Kimberly Hoang, CPA
MANAGER — TAX
Kimberly is a Tax Manager in the tax department at KROST. She has been in the public accounting profession for over 4 years. Her areas of focus include tax planning and compliance for small to medium size businesses – sole proprietorship, partnerships, corporations as well as high net-worth individuals. She is knowledgeable in all areas of taxation including personal, corporate, partnership, trust, estate, and gift taxation. She serves clients in various industries, including but not limited to restaurant, real estate, professional services, and entertainment industries.
Professional Experience
- KROST, Tax Manager (2022 — Present)
- KROST, Tax Senior (2021)
- KROST, Tax Staff (2018 — 2020)
Education
- Bachelor of Arts in Business Administration, Accounting Concentration, Cal State University, Fullerton
Professional Affiliations
- Member of California Institute of Certified Public Accountants (CalCPA)
Kimberly's Thought Leadership

Uncommon Trusts
June 13, 2022In our last article in this series, we covered the different types of trusts that can be established. In this article, we’ll discuss uncommon trusts that can be utilized. Other Trusts That Can Be Established Blind Trust The trustees of a blind trust manage the assets in the trust without the beneficiaries’ knowledge. The beneficiaries Read the full article…

Get Organized with KROST’s Will & Trust Asset Legacy Planner
June 6, 2022Please note the following updates for 2022 Estate and Gift Exclusions: Estates of decedents who passed away during 2022 have a basic exclusion amount of $12,060,000, up from a total of $11,700,000 for estates of decedents who passed away in 2021. The annual exclusion for gifts increases to $16,000 for the calendar year 2022, up Read the full article…

Fiscal Year 2023 Revenue Proposal: How Does the Biden Administration’s Proposal Impact the Real Estate Industry?
May 19, 2022Recently, the Department of Treasury released the General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals. The proposals are built around the Build Back Better Act, passed by the House of Representatives on November 19, 2021, but were stalled in the Senate. If you are in the real estate space, it is important to Read the full article…

Types of Trusts
May 11, 2022In the last article in our series, we covered the benefits a trust offers for creators and beneficiaries. In this article, we’ll dive into more detail about the types of trusts that can be established and the pros and cons. Types of Trusts Revocable Trusts Revocable trusts (living trusts) can be changed or canceled at Read the full article…

Delays Continue – The IRS, the California Franchise Tax Board, and Tax Software
March 10, 2022There are so many tax reporting deadlines and for the past two years, every time we came closer to the next deadline, there was some reason (beyond our control) for delays. Coming into this tax season, we were hopeful that things would be better. With reasons beyond our control, we are expecting more delays. There Read the full article…

AB150 Update – What do I do Now?
February 25, 2022As previously communicated, recent updates to the State and Local Tax (SALT) workaround issued by the State of California, clarified some of the more troubling provisions of this law. This update should allow taxpayers to take advantage of the new deduction opportunity. The election and payment for 2021 are due by March 15th. The deduction Read the full article…

Get Organized with KROST’s Will & Trust Asset Legacy Planner
February 25, 2022Please note the following updates for 2022 Estate and Gift Exclusions: Estates of decedents who passed away during 2022 have a basic exclusion amount of $12,060,000, up from a total of $11,700,000 for estates of decedents who passed away in 2021. The annual exclusion for gifts increases to $16,000 for the calendar year 2022, up Read the full article…

More on the State Tax Deduction Workaround (AB 150)
December 22, 2021Over the weekend, we received clarification regarding a couple of the many unanswered questions regarding the implementation of the State Tax Deduction Workaround. First, we are being advised that a Grantor Trust is eligible to participate in making the election to pay tax on a partnership/LLC or S corporation. Second, since it is unlikely that Read the full article…

Advantages of Trusts for Estate Planning
December 20, 2021In the first article in this series, we covered what a trust is and the type of assets you may transfer to a trust. As a reminder, a trust is a legal agreement between two parties: the trustee and the trustor (sometimes called the settlor or grantor). The trustor is the person who establishes the Read the full article…

Did You Miss Your State Tax Deduction?
December 16, 2021If you are a shareholder of an S Corporation, partner/member of a partnership/LLC, you might be able to get some of your state tax deduction back. As you may remember, the federal Tax Cuts and Jobs Act reduced the amount of the SALT deduction individuals can claim on their federal tax return to $10,000 starting Read the full article…