THE TAX ATTIC with Jerry Coon

Main points of Snyder’s plan discussed Holy cow! Governor Synder has really upset the apple cart. Of course, he would argue that the apple cart needed to be upset this time. No one should be too surprised, since he was elected just over three months ago, running on a platform of fixing Michigan’s financial condition. […]

THE TAX ATTIC with Jerry Coon

Rules must be met to claim EITC  16,000,000—that’s a large figure. It’s the initial estimate of the number of taxpayers who could have their tax return processing delayed this season. When Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 on December 17, it may have caused a few of […]

The Tax Attic with Jerry Coon — December 30, 2010

Consider 10 items before 2011 Leave it to the Internal Revenue Service to assume the role of the “Grinch who stole Christmas” one more time. They announced last Thursday that due to late changes made by Congress, the IRS will require some extra time to revise their processing software. The extra time means that approximately […]

THE TAX ATTIC with Jerry Coon — December 16, 2010

Negotiations to benefit economy Chicago is a great place to spend a weekend. Our daughter, Kim, is working on her master’s degree at DePaul University, so visiting her provides the perfect excuse to go to Chicago and take in some of the sights. On Friday night, we went to the Christkindlmarkt in downtown Chicago. The […]

THE TAX ATTIC with Jerry Coon — December 9, 2010

Ensure end-of-year deductions will be allowable   As we approach the end of this year, December 31 is the magic date. In order to include most items on this year’s tax return, payment must occur on or before December 31. The definition of “payment,” however, takes on a special meaning on December 31. The general […]