taxes

The Tax Attic with Jerry Coon — October 14, 2010

October 14, 2010 // 0 Comments

Integrity is a way of life My minister at Rockford Reformed Church, Rick Tigchon, sometimes hits a “grand slam” of a sermon. Since the baseball playoffs are in full swing, I thought I would borrow one of its terms to describe his wonderful sermon given to us this last Sunday. Since the Lions finally won a game, I know I should be using a football term. But I love [...]

The Tax Attic with Jerry Coon, September 30, 2010

September 30, 2010 // 0 Comments

Prisoners claim fraudulent tax credit  Principal Residence Exemption explained    Jerry Coon, Enrolled Agent When you go to tax seminars, you find out all kinds of information about our tax system. For example, last Friday at a seminar in Lansing, I learned some more facts about people claiming the First Time Homebuyer Credit who were not supposed to be claiming the [...]

The Tax Attic with Jerry Coon — September 23, 2010

September 23, 2010 // 0 Comments

Bush tax cuts set to expire Congress is really making it difficult to tax plan. Eventually, they will have to make decisions on a number of tax issues. Complicating the matter is that Congress can make a decision by doing nothing. Jerry Coon, Enrolled Agent The Bush tax cuts are all set to expire on December 31, 2010. If Congress does nothing, we will revert to the tax [...]

The Tax Attic with Jerry Coon — September 16, 2010

September 16, 2010 // 0 Comments

Tax school begins I may end up buying my salmon this fall at Meijer or D&W. In past years, I could depend on going fishing a few times throughout the summer and catching a few fish each time. Then, to finish off the summer, over Labor Day, my brother-in-law Don and I could always count on coming home with some nice salmon fillets. We are far from experts, but we have [...]

The Tax Attic with Jerry Coon — July 1, 2010

July 1, 2010 // 0 Comments

Some deductions not legitimate In today’s tax environment, where it behooves everyone to take advantage of all legitimate deductions, from time to time a program will be developed by a promoter that will look legitimate but really steps over the edge into the illegitimate. None of us has an obligation to pay more than our fair share of tax, but all of us have an [...]
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