by Mike Kramer | Mar 21, 2024 | Moceri Minute
Moceri Minute Are you a college athlete receiving NIL income? Make sure you know your tax obligation. NIL income is taxable, whether you are paid in cash or in free products or services. Most student athletes with NIL income are considered self-employed, so...
by Mike Kramer | Mar 7, 2024 | Moceri Minute
Moceri Minute IRS again warns the public to watch out for tax scams. There is an increase at this time of year of scammers trying to impersonate the IRS. Remember, the IRS will not contact you via a telephone call, an email, or a text as their initial contact...
by Mike Kramer | Jan 4, 2024 | Moceri Minute
Moceri Minute All of the printed tax organizers will be mailed this week. All of the web tax organizers were sent out in December. If you do not receive your tax organizer by January 12, 2024, please contact our office for arrangements to get a new copy. Start...
by Mike Kramer | Dec 7, 2023 | Moceri Minute
Moceri Minute Use your annual gift tax exclusion before the end of the year. You can give each person up to $17,000 this year, $34,000 if you are married without paying a gift tax, filing a gift tax return, or tapping into your lifetime estate and gift tax...
by Mike Kramer | Oct 26, 2023 | Moceri Minute
Moceri Minute 529 Savings Plans were created by Congress in 1996. There are two types of 529 plans, a tuition prepayment plan and a savings (really an investment) plan to which you contribute money to be used later to pay for a student’s qualified education...
by Mike Kramer | Oct 12, 2023 | Moceri Minute
Moceri Minute The Limited Learning Tax Credit (LLC) can be claimed in connection with student currently enrolled in college. The LLC is worth up to $2,000 credit per federal tax return, not per student. This credit can reduce your tax, but is not...
