Category: BCo Community News

  • 2019-2020 Tax Planning Guide

    With the year rapidly coming to a close soon, we are once again reaching out to share our annual Tax Planning Guide with you. The 2019/2020 Tax Planning Guide is available here www.webtaxguide.net/Bregante. The massive changes brought to us in the Tax Cuts and Jobs Act (TCJA) will continue to effect 2019 and future tax…

  • New Partnership Audit Rules

    New Partnership Audit Rules

    Beginning in 2018, The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) was repealed and replaced with a new partnership audit regime in which taxes and penalties due as a result of a partnership audit are assessed at the partnership level, rather than individually at the partner level. Some small partnerships (100 or fewer…

  • Update on IRS functions during the government shutdown

    Update on IRS functions during the government shutdown

    The IRS has just released an update on what they will and will not be doing during the government shutdown: The IRS will continue to: Process electronic and paper-filed returns (including amended returns) Issue refunds Respond to taxpayer questions Send out automated notices Implement the Tax Cuts and Jobs Act What the IRS will not…

  • Don’t forget to let your CPA know if you have a foreign bank account

    Don’t forget to let your CPA know if you have a foreign bank account

    Did you know that if you have a foreign bank account, or even just signature authority over a foreign account that isn’t in your name, that your CPA should know about it?  While there is no specific tax on having a foreign bank account, the penalty for failure to disclose can range from $10,000 and…

  • New Year, New Leadership!

    New year, new leadership! We’re thrilled to announce David Crouch as our new firm managing partner and Jennifer Ruth as our San Francisco office managing partner. With David and Jennifer joining Jeff Belingheri , managing partner of our Novato office, at the helm, we look forward to a fruitful and prosperous 2019 for BCo and…

  • IRS Alerts Taxpayers about Refund Scam

      The IRS warns taxpayers of a new twist on an old scam.  Criminals are depositing fraudulent refunds into individual’s actual bank accounts, then attempting to reclaim the refund from the taxpayers.  To read more click here: IRS Tax Tip 3.1.18

  • Charitable IRA Distributions

    Charitable IRA Distributions

    A little known but potentially powerful tool for the philanthropically inclined is the “qualifying charitable distribution” (QCD) from an Individual Retirement Account (IRA).  A QCD must be: • From a traditional IRA or Roth IRA • Transferred directly from the IRA Trustee to the charitable organization • Made on or after the IRA owner has…

  • Healthcare Law Online Resources

    With the Affordable Care Act well into establishment, taxpayers have taken an interest in learning about how the Act affects their annual tax return. The Internal Revenue Service (IRS) understands that the abundance of information available to taxpayers online can be overwhelming.  To aid taxpayers in finding accurate information on the Act as well as on…

  • 13th Annual BCo Golf Tournament and Charity Fundraiser for Agape Villages

    13th Annual BCo Golf Tournament and Charity Fundraiser for Agape Villages

    Please join us at our 13th Annual Golf Tournament and Agape Villages Fundraiser on Thursday, October 23, 2014 at Poppy Ridge Golf Course. Tee off at 8:00 a.m. All contributions will be donated to Agape Villages Foster Family Agency. Recommended donations are $130 for single players, $480 for foursomes.  Additional contributions are greatly appreciated! Cart, range balls, box lunch and prizes…

  • The San Francisco Office of Bregante Has Moved

    The San Francisco Office of Bregante Has Moved

    Our San Francisco office is very excited about its new home – the beautiful Bently Reserve located in the heart of the Financial District. Please note the new address: 301 Battery, 2 Mezzanine, San Francisco, CA 94111. Click here for directions and parking information. Our main SF phone number remained unchanged at (415) 777-1001, but our…