Chris Bonacorsi
Principal

Chris Bonacorsi

Chico, CA

3013 Ceres Avenue
Chico, CA 95973

Industry Areas

Service Areas

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

Recent Insights related to Chris Bonacorsi

california-wilfire-disaster-relief

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

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...