Client Spotlight: Mamal Moinpour

February 20, 2019By Jonathan Louie

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled Client Spotlight: Mamal Moinpour by Jonathan Louie, CPA. Recently, we had the opportunity to interview one of our tax clients, Mamal Moinpour, who owns real estate in the Greater Los Angeles and across the U.S. He is … Read More

Loan Out Corporations – To be or not to be?

February 27, 2018By Jonathan Louie

With the passing of the Tax Cuts and Jobs Act of 2017, many actors, writers, directors, and other professionals in the entertainment industry will likely see their taxes increase beginning in 2018. The entertainment professionals who earn wages are being hit the hardest because employee business deductions will no longer be allowed in 2018 going … Read More

Charitable Contribution Substantiation Requirements

March 15, 2017By Jonathan Louie

Over the past few years, Americans have collectively donated more than $350 billion to charity with much of those donations coming from individuals. While charitable giving offers a chance to make a difference, there are also tax benefits associated with this philanthropic activity; however, the IRS may require substantiation for the charitable contributions depending on … Read More

Charitable Contributions and Required Documentation

February 22, 2016By Jonathan Louie

Substantiation may be required when making charitable contributions and the requirements depend on the nature of the donation. If the contribution is $250 or more, you will need a written receipt from the charity. If you donate property valued at more than $500, additional requirements apply. Here are the details: General rules. For a contribution … Read More