taxes

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 [...]

Two Provisions on the Newly Signed Bill

February 26, 2009 // 0 Comments

by JERRY COON Information is slowly trickling out, detailing how the American Recovery and Reinvestment Act of 2009 will affect us here in Rockford. All 1,107 pages of this historic bill were signed into law by President Obama on February 17. An additional 285-page report has been issued by a joint Congressional committee that explains just the tax provisions of the bill. [...]

Tannery Closure/Rate Implications Addressed

February 19, 2009 // 0 Comments

by MICHAEL YOUNG, Rockford City Manager Since Wolverine World Wide’s (WWW) recent announcement that it is closing its downtown tannery facility, the City of Rockford has been working to identify all of the issues related to this decision and its ultimate impact on our residents and ratepayers. As you can imagine, the issues are numerous and complex and include [...]

What is the Economic Recovery Bill?

February 19, 2009 // 0 Comments

by JERRY COON All 1,071 pages of the Economic Recovery Bill were signed by President Obama on Tuesday. This bill has some items that will benefit most of us, although you can bet there isn’t anything in it for the presidents of GM, Chrysler or Ford. The total bill is worth $787 billion in federal spending. Since the deficit was expected to be about $813 billion [...]
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