KROST Quarterly Magazine: The Financial Services Issue is Now Available!

February 16, 2021By KROST

We are happy to announce the release of our newest quarterly magazine! The Financial Services Issue highlights some of the hot topics in financial services including Section 1244 claims, the Lender Management, LLC case study, research & development, waterfall calculations, IRC Section 1061, and FinTech trends. What You’ll Find Inside this Issue: Section 1244: Claiming … Read More

California Proposition 19: Tax Changes

December 1, 2020By Matthew Weber, CPA, MAcc

California Proposition 19 passed with just over 51% of the vote in the general election on November 3rd and is expected to become law. This new law has two separate effective dates: February 16, 2021 – For beneficiaries of real estate that use the property as a primary residence. April 1, 2021 – For transferring … Read More

Experience and Knowledge Leads KROST’s Financial Services Industry

October 27, 2020By KROST

Management companies of hedge funds, money managers, private equity firms, and their principals have come to our firm to advise on a wide range of accounting and tax services. We are leaders in the financial services industry, focusing on management companies and their investment vehicles. Our team brings experience, knowledge, and a wide range of … Read More

New Capital Gains Treatment for Carried Interests

September 11, 2019By Matthew Weber, CPA, MAcc

Carried interests have allowed investment fund managers to be compensated for services with income that qualifies as long-term capital gains, which is taxed at a lower rate than ordinary income. Numerous efforts have been made during the last two decades to cut back or eliminate the favorable tax treatment of carried interests by taxing all … Read More

The Qualified Small Business Stock Gain Exclusion

August 14, 2019By Matthew Weber, CPA, MAcc

Tax Manager Matthew Weber, CPA, MAcc recently published an article for our newest KROST Quarterly Magazine: The Financial Services Issue titled “The Qualified Small Business Stock Gain Exclusion”. If you sell stock that has appreciated in value, then you must recognize a taxable capital gain. Sounds straightforward, right? While that may be true most of … Read More

KROST Quarterly Magazine: The Financial Services Issue is Now Available!

July 30, 2019By KROST

We are happy to announce the release of our newest quarterly magazine! The Financial Services Issue highlights some of the hot topics in financial services including Sales Tax Nexus, QSBS, Carried Interests, Trader Tax Status, Family Office, and more. What You’ll Find Inside this Issue: The Qualified Small Business Stock Gain Exclusion by Matthew Weber, … Read More

Donor-Advised Funds

December 11, 2018By Matthew Weber, CPA, MAcc

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. A DAF enables a taxpayer to contribute personal assets, including cash, securities, and real estate, to an investment account, in which the assets grow tax-free. The taxpayer receives an … Read More

The Tax Treatment of Cryptocurrency

June 20, 2018By Matthew Weber, CPA, MAcc

We recently published our new KROST Quarterly Magazine which is packed full of articles and insider knowledge focusing on tech topics. Here is an excerpt from the article “The Tax Treatment of Cryptocurrency” by Tax Manager Matthew Weber, CPA, MAcc: “Many taxpayers realized significant gains from the disposition of cryptocurrencies in 2017, and as tax … Read More

Tax Treatment of Cryptocurrency Transactions

February 20, 2018By Matthew Weber, CPA, MAcc

Many taxpayers realized significant gains from the disposition of cryptocurrencies in 2017, and as tax season approaches, these taxpayers must compile accounting reports, review the latest tax guidance, and determine how to correctly report their transactions to the IRS. Coinbase has a new online tax report: In the summer of 2017, the IRS narrowed its … Read More