Moceri Minute – July 19, 2018

                Moceri Minute   The Tax Cuts and Jobs Act that was signed into law on December 22, 2017, will impact your 2018 personal income tax return. In most instances, the law will reduce your tax liability, however with the adjustment of the tax withholding...

Moceri Minute – July 12, 2018

                Moceri Minute   Cancellation of Debt (COD) – Mortgage Debt – The new Tax Cuts and Jobs Act says individuals can exclude up to $2 million ($1 million for married filing separate) of COD income from qualified principal residence indebtedness...

The Passing of Joseph Moceri

                Moceri Minute   Hello, everyone. It is with heavy hearts that we are announcing Mr. Moceri has passed away. For those of you who had the opportunity to know him and work with him, we are sure we can all agree that he was an incredible man who...

Moceri Minute – June 7, 2018

                 Moceri Minute   Can I deduct interest on a home equity loan used to remodel my home? Yes! Debt secured by a first or second home and used to improve the place has always been considered acquisition indebtedness, so the new law’s crackdown on...

Moceri Minute – May 17, 2018

                 Moceri Minute   Do you know what the annual Gift Tax Exclusion is? The annual Gift Tax Exclusion for 2018 is $15,000 for each person. If you provide a gift that exceeds $15,000, you may be required to file a Gift Tax Return. Please keep track of your...

Moceri Minute – May 3, 2018

                 Moceri Minute   Due Date for Non-Profits is May 15! Non-Profits (tax-exempt organizations) are required to file an annual return with the IRS. The due date for this return for a calendar year non-profit organization is May 15. If the non-profit...