The Tax Attic

THE TAX ATTIC with Jerry Coon

January 5, 2012 // 0 Comments

Jerry Coon Refining old, proposing new Welcome to the 2012 tax season! For tax professionals, this is a day that was on the horizon as soon as the previous tax season ended on April 15, 2011. There weren’t a lot of changes that Congress made last year. Furthermore, this is an election year so there most likely won’t be many moves by Congress this year before the [...]

THE TAX ATTIC with Jerry Coon

January 27, 2011 // 0 Comments

Congress is using new tactic   It goes without saying that our tax system is very complicated. Our Congress helps to make that system more complicated when they pass laws that are not first and foremost tax laws. Buried within those non-tax laws, however, are tax provisions; sometimes very complicated tax provisions. Jerry Coon The most glaring example of late is the [...]

THE TAX ATTIC with Jerry Coon — December 16, 2010

December 16, 2010 // 0 Comments

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. Jerry Coon On Friday night, we went to the Christkindlmarkt in downtown Chicago. The Christkindlmarkt is an outdoor bazaar that [...]

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 — March 4, 2010

March 4, 2010 // 0 Comments

Jerry Coon, Enrolled Agent   Taxable Social Security income There are few items on a tax return that are more confusing or more difficult to explain to taxpayers than that of taxable Social Security. Prior to the late 1980s, Social Security was not taxable. Tax-free income is the best deaa still too good of a deal, because the law was changed to tax up to 85% of gross [...]
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