CONNECT WITH LOU
818.272.8239
[email protected]
Lou Guerrero, CPA, MBT
PRINCIPAL — TAX PRACTICE LEADER
Luis (Lou) Guerrero is Vice President of KROST CPAs & Consultants and is a co-founder of KBKG, Tax Credits, Incentives, and Cost Recovery consulting firm. As the Tax Practice department leader for KROST, Lou is responsible for the overall tax function of the firm and specializes in clients in the financial services sector (hedge funds, money managers, private equity), family office and high net worth individuals, real estate, food service (restaurants and related), technology (including manufacturing and distribution) and professional service firms.
In addition, for KBKG, Lou is responsible for tax-related matters involving a team of engineers and tax professionals that address cost segregation, green energy tax incentives, employment-based tax credits, and other tax-related products.
After earning his undergraduate degree in business administration with an emphasis in finance and economics from California State University, Chico, Lou rounded out his formal education by completing the Accounting Program at the University of California at Santa Barbara and earned his master’s degree in business taxation from Golden Gate University.
Lou is a frequent speaker on cost segregation, 1031 exchanges, and research and development tax credits for his firm’s educational webinars series and for many other organizations, including the California Society of CPAs.
Professional Experience
- KROST, Principal (January 1995 — Present), Tax Practice Leader (2005 — Present)
- KBKG, Principal (1999 — Present), Tax Practice Leader, Research Tax Credits Leader (2012 — Present)
- Deloitte LLP, Senior Tax Manager, Los Angeles (August 1984 — August 1992)
Education
- Master in Business Taxation, Golden Gate University, 1990
- Bachelor of Arts in Economics with Emphasis in Accounting, University of California, Santa Barbara, 1984
- Bachelor of Science in Business Administration, Finance and Economics, California State University, Chico, 1981
Professional Affiliations
- PrimeGlobal — Mid-Tier Tax PLC Chair (2017 — Present)
- PrimeGlobal — Manufacturing & Distribution Group, Co-Chair (2013 — Present)
- Member of California Restaurant Association (1995 — Present)
- Member National Restaurant Association (1995 — Present)
- Member of American Institute of Certified Public Accountants (AICPA) (1986 — Present)
- Member of California Society of Certified Public Accountants (CalCPA) (1986 — Present)
Extracurricular Activities
- Southeast Ventura County YMCA Board Member (2017 — Present)
- Southeast Ventura County YMCA Campaign Committee (June 2017 — Present)
- Southeast Ventura County YMCA Finance Committee (June 2017 — Present)
- Westlake Baseball Association (2001 — 2007)
- Westlake Village Community Park & YMCA Fundraising Committee (2010 — 2013)
- Association of Latino Professionals in Finance and Accounting (1992 — Present)
- Hispanic Professional Roundtable, AAHCPA, Alternate Representative (1990 — 1991)
Pro Bono
- Westlake Baseball Association
- Agoura Baseball Foundation
- NJB Westlake Basketball
Lou's Thought Leadership

Update: IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available
January 18, 2023The Governor’s office announced on January 13, 2023, that California will conform to the filing extensions granted by the Internal Revenue Service (IRS) for California storm victims. This means that filing and payment deadlines for affected individuals and businesses in California are extended to May 15, 2023. On January 10, the IRS announced tax relief Read the full article…

IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available
January 13, 2023On January 10, the Internal Revenue Service (IRS) announced tax relief for California storm victims in most counties (see list of counties below). This tax relief applies to individuals and businesses located in disaster areas. The announcement postpones tax filings and payment deadlines that are due from January 8, 2023, through April 30, 2023, including Read the full article…

Holding a Large Position in One Stock? Know Your Options: Exchange Funds
November 22, 2022Do you have a large position in a publicly held company? Are you concerned about having a concentration risk in your portfolio? If the answer is yes, then you should consider using an Exchange Fund, also known as a swap fund. An Exchange Fund provides the opportunity to diversify your stock holdings without triggering capital 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…

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…

Tax-Saving and Advisory Services for the Real Estate Industry
November 30, 2021The real estate market can be volatile, full of risks and challenges. Real estate professionals should enlist an expert to ensure compliance and navigate the specifics of real estate tax and accounting. At KROST, we provide specialized real estate accounting services to a diverse range of clients in the real estate industry, including developers and Read the full article…

KROST Quarterly Magazine: The Financial Services Issue is Now Available!
February 16, 2021We 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 the full article…

Experience and Knowledge Leads KROST’s Financial Services Industry
October 27, 2020Management 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 the full article…

PPP Loans Can Be Forgiven But At What Expense?
May 1, 2020The IRS released Notice 2020-32, which makes the portion of a PPP loan that is forgiven, not quite as attractive as it originally appeared. Typically, when debt is forgiven, the amount is included in the income of the borrower. The CARES Act specifically addressed this by including Section 1106(i) which states that “Any amount which Read the full article…