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    Simplifying the complex.

    Since 1939, our firm has assisted thousands of businesses and individuals reach their financial goals.
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    Pasadena, CA 91101

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    Woodland Hills, CA 91367

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    Featured Insights

    Employees vs. Independent Contractors – Combatting Worker Misclassification in California

    Employees vs. Independent Contractors – Combatting Worker Misclassification in California

    December 5, 2023
    Cashflow Strategies for the Sports & Entertainment Industry

    Cashflow Strategies for the Sports & Entertainment Industry

    November 22, 2023
    Happy Thanksgiving

    Happy Thanksgiving from KROST

    November 22, 2023
    Navigating Tax Compliance The Significance of Form W-9 and Best Practices

    Navigating Tax Compliance: The Significance of Form W-9 and Best Practices

    November 21, 2023
    KROST is Paneling at the CalCPA Mt. SAC Accounting Conference

    KROST is Paneling at the CalCPA Los Angeles & Inland Empire Mt. SAC Accounting Conference

    November 17, 2023
    Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2023

    Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2023

    November 10, 2023

    Employees vs. Independent Contractors – Combatting Worker Misclassification in California

    December 5, 2023

    Cashflow Strategies for the Sports & Entertainment Industry

    November 22, 2023

    Happy Thanksgiving from KROST

    November 22, 2023

    Navigating Tax Compliance: The Significance of Form W-9 and Best Practices

    November 21, 2023

    KROST is Paneling at the CalCPA Los Angeles & Inland Empire Mt. SAC Accounting Conference

    November 17, 2023

    Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2023

    November 10, 2023
  • Insights
REQUEST PROPOSAL

Portability Election

Window to Make Portability Election is Extended to Five Years

July 29, 2022By So Sum Lee
Window to Make Portability Election is Extended to Five Years

Since lifetime gift exemption has drastically increased by the Tax Cuts and Jobs Act (TCJA), which went

Meet Our Experts

Richard RICHARD UMANOFF, CPA, MBA Principal - Estate & Gift, Trust & Probate Button with arrow Richard Umanoff Doug DOUGLAS A. VENTURELLI, ESQ. Principal - Estate & Gift, Trust & Probate Button with arrow Douglas Venturelli Greg GREGORY A. KNISS, CPA Chairperson Button with arrow Greg Kniss Jason JASON C. MELILLO, CPA CEO Button with arrow Jason Melillo Lou LOU GUERRERO, CPA, MBT Principal - Tax Practice Leader Button with arrow Lou Guerrero So Sum SO SUM LEE, CPA Principal - Tax Button with arrow So Sum Lee Grant GRANT MILLER, CPA, EA Principal - Tax Button with arrow Grant Miller Aric ARIC WONG, CPA, MBT Director - Tax Button with arrow Aric Wong Kimberly KIMBERLY HOANG, CPA Manager - Tax Button with arrow Kimberly Hoang
CONTACT US

If you have questions regarding our estate & gift, trust and probate services, schedule a call today.

Recent E&T News

  • Utilizing Charitable Remainder Trusts to Meet Income & Philanthropic Goals
  • Protecting Your Assets and Legacy: Estate & Trust Management in Sports and Entertainment
  • California Changes Tax Legislation for Incomplete Non-Grantor Trusts
  • Get Organized with KROST’s Will & Trust Asset Legacy Planner
  • Take Advantage of Lifetime Exclusion While You Can

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Accountants | Assurance & Advisory | Consultants | CPAs – KROST CPAs & Consultants is a certified public accounting and consulting firm focused on serving companies across Southern California (CA) with offices in Pasadena, Woodland Hills, and West LA. Since 1939, KROST has assisted businesses and individuals reach their financial goals through their in-depth knowledge of Tax, Accounting, Client Accounting Services (CAS), Assurance and Advisory, Fund Admin Solutions, KROST Business Intelligence (KBI), M&A, Wealth Management, and Consulting Services. KROST also provides specialty tax services such as Cost Segregation studies, R&D tax credits, Green Building Tax Incentives, Repair vs. Capitalization, Fixed Asset, IC-DISC, and more. For additional information contact us at 626-449-4225.