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Changes to Partnership Audit Procedures – Will this Affect You or Your Business?


By: Amber Stevenson

The IRS has issued proposed regulations (Centralized Partnership Audit Rules, also known as “CPAR”) regarding how audit adjustments related to partnership tax returns will be assessed.  If you own an interest in a partnership or an entity taxed as a partnership, or even if you used to own an interest in one of these types of entities, this could affect you and it’s important to be aware of the changes so you aren’t surprised by a tax bill down the road.


San Jose Business Tax Certificate – Recent Law Change


The City of San Jose has changed the ordinance covering owners of residential and nonresidential rental property located within the City limits. The new ordinance requires owners of one or more rental units to register with the City, obtain a Business Tax Certificate, and pay an annual fee.

The City extended the deadline to register and pay the required tax to December 15, 2017, to allow additional processing time for the increased persons that now are required to register. If the payment of the business tax is made after December 15, 2017, then interest and penalties will accrue retroactive to July 1, 2017.


Distributions from traditional IRAs – what you need to know.

By: Diane Avila

There are three areas where knowing the ins and outs of the traditional IRA distribution rules can make a big difference in how much you and your family will keep after taxes:

  • (1) Early distributions. If you need to take money out of a traditional IRA before age 59-1/2 (e.g., for education expenses for children, to help make a down payment on a new home, or to meet necessary living expenses if you retire early), any distribution to you will be fully taxable (unless nondeductible contributions were made, in which case part of each payout will be tax-free). In addition, distributions before age 59-1/2 may be subject to a 10% penalty tax. However, there are several ways that the penalty tax (but not the regular income tax) can be avoided, including a method that is tailor-made for individuals who retire early and need to draw cash from their traditional IRAs to supplement other income.


I have an office in my home – can I deduct commuting expenses?

By: Amanda Domitrowich

If you maintain your office in your home and your home is your principal place of business, you may be entitled to a special tax break on your commuting costs. Taxpayers can deduct daily costs of travel between their home and another work location in the same business, regardless of whether the other location is regular or temporary. Simply remember to keep adequate records, via a diary or log, of your expenses and mileage during the year and you will be eligible to deduct one or the other at the end of the year.


Tax aspects of a parent entering a nursing home

by Kerstin Adams

Aging is a fact of life. One that some of us would rather not recognize in ourselves. Yet, it is inevitable. What may be even more difficult is seeing our parents’ age and become more dependent on us, their children, and qualified professionals. A nursing home might prove to be the best option. There are several tax aspects of a parent entering into a nursing home.




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Crawford Pimentel
Certified Public Accountants
2150 Trade Zone Blvd. #299
San Jose, CA 95131
Phone: (408) 942-6888
Fax: (408) 942-0194
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