Chris Bonacorsi, CPA

Principal

Chico, CA

3013 Ceres Avenue Chico, CA 95973

Contact Information

eMail

Social Media Information

Chris serves agricultural growers, producers, processors, manufacturers, and other closely-held businesses in the areas of tax planning, tax credits, mergers, liquidations, and reorganizations.

Solving complex tax issues comes naturally to Chris. And he has trained himself to process details differently than most accountants with the intent of seizing opportunities others miss, such as:

  • Enabling an agricultural processor to preserve over $500,000 of working capital through the Interest Charge Domestic International Sales Corporation (IC-DISC).
  • Alerting a grower to the possibility of using the Domestic Production Activities Deduction (DPAD), which saved the grower $50,000 a year. The grower’s prior accountant missed this important benefit.
  • Suggesting an agricultural seed business move real property from one entity to another and apply for special tax deductions. These two adjustments—which a previous firm had not noticed—led to a significant tax savings.

Prior to joining the firm in 1991, Chris spent five years with Arthur Andersen in the Silicon Valley. Chris leverages his career experiences and real-world application of the technical aspects of accounting to deliver a distinct level of wisdom that people understand and can benefit from. As the chairman of K·Coe Isom’s board, he spearheads the firm’s vision to be the leading advisors to the food and agriculture industry.

Education

  • B.S., managerial economics, University of California, Davis

Credentials

  • Certified Public Accountant (CPA), licensed in California

Professional Associations

  • American Institute of Certified Public Accountants
  • California Society of Certified Public Accountants
  • North Valley Estate Planning Council
  • Western Agricultural Processors Association

Civic Associations

  • Boys & Girls Club, Board Emeritus
  • Farm Credit Services of Colusa-Glenn, Board Member
  • Leadership Chico Steering Committee Member

Mentions and articles by Chris

california-wilfire-disaster-relief

How to Help California Fire Victims

K·Coe Editoral | November 12, 2018

Camp Fire, now the most destructive wildfire in the history of California, has desecrated an insurmountable number of people’s lives, families, friends, homes, and livelihoods.  In addition, two more wildfires in Southern California are displacing residents and businesses. As K·Coe […]

california-wilfire-disaster-relief

In Wake of Disaster, How to Minimize Taxes on Insurance Proceeds

K·Coe Editoral | August 2, 2018

How to Treat Insurance Casualty Gains As fires rage and rampage through large areas of California, the destruction of residences, outbuildings, and commercial buildings has been widespread. K·Coe Isom has been fielding questions and concerns from many of our clients […]

Feed Storage

The Tax Buzz Around Co-ops

K·Coe Editorial | January 11, 2018

Ag Commodities and Producers Be Warned: New Tax Provision Gives Co-ops Significant Advantages, Leaving Many Ag Operations Vulnerable K·Coe Isom is raising awareness among ag commodities and producers of the potential impact on their businesses as a result of a […]