MCKAY & CARNAHAN, INC.
Certified Public Accountants
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McKay & Carnahan, Inc. is a professional CPA firm located in Newport Beach, CA. Our Certified Public Accountants and professional staff members are dedicated to providing you with the highest quality of professional service. McKay & Carnahan, Inc. proudly promotes learning and keeping up with the world of accounting and have built an impressive library of resources over the years. This website has been designed to double as a helpful resource tool for you as well.





Filing season opens, IRS budget cuts may impair taxpayer services
The 2015 filing season is now underway and the IRS, taxpayers and tax professionals are expecting some challenges. In addition to the huge number of returns the IRS must process, the agency also must ...
Obama’s 2015 Tax Proposals Offer Help for Middle Class Families
President Obama and the White House unveiled Obama’s tax program for 2015, with proposals designed to help middle class families. The proposals include providing a new $500 credit for two-earner...
More information coming to help taxpayers with ACA requirements
The IRS and the U.S. Department of Health and Human Services (HHS) are planning outreach efforts during filing season to remind taxpayers about new requirements under the Affordable Care Act. These pr...
How Do I? Compute a late payment penalty
The tax code imposes a penalty on taxes that are paid after the due date (generally April 15). Taxpayers may wonder whether to save, to pay their taxes on time and avoid the penalty, or delay payment ...
FAQs: How are qualified longevity annuity contracts reported?
The required minimum distribution (RMD) rules require participants to start taking distributions when they turn age 70½. Treasury and the IRS have developed a new concept to enable retirees to ...
February 2015 tax compliance calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals...