Gregory J. Cook, EA, CPA, Accredited Tax Advisor

SSA Provides Special Extra Earnings for Military Service

Since 1957, if you had military service earnings for active duty (including active duty for training), you paid Social Security taxes on those earnings. Since 1988, inactive duty service in the Armed Forces reserves (such as weekend drills) has also…

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Posted: 05/24/2018

IRS Issues Notice on State and Local Tax Deductions

The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs…

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Posted: 05/23/2018

Spring is Finally in Full Swing!

Summer will be here before we know it! And with June comes the Second Quarter Estimated Tax Filing for individuals with self-employment income. Updates from Cook and Company Nonprofit tax-exempt organizations using the calendar year as their tax year must…

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Posted: 05/10/2018

Arab Alabama says Goodbye to Local Bank

When I came to Arab in 1986, I opened a bank account at Security Bank & Trust two doors down from the office on Main Street. You see, Al LaGrone, the founder at my firm, was also one of the…

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Posted: 04/25/2018