BA Harris LLP

Gain Exclusion on Sale of Personal Residence

Published on Tuesday, July 23, 2019


Best of the Treasure Valley?

Published on Wednesday, July 17, 2019

The Idaho Statesman is currently running their annual Best of Treasury Valley poll. BA Harris is proud to be included in the Best Accounting Firm category and we would love the support of our loyal clients in being named The Best. Voting is only open until July 21st, so if you have a spare minute or two, you can click on this link to submit a vote.

We appreciate your time and continued support!

Second Quarter Estimated Tax Payments

Published on Thursday, June 06, 2019


​ Idaho’s Education Tax Credit- Not just for schools!

Published on Wednesday, May 29, 2019

The primary focus of any charitable donation will always be that your money is going towards a good cause that positively enhances our community, but it never hurts to be aware of the benefits that it may provide come tax time! The state of Idaho offers an Educational Tax Credit for any cash donations made to qualified Idaho Educational entities of 50% of the amount donated, up to $500 per tax payer ($1,000 on a joint return). This means that an Idaho couple may receive a credit of up to $1,000 for $2,000 worth of donations during the year.

Many of our clients are aware that cash contributions made to Idaho schools and their respective athletic programs qualify for the credit (less the fair market value of anything received in return for their donation), but many are surprised to learn that there are several other entities they may donate to which are deemed to be qualified entities as well. In fact, some of the qualifying entities aren’t even mentioned in the instructions of the Idaho Form 39R where the credit is recorded, but remain eligible nonetheless. Some of the more popular organizations include the Boise Zoo, public libraries, public or private non-profit museums, public radio, as well as botanical gardens. Please be aware that this credit only applies to cash contributions made to educational entities, so donations of goods do not qualify.

So, if you are feeling charitable, keep in mind there are a number of educational options available throughout the state outside of schools and their sports teams (although the University of Idaho football program could always use your support. Go Vandals!).

If you have any questions please let us know.

Aaron Lavarias, CPA


Summer Hours

Published on Monday, May 20, 2019

From Memorial Day Weekend to Labor Day Weekend we will be reverting to our summer hours of 8-5 on Monday-Thursday and 8-noon on Friday. Let us know if you have any questions. Read More...