August 22, 2019 Moceri Minute

Moceri Minute If you are getting a subsidy to pay for health coverage brought on an exchange, notify the exchange of changes that could affect the health care premium credit. If your 2019 household income ends up being higher than estimated when you bought your...

August 8, 2019 Moceri Minute

Moceri Minute Keep these tax tips in mind if you volunteer for charity: If you itemize on Schedule A, you can deduct $0.14 cents per mile for charitable driving, plus what you pay for parking and tolls.Keep track of the mileage, dates driven and purpose of the...

July 25, 2019 Moceri Minute

Moceri Minute Reporting Schedule C losses and lots of other income is an audit red flat, especially if the activity sounds like a hobby. Now may be a good time to take a look at your Schedule C business that has been losing money and determine if it is actually a...

Moceri Minute – July 18, 2019

              Moceri Minute   Did you or are you planning on donating a car to charity? If so, the income tax rules can be complicated. As a general rule, the donor’s charitable deduction cannot exceed the proceeds that the charity receives from the auto. Donors...

July 11, 2019 Moceri Minute

Moceri Minute If you changed your name because of marriage, divorce, etc., be sure to timely report the change to the Social Security Administration and apply for a new Social Security card by filing Form SS-5 with the Social Security Administration.  Names must...

Tax Planning Letter

This year we are sending out a semi-annual tax planning letter to assist you to minimize your 2019 tax obligations.  Please access the letter by clicking on the link below: http://www.planningtips.com/4422/default.asp?Co_ID=17492&Tip_ID=4422

June 20, 2019 Moceri Minute

Moceri Minute Review your investment accounts. Is now the time to offset any capital gains by harvesting losses in your taxable brokerage account? This could reduce your income taxes at the end of the year.