North Bay Business Journal

  • Two-year window in estate-tax increase good time to plan

    September 19th, 2011

    NORTH BAY – Estate tax and law experts are telling clients that the time to plan is now, while there is some clarity on a long-contentious issue that could easily change again in the not-so-distant future.

  • Big benefit in loss deductions

    February 8th, 2010

    NORTH BAY – With tax season upon us, it is time to think about this year’s filings as well as how to take advantage of opportunities for 2011, tax experts say.

  • IRS audits winery inventory accounting

    July 19th, 2009

    NORTH BAY – More than 30 wineries mostly in Napa and Sonoma counties have been targeted in a wave of IRS audits of common inventory accounting methods in the industry for three decades.
    IRS auditors are claiming that some wineries are defining their inventory pool “items” under the dollar-value last-in, first-out (LIFO) cost-flow assumption too broadly, resulting in an inaccurate internal inflation index for a given vintner and a “distorted” reflection of income to be taxed, according to a nationally known wine accounting expert.

Site Index

Industry News
Events
Mobile

Tags