Preheat the oven to 350 degrees, grease and flour three 8×2 inch round pans.
In a medium bowl, whisk the flour, baking powder, baking soda and salt for 30 seconds. Set aside
In another bowl, add the buttermilk, oil, vanilla extract, and coconut extract. Set aside..
In the bowl of your mixer, add the butter and mix at medium speed until smooth. Gradually add the sugar and continue to mix on medium speed for 3 to 5 minutes until lightened in color and fluffy.
Add the eggs one at a time mixing until the yellow of the yolk is blended.
With the mixer on low speed, alternately add the flour mixture and buttermilk mixture, beginning and ending with the dry ingredients (3 additions of dry ingredients and 2 of liquid). After the last addition, mix just until ingredients are incorporated.
Bake at 350 degrees for 25-30 minutes or until a toothpick inserted in the center comes out clean or with just few crumbs attached. Let cool 10 minutes and turn out.