Where is the Economy Heading in 2016? RMA Orange County Presents 2016 Economic Update


The Risk Management Association, Orange County Chapter is pleased to present a 2016 Annual Economic Forecast by Dr. Christopher Thornberg, founding partner of Beacon Economics, LLC, on Thursday, January 28, 2016, 11:30 a.m. – 1:30 p.m. at The Pacific Club, 4110 MacArthur Blvd., Newport Beach....

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Top 10 Tax Facts about Exemptions and Dependents


Top 10 Tax Facts about Exemptions and Dependents Nearly everyone can claim an exemption on their tax return. It usually lowers your taxable income. In most cases, that reduces the amount of tax you owe for the year. Here are the top 10 tax facts about exemptions to help you file your tax...

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Six Tips for Charitable Taxpayers


Contributing money and property are ways that you can support a charitable cause, but in order for your donation to be tax-deductible, certain conditions must be met. Read on for six things the IRS wants taxpayers to know about deductibility of donations. 1. Tax-exempt status. Contributions must...

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Year End Tax Planning


Start now before you run out of time … The clock is a tickin’. Is it just us or did 2015 screech by? We are in November now and most tax saving scenarios take time to implement and quantify. For all of our clients, tax planning should be thoughtful and logical. In the case of business...

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IRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016


The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not...

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In 2016, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged


For tax year 2016, the Internal Revenue Service today announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2015-53 provides details about these annual adjustments. The tax items for tax year 2016 of...

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Affordable Care Act Alert


New Electronic Filing System for Information Returns required to be filed under the ACA. The IRS recently issued two publications setting forth new rules as to how employers must file 2015 electronic information returns under the “Affordable Care Act Information Return” system, or AIR...

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Fraud Alert: Wire Transfer Frauds – a Growing Concern


Fraud Alert: Wire Transfer Frauds – a Growing Concern There has been a recent global surge in schemes to trick companies into sending wire transfers to bank accounts set up for this fraudulent purpose-often in a foreign country. These schemes usually involve someone masquerading as the CEO or...

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White Nelson Diehl Evans Hires 15 New Employees


 White Nelson Diehl Evans Hires 15 New Employees White Nelson Diehl Evans LLP is pleased to announce that 15 new employees have joined the firm, eight in the tax department and seven in the audit department. Joining the tax department are: James Murrey, tax supervisor; Tony Hwang, tax senior;...

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Ten Things to Know about Identity Theft and Your Taxes


Learning you are a victim of identity theft can be a stressful event. Identity theft is also a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a...

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