerry Coon, Enrolled Agent How are Social Security benefits calculated? The catching of fish in Canada was not quite as good this year as other years. The black flies and mosquitoes were not a problem, though. I guess they don’t like 50 degree and rainy weather either. However, the fishing was as good as ever. As those of us who fish know, catching fish is only a [...]

The Tax Attic – June 18, 2009

June 18, 2009 // 0 Comments

Jerry Coon, Enrolled Agent Social Security to go bankrupt It has been an eventful and good last few months for the Coon household. Stephanie, our oldest daughter, has been a student at Rush Medical University in Chicago for the last four years. At the end of April, she completed her studies at Rush. Prior to that time, she found out that she would be serving her three [...]

The Tax Attic – June 11, 2009

June 11, 2009 // 0 Comments

Jerry Coon, Enrolled Agent Options for Social Security problem Social Security-it’s an entitlement program that we have gotten used to participating in. Those of us lucky enough to be still working participate by paying in Social Security tax. Most of us age 62 or older and those taxpayers who are disabled participate by receiving benefits. The problem that has been [...]

The Tax Attic – June 4, 2009

June 4, 2009 // 0 Comments

Jerry Coon, Enrolled Agent Why is Social Security going bankrupt? As I have written in previous articles, I enjoy going to sprint car races, particularly the winged sprint car shows put on by the World of Outlaws. It’s a traveling circus that comes to Michigan usually once a year. Sometimes they come when I’m out of state, up in Canada fishing or on [...]

The Tax Attic – May 14, 2009

May 14, 2009 // 0 Comments

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 [...]
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