Link, Murrel & Company, LLP

6 End-Of-Year Tax Tips That All Millennials Need To Hear To help get us all prepared for tax season, I spoke to Richard Lavina, CEO of Taxfyle, and he was able to share some year-end tips for millennials preparing for tax season. #LinkMurrel #OrangeCountyCpas #Taxes #Millennials #TaxSeason http://bit.ly/2h1lGcv

2016 It's A Good Year To Take Losses Take a hard look at your investment losses. If you expect president-elect Donald Trump’s tax cuts to pass in 2017, then you should think about aggressively taking losses before year-end 2016. #LinkMurrel #OrangeCountyCPAs #Taxes #Tax #TaxCuts http://bit.ly/2hmVbih

For Trump, Incredible Tax-Free $3.7 Billion Sale Would Be Tax Savvy After talk that even sounded divestment-like in scope, he has now backtracked. Insiders say that Trump intends to keep a stake in his business after all. And so it goes. #LinkMurrel #OrangeCountyCPAs #Taxes #Tax #Trump http://bit.ly/2hfh82W

5 Smart Tax Moves To Make Before Year-End The holidays and a presidential transition needless to say, there are a lot of big events hanging in the balance this time of year. But one thing you can actually prepare for (and feel good about) is your year-end tax planning to-do list. #LinkMurrel #OrangeCountyCpas #Taxes #YearEnd #TaxPlanning http://bit.ly/2gPtrFK

4 Steps To Prepare Your Retirement Portfolio For The New Year The end of the year is a great time to get your financial house in order. As the market bounces along throughout the year, your portfolio bounces right along with it. Every once in a while, you need to give it a checkup. And it’s not just rebalancing your investment portfolio (though I cover that in step 4) you need to make sure your entire financial picture is in good working order. #LinkMurrel #OrangeCountyCPAs #Retirement #NewYear #Taxes #TaxPlanning http://bit.ly/2hpcb6F

Seven Crazy Tax Laws Trump Should Change In 1913, our entire tax law was 27 pages. It’s now over 4 million words, 9,000 bloated pages. From 2001-2012 alone, there were 4,600 changes, more than one a day. The U.S. tax code is the most complex in the world, chock full of perks to special interests and social engineering. It is incomprehensible, and often produces unjust results.#LinkMurrel #OrangeCountyCpas #Taxes #TaxLaw #Trump #TaxCode http://bit.ly/2g2RQD4

IRS Launches New Online Tool To Assist Taxpayers With Account Balances, Paying Taxes & More The new tool, available on IRS.gov, allows taxpayers to view their tax account balance online. The balance includes any amount owed for tax, as well as penalties and interest for each tax year. #LinkMurrelCPAS #OrangeCountyCPAS #IRS #TaxPayers #Tax #Taxes http://bit.ly/2h36z5T

20 Plant Workers' $420 Million Powerball Win Cleverly Misses Tax Mess These 20 workers have been cooperating and pooling their ticket buys for years, which arguably makes them a real partnership for tax purposes. And that could matter. #LinkMurrel #OrangeCountyCPAS #Powerball #Taxes http://bit.ly/2fX1r1l

5 Smart Tax Moves To Make Before Year-End The holidays and a presidential transition needless to say, there are a lot of big events hanging in the balance this time of year. But one thing you can actually prepare for (and feel good about) is your year-end tax planning to-do list. #LinkMurrel #OrangeCountyCpas #Taxes #YearEnd #TaxPlanning http://bit.ly/2gPtrFK

Yes Dilbert, Trump Could Finally Kill The Death Tax Weeks after the election, there are still many ‘why did Hillary Clinton lose‘ discussions. But one possible explanation that so far doesn’t seem to be taken seriouslyif is is mentioned at allis the death tax. #LinkMurrel #OrangeCountyCPAS #Trump #DeathTax #Taxes #Tax http://bit.ly/2g4ym21

Why this year's election season has major implications for your taxes While the presidential candidates' proposals grab a lot of headlines, it's important to remember that all tax legislation starts in Congress. Members of Congress are working in bipartisan groups to create their own proposals which can give us a glimmer as to the direction of future tax policy. #LinkMurrel #OrangeCountyCPAS #Taxes #ElectionDay #Congress http://on.mktw.net/2flGZ7d

As Trump Tax Cuts Emerge, High 13.3% California Tax Spells Exodus The promise of Trump tax cuts excites many, and is already triggering some ‘pay me in 2017 requests. Yet voters just passed higher California taxes, at least until 2030. California’s Proposition 55 extended the temporary 13.3% tax rate on California’s high-income earners, the highest marginal tax rate in the nation. #LinkMurrel #OrangeCountyCPAs #Trump #TaxCuts #Taxes #Tax #CaliforniaTax http://bit.ly/2gdSI9S

13 IRS Tax Rules Trump Tax Plan Won't Change With Republican control of the House and Senate, President-elect Trump and Congress might tell the tax code, you’re fired! And as big as the coming tax changes might be, it’s worth noting what is highly unlikely to change. Keeping track of these 13 key tax rules could put dollars in your pocket and ease your interactions with the tax system. #LinkMurrel #OrangeCountyCPAS #Trump #TaxPlan #TrumpsTaxPlan http://bit.ly/2fdrDlC

New Tax Calculator Shows How Taxes Would Change Under Clinton And Trump Tax Plans Just in time for the presidential election, the Tax Policy Center has created an Election Tax Calculator. We designed it to help taxpayers, analysts, and the media see how Hillary Clinton’s and Donald Trump’s tax plans would affect real families. #LinkMurrel #OrangeCountyCPAS #Taxes #Trump #Hillary #ElectionDay http://bit.ly/2fFH4qE

How President Trump Will Affect Your Wallet? So how will President Trump and a Republican controlled Congress affect our wallets. Let’s take a look. #LinkMurrelCPAS #OrangeCountyCPAS #Trump #Taxes http://bit.ly/2fDgiwA

How To Shift Your IRA Into A Roth IRA, And Save On Taxes How do you convert a traditional individual retirement account to a Roth IRA? It is best to consider doing a Roth conversion when your current tax bracket declines temporarily below the bracket you expect to be in when you will need to make withdrawals. #LinkMurrel #OrangeCountyCpas #IRA #RothIRA #Taxes http://bit.ly/2fM3ebw

Workers at Fake Indian Caller Centers Were ‘Posing as IRS Officials and Scamming Americans’ Indian police have arrested 70 people in relation to an alleged call center scam in the city of Mumbai, accusing them of being part of a scheme that conned more than $100,000 a day from U.S. citizens. #LinkMurrel #OrangeCountyCpas #IRS #IRSScam http://ti.me/2dUbUX0

IRS Offshore Account Collections Top $10 Billion, FATCA Hunt Continues The IRS confirms that its offshore compliance efforts have now topped $10 billion. In all 55,800 taxpayers have entered the IRS’s Offshore Voluntary Disclosure Program (OVDP), paying more than $9.9 billion in taxes, interest and penalties. #LinkMurrel #OrangeCountyCpas #IRS #OffShoreAccounts #FATCA http://bit.ly/2f14CGM

Top Social Security Tax Jumps 7% For 2017, But Benefits Rise Just 0.3% The Social Security Administration announced today that more than 65 million recipients will get a 0.3% cost-of-living adjustment (COLA) in 2017, after getting no increase for inflation whatsoever in 2016. #LinkMurrel #OrangeCountyCpas #Taxes #SocialSecurity http://bit.ly/2dDrDwI

IRS Can Audit 3 Or 6 Years, But California Can Audit Forever You may think about the IRS when you think taxes. But if you live or do business in California, we have high individual (13.3%) and business (8.84%) tax rates. Add the state’s notoriously aggressive enforcement and collection activities, and complexity. Rather than adopt federal tax law wholesale, California’s legislators pick and choose. Even California’s tax agencies and tax dispute resolution system is unusual. And when you add California’s unique tax statute of limitations, it can be downright scary. #LinkMurrel #OrangeCountyCpas #IRS #CaliforniaTaxes #Taxes http://bit.ly/2doMr7P

Taxpayers Should Remain Alert As Another Bogus IRS Email Hits Inboxes With all of the media coverage focusing scammers posing as IRS agents by phone, it may be tempting to let your guard down and assume that the scammers are on the run. They are not. They are still making the rounds, trying to trick taxpayers into giving up personal information or sending payments. That means not only bogus calls but also letters and emails. #LinkMurrel #OrangeCountyCpas #Taxpayers #IRS #Fraud http://bit.ly/2e0lDxn

Dozens Arrested In IRS Phone Scam Call Center Raids Dozens of arrests have been made in the phone scams plaguing American taxpayers. Acting on a tip, 70 call center workers were arrested for their alleged roles in tax-related scams following a police raid on call centers outside of Mumbai, India. #LinkMurrel #OrangeCountyCpas #IRS #PhoneScams #Taxpayers #Taxes http://bit.ly/2d39Lgm