Podcasts about bonus depreciation

This episode is sponsored by…BLUPRINT HOME LOANS:Get pre-approved with one of RTR's preferred lenders at https://bluprinthomeloans.com/renttoretirement/ REALSOURCE RESIDENTIAL:Invest in multifamily opportunities in the best markets! https://realsourceresidential.com/rtrIn this must-watch episode of the Rent To Retirement podcast, hosts Adam Schroeder and Zach Lemaster break down the real estate trends, loan strategies, and major tax advantages that savvy investors need to know about in 2025.

This episode is sponsored by…BLUPRINT HOME LOANS:Get pre-approved with one of RTR's preferred lenders at https://bluprinthomeloans.com/renttoretirement/ REALSOURCE RESIDENTIAL:Invest in multifamily opportunities in the best markets! https://realsourceresidential.com/rtrIn this must-watch episode of the Rent To Retirement podcast, hosts Adam Schroeder and Zach Lemaster break down the real estate trends, loan strategies, and major tax advantages that savvy investors need to know about in 2025.

Expert Tax Strategist Karlton Dennis @karltondennis breaks down advanced write-off strategies, IRS audit protection, Trump's latest tax updates and potential tax cuts, crypto & bitcoin taxes, depreciation, and more! Karlton also reacts to some of the best and worst tax advise on the internet including responding to Jasmine DiLucci's tough criticism of him. Check out Karlton's channel: @karltondennis Want a Free Tax Strategy Review? Book a Call Here: https://betterwealth.com Chapters00:00 Intro00:10 Understanding Tax Preparation vs. Tax Planning03:03 Tax Cuts and Jobs Act06:01 Bonus Depreciation and Its Implications08:17 Evaluating Trump's First 100 Days16:16 Navigating Deductions and Credits18:41 The Importance of Tax Strategy25:36 Difference of Tax Preparation and Tax Planning27:28 Exploring Tax Credits28:50 R&D Tax Credits and Their Benefits35:00 Tax Strategies37:32 Cryptocurrency Taxation Insights40:16 Future of Cryptocurrency43:06 Government Regulation and Cryptocurrency44:06 Reacting to Viral Tax Videos51:07 Basic Tax Strategies for Young Investors56:31 Debate on 401(k) and Tax Deferral Strategies01:00:03 Responding to Jasmine DiLucci's Strong Reaction to KarltonDISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

It's tax day, but some of the important policies that are helping your farm maintain profitability are in jeopardy if the Tax Cuts and Jobs Act of 2017 is allowed to expire this year. Provisions like the Qualified Business Income Deduction, 100% Bonus Depreciation, and the increased Estate Tax Exemption are critically important to producers across the country. So in this episode, we're talking with two of NCGA's foremost experts about how these policies benefit farmers… and what we can do to preserve them. Andy Jobman is a farmer from Gothenburg, Nebraska, and chairs NCGA's Risk Management Action Team, which has been researching the effects of the Tax Cuts and Jobs Act at the farm gate and building up our case to preserve it. And Wayne Stoskopf is NCGA's Director of Public Policy, serving as the D.C. staff liaison for all matters involving tax policy. Together, they'll explain why farmers can't afford to lose these tax protections, what it means for rural communities, and why it's critical for growers to contact their legislators about this issue.

Join Jake and Gino as they dive deep into the Pantheon Holistic Wealth Strategy with special guest Dave Wolcott—Marine Corps veteran, wealth architect, and founder of Pantheon Investments. This episode explores the mindset of the ultra-wealthy, tax-advantaged investing, infinite banking, virtual family offices, and the power of building legacy wealth intentionally. If you're tired of chasing dollars and want to learn how to truly multiply your time, capital, and impact—this episode is your blueprint.Grab Dave's book for FREE: https://www.holisticwealthstrategy.com Chapters:00:00 - Introduction  01:20 - What Defines the Ultra Wealthy  06:19 - Dave's Origin Story: From Marines to Multiplying Wealth  09:55 - Traditional Financial Planning vs. Strategic Wealth Building  15:52 - Taxes as an Opportunity, Not a Burden  29:28 - The Private Markets vs. Blue-Chip Stocks  38:29 - Refi and Roll: Jake & Gino's Real-Life Experience  48:07 - Gino Wraps it Up We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

Discover how the proposed Trump 2025 tax cuts—the largest in U.S. history—could impact cash flow, drive long-term growth, and safeguard capital for commercial real estate investors.

We'd love to hear from you. What are your thoughts and questions?In this episode of Streams to Impact, Dr. Allen Lomax interviews Brian Kiczula, an expert in cost segregation and depreciation acceleration. Brian shares his journey from the mortgage industry to specializing in cost segregation, explaining how it helps real estate investors maximize cash flow through strategic tax deductions. The conversation covers the intricacies of cost segregation, including what properties qualify, the benefits and drawbacks, and the importance of understanding IRS guidelines. Brian also discusses bonus depreciation and the potential for lookback studies, emphasizing the need for investors to consult with their tax advisors to make informed decisions.Main Points:Cost segregation allows for accelerated depreciation on real estate assets.Investors can benefit from understanding the components of their properties.Not all improvements are depreciable; proper classification is key.Bonus depreciation can significantly impact investment decisions.Lookback studies can help recover missed depreciation from prior years.Consulting with a CPA is crucial for maximizing tax benefits.Cost segregation studies can be beneficial for both small and large property owners.Understanding the timeline of property ownership is important for tax strategy.Investors should be proactive in seeking cost segregation benefits.The landscape of tax laws can change, impacting depreciation strategies.Connect with Brian Kiczula:brian@costsegrx.comhttps://www.realestateexplainer.com

This episode is sponsored by…NCH:Set up an LLC to protect your investments! – https://nchinc.com/rtrIMN: Meet up with the RTR team at the Build to Rent Conference in Nashville at informaconnect.com/build-to-rent-east and use code REU2267RTR for 15% off.

In this episode: The potential impact of Qualified Business Income Deductions (QBI) expiring at the end of 2025. Bonus Depreciation may be restored up to 100%. More details emerge, clarifying the State of Delaware Paid Leave Program. In ins and outs of writing off vehicles for business use. The penalities for not complying to the Corporate Transparency Act by March 21, 2025 have been lifted. 

This episode is sponsored by…NCH:Set up an LLC to protect your investments! – https://nchinc.com/rtrIMN: Meet up with the RTR team at the Build to Rent Conference in Nashville at informaconnect.com/build-to-rent-east and use code REU2267RTR for 15% off.

What's Working Best Now: Fund Managers Reveal Their Top Capital Raising StrategiesIn this powerhouse episode of the Hero Capital Raising Show, host Tim Mai sits down with a panel of elite fund managers to uncover the strategies that are delivering the highest returns in today's market. Jennifer Simeon (HERO Wealth Fund), Maria Zonnevin (Blue Viking Capital), JC Hearn (JCH Equity), and Shirley Xu share their hard-won insights on syndications vs. funds, negotiating high-yield deals, and scaling investor capital with strategic partnerships. From navigating tax benefits and bonus depreciation to leveraging SPVs for greater returns, this conversation is packed with expert knowledge you won't find anywhere else. Tune in now and discover what's working best in capital raising today!Five key takeaways from the podcast episode:1. The Power of Funds Over SyndicationsFund managers like Maria Zonnevin and Jennifer Simeon highlighted the advantages of pooling investor capital into funds rather than syndications. By doing so, they negotiate better terms, secure higher returns, and minimize individual investor risk while gaining access to institutional-level deals.2. Relationships Drive Capital Raising SuccessJC Hearn and Shirley Xu emphasized that capital raising is a long-term relationship game. Investors take time to build trust, and fund managers who consistently provide value, education, and personalized engagement are the ones who successfully raise funds year after year.3. Diversification & Investor Preferences Shape Deal FlowFund managers adapt their strategies based on investor needs. Maria Zonnevin shared how she polls her investors annually to align deal structures with their goals—whether they seek short-term liquidity, long-term appreciation, or tax advantages.4. The Due Diligence That Separates Winning Deals from Risky BetsJC Hearn, a CCIM-certified real estate professional, walked through his rigorous underwriting process, including analyzing market demand, asset class profitability, and operator experience. The panelists reinforced the importance of vetting sponsors and structuring deals with investor protection in mind.5. Bonus Depreciation & Tax Strategies Still Matter in 2025While bonus depreciation is phasing down (60% in 2024, 40% in 2025), Jennifer Simeon reassured investors that strategic tax planning remains essential. Investors can still benefit from cost segregation studies, depreciation advantages, and fund structures designed to optimize tax efficiency.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

What is the future of Real Estate taxes? The 2017 Trump Tax Cuts brought significant benefits to real estate investors, but many of those provisions are set to expire soon—potentially leading to higher taxes across the board. With Congress facing a major decision, will these tax breaks be extended, or is a tax hike on the horizon? In this episode of The Real Wealth Show, host Kathy Fettke is joined by CPA and real estate investor Brandon Hall to break down the most critical tax changes that could impact investors. They'll cover key deductions like Bonus Depreciation, Cost Segregation, and the Qualified Income Deduction, as well as shifts in SALT caps, the Estate Tax Exemption, and the Child Care Tax Credit. What's at stake for investors? When will Congress decide? And most importantly, how can you prepare? Tune in for expert insights that could save you thousands! LINKS: OUR GUEST Brandon Hall:  LinkedIn: https://www.linkedin.com/in/brandonhallcpa/ Website: www.therealestatecpa.com JOIN RealWealth® FOR FREE  https://tinyurl.com/joinrws1036 FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe READ BOOKS BY RealWealth® FOUNDERS The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals Scaling Smart by Rich & Kathy Fettke: https://tinyurl.com/scalingsmart DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com  

Most people invest in real estate for cash flow or appreciation, but there are enormous tax benefits as well. In this episode, we're going to share the number one tax strategy you need to know about—the short-term rental tax loophole—which could save you thousands! Welcome back to the Real Estate Rookie podcast! Today, we're joined by Sean Graham, who is not only a certified public accountant (CPA) but also a fellow real estate investor. He's going to show YOU how to avoid paying Uncle Sam (legally) with just a few savvy tax strategies. The best part? You don't need to be a big-time investor with a large real estate portfolio to take advantage of these benefits. Even if you have just ONE rental, these strategies are for you! First, Sean will share the ins and outs of the cost segregation study, which allows you to frontload depreciation rather than spreading it out over the next few decades. He'll also get into bonus depreciation and the different line items that qualify, as well as the tax “loophole” that allows you to use tax deductions to offset active income—yes, including your W2 wages! In This Episode We Cover: Offsetting active income (and saving thousands) with the short-term rental loophole How to avoid paying taxes (legally!) on your rental property Cost segregation studies explained (and when you should get one) How to retroactively claim depreciation through a “look-back” study Why you can have as little as ZERO taxable income and still be lendable And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Cost Segregation 101 Get Early Access to Real Estate's Biggest Event of the Year, BPCON2025 Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Download the Cost Segregation 101 Resource Buy “The Book on Tax Strategies for the Savvy Real Estate Investor” Find Investor-Friendly Lenders Connect with Sean (00:00) Intro (00:36) What Is Cost Segregation? (06:33) Short-Term Rental Loophole (13:10) Other Strategies & Pitfalls (20:21) Bonus Depreciation 101 (25:24) How to Do a Cost Seg Study (28:05) Cost Segregation Study (33:28) Connect with Sean! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-521 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Enjoy this conversation about saving taxes through real estate by doing a cost segregation study. Connect with Erik:https://www.linkedin.com/in/erik-oliver-b800657/https://costsegauthority.com/Click to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

In this episode of the Growth Enablement Madness podcast, host Jim Ward sits down with Craig Eaton, a CPA and founder of Eaton Advisory Group, to discuss the powerful tax-saving benefits of Section 179. As businesses look to invest in software, equipment, and other capital assets to support their growth, understanding how to leverage Section 179 can provide significant financial advantages.Key takeaways include:Overview of Section 179 Deduction: Section 179 allows businesses to deduct the full cost of qualifying equipment and software purchases in the year of purchase, rather than depreciating the asset over time.Benefits of Section 179: Immediate tax deduction, resulting in significant tax savings, especially for businesses in higher tax brackets. The deduction can be applied to a wide range of business purchases, including software, equipment, and vehicles.Qualifying Criteria: There are specific requirements and limitations around the types of purchases that qualify for the Section 179 deduction, such as purchase price thresholds and asset class restrictions.Timing Considerations: Businesses should consider their current and future tax situations when deciding whether to utilize the Section 179 deduction, as it can be strategically timed to maximize tax savings.Bonus Depreciation vs. Section 179: The differences between these two tax incentives, including the election process and the phasing out of bonus depreciation in the coming years.Advice for First-Time Users: Consult with a CPA to ensure proper planning and analysis of the tax implications, as well as understanding the nuances and limitations of the Section 179 deduction.RELATED LINKSLearn more about Section 179 here.Learn more on the IRS website.Follow Craig on LinkedIn!

✅ To get started on your path to save thousands in taxes this year, schedule a free consultation with our team Book A Call Here

Welcome back to another exciting episode of the Passive Income Pilots! Today, Tait and Ryan dive into the world of aircraft ownership, tax advantages, and leaseback strategies with guest Luke Lysen from The Flight Academy and Aerista. They explore how pilots and high-income earners can purchase an aircraft, rent it out to a flight school, and leverage tax benefits to offset costs, turning a passion for flying into a financially viable investment. If you've ever dreamt of owning an aircraft or are curious about the tax strategies that make it feasible, this episode is for you!Luke Lysen is the president of The Flight Academy, a boutique flight school specializing in Cirrus aircraft, and Cirrus SF50 Jet Sales Director at Aerista. With decades of experience in general aviation, Luke helps clients purchase, lease, and manage their aircraft while navigating the complexities of ownership and maximizing tax advantages. His hands-on approach and expertise in Cirrus aircraft make him a trusted advisor for pilots and aviation enthusiasts.Enjoy the show!Show notes:(0:00) Intro(2:00) Leaseback concept explained(9:28) The joys of general aviation(12:40) Leaseback program details(15:03) Bonus depreciation benefits(21:17) Reducing taxable income with aircraft(32:36) Aircraft financing options(42:12) Buying a Cirrus: timeline and process(46:06) How to connect with Luke(46:20) OutroConnect with Luke:Website: http://www.theflightacademy.com/ Website 2: http://www.aerista.com LinkedIn: https://www.linkedin.com/in/luke-lysen-90a5085a Instagram: https://www.instagram.com/cirruslifepilot/

Learn how to make more money this next tax season using these real estate tax strategies!In this video, Justin Cramer shares his expert real estate tax strategies, including how to maximize tax savings with bonus depreciation, section 1250 property, and other tax planning tips.Learn how to save money on taxes, reduce your tax bill, and keep more of your income using proven real estate tax deductions. Watch now to unlock tax hacks that will increase your wealth without selling more properties!Be sure to subscribe for more real estate videos and more! Interested in working with Justin? Check out his website for more ⬇️https://sovereignfamilyoffice.co/contact-us/

Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/In this week's podcast, we dissect the Q3 2024 report, exploring key changes and maintaining cautious optimism about the anticipated interest rate cuts come September. We delve into the recent shake-up in the solo 401k provider landscape, highlighting alternatives with checkbook control for greater investment flexibility. Economic updates suggest a promising outlook, with accelerating growth forecasted for 2025. Despite near-term challenges, opportunities arise as commercial real estate prices drop 20-30% nationwide. We also reflect on bonus depreciation legislation and its impact on investment strategies. Real-world success stories from our portfolio exemplify strategic timing and market adaptation. With significant commercial asset corrections, now might be an unprecedented entry point for new investments. Furthermore, we emphasize diversification over multiple years to mitigate risk. The episode wraps up with highlights of significant market movements, including institutional buyers making strategic acquisitions, underscoring the importance of being proactive in today's fluctuating market environment. Join us for an in-depth analysis and strategic insights to help you navigate this dynamic investment landscape.00:00 Introduction and Q3 Report Overview00:25 Solo 401k Provider Shakeup02:56 Economic Outlook and Investment Opportunities04:11 Bonus Depreciation and Tax Strategies05:43 Upcoming Deals and Events06:54 Market Trends and Predictions13:24 Interest Rates and Real Estate Prices16:37 Inflation and Economic Indicators20:54 Commercial Real Estate Insights34:03 Market Cycles and Investment Opportunities34:52 Understanding Cap Rates and Property Valuation36:28 Navigating Value Add Projects36:57 The Importance of Reversion Cap Rates39:48 Sensitivity Analysis and Lending Terms41:20 Current Market Conditions and Investment Strategies46:20 Blackstone's Market Moves52:54 The Case for Diversification and Alternative Investments55:40 Personal Reflections and New Ventures59:07 Final Thoughts and Community Engagement Hosted on Acast. See acast.com/privacy for more information.

Do you hear about doctors paying $0 in taxes, but then they talk about cost segregation, bonus depreciation and your eyes glaze over? You're not alone!  Join us as we decode complex tax strategies with industry expert Kim Lochridge, a big-league tax expert for Fortune 500 and ultra high net worth individuals. We'll dive into: How Cost Segregation and Bonus Depreciation work Will 100% bonus depreciation come back?What to do when  bonus depreciation goes away - how you can still use Cost segregation to your benefit Don't miss out—tune and unlock secrets to maximizing tax benefits!Check out our latest deal, Villas at Sundance 252-unit, 2012 built Class A Core Plus asset 5.7% Fixed Rate | 18-22% ARR in the Austin- San Antonio hyper growth corridor and the best part is Every GW investor gets Reserve Class Preferred returns! https://www.generationalwealthmd.com/austin So enjoy, and please consider subscribing and liking the episode! This helps me support more people -- just like you -- to accelerate to financial freedom and move toward the life they desire.

If you're considering buying a private jet, today's episode is a MUST-watch. ✈️We had the experts from Aviation Tax Consultants on board, discussing what you need to know before purchasing a private jet. They're here to provide future jet owners with information that will save them from headaches (and of course, save money as well

In this informative episode, host Vinki Loomba welcomes Erik Oliver from Cost Segregation Authority, bringing to the table a wealth of knowledge on tax strategies and cost segregation benefits for real estate investors. Together, they dissect the intricacies of real estate taxes, cost segregation, and effective tax planning strategies that can lead to significant financial success for real estate owners.In this episode, Vinki and Erik explore:✅ An Overview of Real Estate Taxes and Their Impact✅ The Essence and Benefits of Cost Segregation✅ Key Tax Planning Strategies for Real Estate Investors✅ Understanding Opportunity Zones and 1031 Exchanges✅ The Role of Cost Segregation in Maximizing Tax Savings✅ The Dynamics of Bonus Depreciation and Its Phasing Out✅ Strategies for Mitigating Tax Liabilities through Depreciation Recapture✅ Insights into Tax Treatment for Various Types of Properties✅ The Importance of Working with a Real Estate Savvy CPAErik Oliver shares his expert insights on how real estate investors can uncover savings and understand the perks of cost segregation. He sheds light on mastering real estate taxes as a guide to financial success. He emphasizes the importance of adopting a strategic approach to tax planning, leveraging cost segregation studies, and understanding the nuances of bonus depreciation to optimize tax positions.The discussion delves deep into the mechanisms of cost segregation, highlighting its role in accelerating depreciation, the conditions under which it proves most beneficial, and its significance in the broader spectrum of tax planning and financial strategy for commercial real estate owners.Whether you're a seasoned real estate investor or new to the field, this episode offers valuable insights into the world of real estate taxes, cost segregation, and strategic tax planning to enhance your financial success and portfolio growth.Contact Erik Oliver -https://www.linkedin.com/in/erik-oliver-b800657/▶️ Show Your Love:If you found this episode valuable, we'd greatly appreciate your support! Leave us a five-star rating, and share your thoughts in the comments. Don't forget to like, share, and subscribe to ensure you never miss an episode of The Real Estate Vibe podcast.Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvesthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting

Depreciation can be a confusing concept, but it's incredibly important to understand, especially for commercial vehicles. Knowing how depreciation works puts you in control of your expenses and can lead to significant tax savings. Join us as we break down commercial vehicle depreciation – from calculation methods to maximizing tax benefits. We'll answer your frequently asked questions and provide practical tips for making depreciation work for your business and your bottom line. Show Notes No need to take notes! We already did here: https://www.mylittlesalesman.com/news/commercial-vehicle-depreciation What is Commercial Vehicle Depreciation? Definition of depreciation and its significance in business accounting How depreciation impacts a vehicle's value over time Calculating Commercial Vehicle Depreciation Factors to consider: vehicle cost, useful life, salvage value, business use percentage Methods of calculations: Straight-Line, Declining Balance, Bonus Depreciation, Section 179 Deduction Tax Implications of Depreciation How depreciation lowers taxable income IRS deduction limits and updates Strategies for Maximizing Depreciation Benefits Utilizing MACRS Cost segregation studies Importance of accurate record-keeping Frequently Asked Questions (FAQs) How many years do you depreciate a business car? Can you fully depreciate a 6000 lb vehicle in one year? How much do commercial trucks depreciate each year? Disclaimer: This podcast is for informational purposes only and should not be considered tax or financial advice. Always consult a qualified professional for specific guidance on your situation. --- Send in a voice message: https://podcasters.spotify.com/pod/show/buying-bigger-better/message

In this episode, Jonny breaks down a key component of passive investing, BONUS DEPRECIATION. He covers the laws and legislation around bonus depreciation. He answers questions such as:What is bonus depreciation?How is it derived?How is it used?What it means for investors moving forwardIf you've been wanting to understand bonus depreciation and how it affects your investments, this is the episode for you.Disclaimer: Jonny is not a CPA, attorney, or advisor. This episode is not in anyway tax advice. The information in this podcast is for educational purposes only.Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0A

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses important things to be aware of as we approach the 2024 tax year. With recent changes to the tax law and ongoing efforts by the government to generate revenue and incentivize economic investment, it's crucial for real estate investors to stay informed. Chris highlights the proactive planning and strong client relationships offered by Better Books Accounting, a real estate tax planning firm. He emphasizes the importance of working with professionals to navigate the complexities of real estate tax and maximize savings. Tune in to learn about the latest tax changes and how they could impact your real estate business. [00:00:00] Introduction and Overview [00:02:14] Corporate Transparency Act [00:05:10] Changes in Bonus Depreciation [00:10:04] Tax Deadlines and Extensions [00:12:19] Importance of Working with a Tax Planner ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team or fill out a contact request form ➤➤ https://www.betterbooksaccounting.co/contact   ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/  LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/  Instagram: https://www.instagram.com/chrismccormackcpa/   → → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksREI/featured The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. #2024TaxPlanning #CorporateTransparencyAct #BonusDepreciation #ProactivePlanning #BuildingRelationships #TaxChanges #IRSCode #TaxPreparation #RealEstateInvestmentTips #RealEstateTaxProfessionals #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

In this episode: An overview of what the government may have on the horizon for 2024 for the Research and Development Credit, Bonus Depreciation, and interest deductions. The IRS continues to fight false Employee Retention Tax Credit claims. An explanation of Section 1202 of the Tax Code. A look into tax credits for builders of energy efficient homes. The tax rules for vacation home rentals. We also hear from Quintin Richardson, the owner/operator of Legacy Fit 302, LLC.  Quintin talks to us about taking the leap from idea to business model, the joy helping others brings to him, how to juggle being a dad of (almost) 2 with his business goals, and how he helps his clients realize their fitness potential.  Find him on his website at https://legacyfit302.com/ or on Facebook at https://www.facebook.com/Trainupersonaltraining/about

Discover the game-changing benefits of cost segregation in real estate investing in this episode. We delve into the powerful strategy that allows you to accelerate depreciation, optimize tax advantages, and enhance cash flow. Tune in to learn how cost segregation can significantly impact your investment returns and why it's a crucial tool for savvy real estate investors aiming for financial success.Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. In this Episode, Vinki & Yonah chat about⁠:- What is Cost Segregation is and how does it benefit real estate investors? - Bonus Depreciation. - Tax Strategies. - Time to conduct a cost segregation study. - Concept of "Placed in Service".- Misconceptions or Myths surrounding Cost Segregation.Contact Yonah: https://www.linkedin.com/in/cost-segregation-yonah-weiss/

In this episode: New mandate requires some 1099s and W-2s to be e-filed in 2024. Home office depreciation may impact tax on home sales. Home interest deduction rules reviewed. Bonus depreciation changes may impact tax planning strategies.    We also hear the story of Anthony Gignac, who portrayed himself as being a Saudi Prince to get all he could out of life, and everyone around him. Research from: "The Con" Season 1, Episode 5 "The Royal Con" Red-handed Podcast - Episode 303: Anthony Gignac: Prince of Fraud https://en.wikipedia.org/wiki/Anthony_Gignac 

Are you interested in learning more about how cost segregation and depreciation can help you reduce your tax liability when it comes to owning real estate?    Join us as we sit down with Yonah Weiss, a cost segregation expert in the commercial real estate syndication space, who has been teaching people about the tax benefits of real estate for 8 years. Today, we explore how a cost segregation study can help you maximize deductions on your property, and how managing a short-term rental yourself can help you unlock bigger deductions against your active income.    Tune in to get an insider's look into what cost segregation and depreciation are all about and learn how these strategies can help you save money on taxes!   [00:01 - 08:04] Opening Segment • Cost segregation and depreciation are tax benefits of real estate that can be confusing for people to understand • How Yonah got into real estate and found another stream of income • Yonah dives into depreciation and cost segregation   [08:05 - 15:16] The Basics of Real Estate Professional Status • Understanding the basics of real estate professional status How can it help offset passive losses against W2 income? • When you can use some of the passive losses against your active W2 income • Being a realtor or broker automatically qualifies for Real Estate Professional status   [15:17 - 23:10] Understanding the Tax Benefits of Short-Term Rental • Married couples making more than $150,000 may not be able to take advantage of the real estate professional status • Regular depreciation and other expenses can reduce the rental income tax liability to zero • Cost segregation can help pull forward some of the depreciation deductions to earlier years • What realtors need to meet the material participation threshold   [23:11 - 30:30] Leverage the Short-Term Rental Loophole to Offset Active Income • You can use concentration depreciation to offset your active income even if you have a full-time job • You only need to spend 100 hours on a short-term rental for it to count as material participation • Losses from passive investments cannot be used to offset short-term rental income. • Conservation is a tax tool and should be used with an overall portfolio plan in mind.   [30:31 - 35:33] Closing Segment • In 2017, 100% Bonus Depreciation allowed accelerated deductions in the first year This benefit was available until the end of 2022     Connect with Yonah:   Website: https://yonahweiss.com  LinkedIn: Yonah Weiss Instagram: @yonahweiss Twitter: @yonahweiss   Don't forget to check out The Weis Advice Podcast!     Key Quotes:   “Cost segregation is a tax tool. It is a tax strategy. But it is not going to work for everyone in every situation.” - Yonah Weiss     WANT TO LEARN MORE?   Connect with me through LinkedIn.   Or send me an email at sujata@luxe-cap.com   Visit my website, www.luxe-cap.com, or my YouTube channel.   Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

In this episode: Withholding taxes from your IRA to cover estimated tax payments. Usings Section 179 instead of Bonus Depreciation. Retirement planning strategies for business owners. Employee Stock Ownership Plans (ESOP) - What they are and when they're a good fit. We also speak with Christopher Baker, P.E., President and CEO of George & Lynch, Delmarva's top infrastructure contractor.  He speaks about the history of George & Lynch and what it takes to reach a business's 100-year anniversary.  He also talks about creating ESOP plans to give employees a greater sense of ownership of the company, how supply chain interruptions impact a business, and what George & Lynch has planned for the future.       

In this video, Nick Huber and Mitchell Baldridge, CPA, discuss tax efficiency and things you can do to defer and pay less taxes.  From section 179 to QSBS to retirement accounts, they cover the things you MUST KNOW if you run a small business. If you want to learn more about Nick and Mitchell's tax related companies, check out RE Cost Seg, Tax Credit Hunter and Better Bookkeeping.   Timestamps: 03:13 - S-Corps 08:14 - QBI optimization 14:50 - Bonus Depreciation 21:20 - Section 179 and car mileage 30:11 - Mega Backdoor ROTH 33:55 - ERC Tax Credit  39:09 - R&D Tax Credit 41:14 - 45L Tax Credits 42:40 - Donor Advised Funds 47:07 - “The Augusta Rule” 48:41 - SALT Cap Workarounds 51:03 - Q&A   FREE PDF - How to analyze a property and know what it's worth: https://sweatystartup.ck.page/79046c9b03   Special thanks to the sponsors: https://www.betterbookkeeping.com - End to end tax and financial service for founders and soloprenuers https://Recostseg.com - Lower your taxes and increase cash flow https://Taxcredithunter.com - Helping businesses claim millions in tax credits   Check out my free Delegation / Hiring 101 course! Click here: https://nickhuber.podia.com/delegation-hiring-101   Check my free resources about Real Estate: https://sweatystartup.com/courses/   Join my Real Estate community here: https://sweatystartup.com/rec   Twitter Growth Mastery Course: https://sweatystartup.com/twitter   Want to hire me as a consultant? Click here: https://sweatystartup.com/storage   Here are the links to my businesses: Business Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/  Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/

How does bonus accelerated depreciation work when it comes to commercial real estate? Is real estate a good source of retirement income, and can it take the place of safe assets like bonds in your investment portfolio? Plus, can investments be transferred in-kind from an inherited trust to a brokerage account? And what tips do the fellas have for ace-ing the CFP exam and launching a career as a financial advisor?  Timestamps: 00:43 - Bonus Accelerated Depreciation on Commercial Real Estate Purchase (Papa Joe, Naples, FL) 07:04 - Is Real Estate a Good Investment for Retirement Income? (Doctor Jerry, Waco, TX - from episode 426) 13:00 - Is Real Estate a Substitute for Bonds in a Diversified Investment Portfolio? (Don, VA - from episode 416) 17:08 - Can I Move Investments In-Kind From Inherited Trust to Brokerage Account? (George, KS) 24:15 - Tips for Taking the CFP Exam and Building a Career as a Financial Advisor (Craig, St. Clairsville, OH) Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-433  Real Estate Retirement Income Webinar - Wednesday June 21, 2023, 12pm PT/3pm ET - register now 10 Tips for Real Estate Investors Guide Episode Transcript Ask Joe & Big Al On Air for your Retirement Spitball Analysis

When it comes to maximizing tax benefits while minimizing legal risk, it is crucial to adopt a strategic and prudent approach. Engaging in legal tax planning allows investors to take advantage of available deductions, credits, and exemptions within the boundaries of the law. By thoroughly understanding the tax laws and utilizing legitimate tax planning techniques, investors can optimize their tax positions while staying within legal boundaries. This includes proper record-keeping, timely and accurate reporting, and adherence to all relevant tax regulations. Toby Mathis is a 25-year tax attorney and founding partner at Anderson Advisors, whose career has focused on how to save money and how to make money. As a result of Anderson's tax work with tens of thousands of successful investors including preparing over 100,000 investor tax returns, Toby has pieced together their methods to building wealth and now educates on the surprisingly simple processes.Toby Mathis has helped Anderson grow its practice from one of business and estate planning to include a thriving tax practice and registered agent service with tens of thousands of clients nationwide.In this Episode, Vinki & Toby chat about⁠:⁠-Business Structuring and Tax Planning -Understanding Syndication Structure -Role of Passive Investors in Deal Participation -Impact of Cost Segregation and Bonus Depreciation on Limited Partners -Depreciating a Property TwiceContact Toby: https://www.linkedin.com/in/tobymathis/If you've liked this episode, please leave us feedback through a five-star rating and comments below! Also be sure to like, share, and subscribe!The Real Estate Vibe Show!Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvesthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting

In today's episode, which was originally released in November 2021, we feature Dan Bartholomew, a financial advisor and friend of Jim Pfeifer, who was new to passive investing in syndications. After listening to the podcast for a couple of months, he had accumulated a list of questions for Jim, which led to this informative episode where each question was discussed in detail. This is the perfect episode for those just starting out in passive investing and struggling to comprehend some of the common terms used in the LFI community. This episode is often used as a resource for new investors. This episode is being republished because all the topics discussed are still relevant today. So sit back, relax, and enjoy this throwback episode from 2021!Here are some power takeaways from today's conversation: The difference between bonus depreciation and cost segregation Cash-on-cash return vs. IRR return How to screen out the metrics you don't like Understanding the different types of deals Class A vs. Class B Why a triple-net lease makes sense Selling a property or holding it Episode Highlights:[06:48] Bonus Depreciation vs. Cost SegregationCost segregation and bonus depreciation are both tax strategies that allow for accelerated depreciation of assets. Cost segregation involves conducting a study on a property to identify personal property separate from real property. This allows for the separate components to be depreciated over five, seven, or ten years, rather than the typical 27.5-year straight-line depreciation for residential properties and 39 years for commercial properties. On the other hand, bonus depreciation is a provision in the 2017 Tax Cuts and Jobs Act that allows for a 100% depreciation deduction in year one for assets that could only be depreciated at 50% or lower percentages. While this provides a large tax deduction in year one, it also leads to depreciation recapture when the asset is sold. This means that the deferred depreciation is added back to the gain from the sale and taxed at a higher rate of 25%. However, reinvesting the proceeds in a new syndication can offset the recapture and the tax deferral can continue, similar to a 1031 exchange.[12:28] Cash-on-Cash Return vs. IRR ReturnThe cash-on-cash return for ATMs is 25%, which is higher than the typical 6-12% for most syndications. However, it's important to note that ATMs are different from other assets because they don't have any returns at the end as the asset depreciates and isn't sold like an apartment complex. Cash on cash return is calculated by dividing the annual cash flow by the capital invested, while the Internal Rate of Return (IRR) takes into account the time value of money and looks at the total return on investment over time. In typical real estate deals, the IRR is higher because the annual returns are compounded over the life of the investment and there are sales proceeds that contribute to the return of capital. However, with ATMs, there is very little return on capital and virtually no sales proceeds, which is why the cash-on-cash return may be higher than the IRR. Overall, ATMs are an outlier in terms of their unique characteristics compared to other assets.[34:48] Navigating Investment Priorities and Tax Advantages in Real Estate SyndicationsSyndicators often prioritize either cashflow or appreciation in their deals, although it's common to have elements of both. It's worth noting that some syndicators utilize tax advantages such as cost segregation and bonus depreciation while others do not, so it's important to ask about this when evaluating an investment opportunity. While taxes shouldn't be the sole reason for investing, it's vital to speak with the sponsor to determine whether the investment is geared towards cashflow or appreciation. Typically, if the pro forma shows a smaller early-year cash-on-cash return with a larger gain projected in the future, it's an indication that the investment is focused on appreciation

 Check out the full episode on Tuesday!  In this Episode, Vinki & Toby chat about⁠Business Structuring and Tax Planning Understanding Syndication Structure Role of Passive Investors in Deal Participation Impact of Cost Segregation and Bonus Depreciation on Limited Partners Depreciating a Property Twice Contact Toby: https://www.linkedin.com/in/tobymathis/  If you've liked this episode, please leave us feedback through a five-star rating and comments below! Also be sure to like, share, and subscribe!  The Real Estate Vibe Show!  Follow us @ https://twitter.com/loombainvest https://www.instagram.com/loombainvest https://www.facebook.com/Loombainvest https://www.linkedin.com/in/vinkiloomba  #realestate #realstateinvesting #multifamilyinvesting #passiveinvesting 

Bernard Reisz, CPA is a financial strategist and educator at ReSureFinancial.com who helps real estate investors elevate their ROI and wealth growth by leveraging real estate title and tax tools. He serves as the Chief Education Officer at ReSure Financial, where he curates a website to educate investors on topics like 1031 Exchange, Cost Segregation, and 401k/IRA. Bernard's expertise in financial, tax, real estate, and legal topics has made him a sought-after guest on numerous forums, where he shares his straight-talk and unique insights on various aspects of real estate tax matters. He is well-versed in advanced tax strategies such as UBIT, UBTI, UDFI, 453 Installment Sales, and more.     Are you a real estate investor looking to optimize your taxes and maximize your deductions? In this episode, we bring together industry experts to explore the complex world of taxes and how they impact your real estate investments. From land allocation in cost segregation studies to understanding tax rates and state conformity to federal bonus depreciation, our speakers discuss key factors and share strategies like 1031 exchanges and cost segregation studies to mitigate taxes. They emphasize the need to work closely with CPAs and tax professionals to prepare for complex taxation issues, and even touch on retirement accounts and the impact of bonus depreciation. Whether you're a new investor just starting out or an experienced pro looking to hone your skills, tune in to this episode to stay up-to-date on best practices for optimizing your taxes.     [00:01 - 07:55] The Importance of Cost Segregation Land allocation is a key factor in cost segregation studies Actual tax rates and state conformity to federal bonus depreciation affect the true benefit of cost segregation deductions Time value of money is crucial in real estate investing, and tax planning can help maximize returns   [07:56 - 16:16] Maximizing Tax Deductions in Real Estate: Strategies and Risks to Consider Tax deductions can be used to offset gains in real estate investments Buying bigger assets creates even bigger deductions Not claiming allowable depreciation can lead to recapture in the future Adjusted tax basis is important in calculating true gain from a property sale   [16:17 - 24:49] Understanding the Impact of Cost Segregation and Bonus Depreciation on Retirement Accounts  Land does not depreciate, so only allocated amount remains Short-term gains taxed at ordinary income rates, long-term gains have varying rates Bonus depreciation may or may not benefit retirement accounts   [24:50 - 29:09] Closing Segment Cost segregation is a no-brainer for syndicated deals Listeners can visit resurefinancial.com and members.resurefinancial.com to learn more about Bernard and his work     Tweetable Quotes: “The cash flow comes into the retirement account.” – Bernard Reisz   “Every investor is gonna be impacted by cost segregation differently based on our tax plan.” – Bernard Reisz   You can connect with Bernard Reisz through his: Email: bernard@resurefinancial.com Social Media: LinkedIn   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.

Chris Bounds is not your typical Realtor…   Yes, he's a top-producing agent (a top 0.3% growth leader at eXp Realty and 2x ICON Agent with $88 million in transactions), but he's also a real estate investor, fund manager, and a prolific capital raiser, who along with his wife Jamie, has used more than $19 million from private lenders and equity partners to buy and flip around 200 properties.   He currently has $44 million in assets under management, including close to 400 single-family and multifamily units!   So how do you leverage your real estate license to create true wealth in real estate?  Here's a sample of what we discuss: ·        Do you need a real estate license to be a successful real estate investor? ·        When you should get a real estate license… and when you should not. ·        The ultimate tax loophole for real estate professionals. ·        The biggest mistake Chris made in the early part of his career… ·        Secrets of raising private capital. ·        How to never need the money… even when you actually do need the money! ·        The amazing tax benefits of “Bonus Depreciation”. ·        Much, much more! For contact info and link to free course on funds, visit our website www.GimmeSomeMORE.info/episodes and type in the search bar: Chris Bounds

I'd be happy to tell you about our special guest who will be sharing her tax strategies to help you save massive amounts in taxes and keep your hard-earned money in real estate.  Today's guest, Amanda Han. A CPA and tax strategist who specialize in helping people use real estate. She helps educate investors on how to maximize tax write-offs, legal entity strategies, tax-efficient ways to access profit, how to use 401K money for real estate, and much more. Tune in and enjoy!   Key Takeaways: 3:27 Get to know Amanda Han.  6:25 Real estate tax savings: What you need to know. 8:40 What is the short-term rental loophole and how to use it? 12:23 How material participation works? 15:27 Here are some helpful tips for selecting a good CPA for your taxes. 17:59 How to pay yourself as a Real Estate Investor w/o getting in trouble with the IRS. 21:34  Real estate distributions. 24:15 Estimated Tax Payments, How it works, When to pay? 27:59 Learn about Bonus Depreciation. 30:39 The Book on Tax Strategies for the Savvy Real Estate Investor. 31:33 Connect with Amanda Han. Connect with Amanda Han

In this episode we discuss: Many tax credits and deductions are slated to end in the next few years without legislative changes.  New rules allow for tax credits for additional types of electronic vehicles (EVs). The IRS has declared the 2022 tax stimulus payments as non-taxable.  Three tax-prep companies have been accused of selling private client information.  We also hear from Mandy Talley-Kaufman, owner of The Kritter Sitter a Pet Sitting and Transportation business that has been in operation for 16 years.  She talks to us about the importance of hiring professionals that are licensed, insured and trained, the difficulty of hiring staff in this current climate, and her love of running a local business.     

In this episode we discuss: The IRS has hired 5,000 service operators.  Find out how it may impact tax season. Form 1099K reporting requirements (for businesses that use 3rd party payment vendors such as Venmo and Paypal) for 2023.   One time charitable giving is allowed under for those under 59.5 years old without penalty for qualified circumstances.  Bonus Depreciation starts to drop this year, falling to 80%.  Find out what you should do to prepare. Depreciation caps on business vehicles has increased.  Form 1099s may now be filed directly on IRS.gov.  We also hear from Bobbi Jo Webber, of Webber Family Farms.  She gives an insider's look at what it takes to run a large agribusiness operation, what it really means to have organic chickens, and how she strives to educate the public for a better understanding of where their food comes from.  For great videos and updates, follow the "Follow the Field" and "Follow the Flock" series on their facebook page at Webber Family Farms.   

Nolan goes into detail of a creative real estate deal he recently got under contract. He explains the in's and out's of his negotiation and the seller financing aspect. But he speaks on his main reason for investing in Commercial Real Estate; Bonus Depreciation. This episode is sponsored by My Financial Snapshot. Visit MyFinancialSnapshot.com and use coupon code INFINITE20 for 20% off your subscription for life. The time is now to get started making personal finance easy and simple! Interested in learning more? Click Here to schedule a Zoom call with Nolan Want to see the math behind Infinite Banking? Click Here to watch the 4 Part Video Series What to see what your unique Infinite Banking policy would look like? Click here to fill out the questionnaire. Click Here to get on the waitlist to join Nolan's Commercial Real Estate Mastermind!

In this episode: Secure Act 2.0 has passed enhancing many retirement savings opportunities such as:  New employees must be automatically enrolled in company savings plans, unless they opt out. There are new Catch-Up Contribution rules. The Required Minimum Distribution (RMD) has increased. Part-time employees are eligible to enroll in company saving plans sooner. Employers may provide retirement saving contributions to match what an employee is paying in student loan debt. Unused 529 Plan funds may be rolled into a Roth IRA. The rules for electronic vehicle credits. The solar panel credit was extended. Bonus Depreciation drops to 80% in 2023. New mileage rates for 2023.  We are joined by Trey Wallace, of Pratt Insurance in Smyrna, DE.  We hear how Pratt has lasted to be 143 years old, common insurance issues that small businesses overlook, and how global disasters impact our community.    

In the latest installment of Entrepreneurial Attorney Nation, Richard James is joined by Annette Sonnenburg, President of Sonnenburg Consulting Inc. She has provided CFO consulting services, business consulting, and outsourced accounting and bookkeeping services for more than 20 years.Richard James and Annette outline exactly how you can end 2022, so that 2023 starts off right. This is THE guide to your law firm's end of year financial planning. By the end of this episode you will discover:The #1 key to setting yourself up for successThe deadly sin you need to avoidA framework for financial success for your small law firmTime Codes: 00:00 - Introduction from Richard James02:38 - Annette Sonnenburg Introduction 03:21 - Bonus Depreciation 05:33 - Simple IRAs/401Ks07:28 - Debt in a Small Business08:27 - Lifestyle15:51 - End of Year Planning/Review15:53 - Credit Card/Bank Statements24:38 - As Compared To:30:34 - Phone Room31:34 - Sales33:31 - People36:50 - Goals38:22 - Financial Budget50:57 - Owner's Benefit56:30 - Episode Conclusion

It's quickly approaching the end of 2022 and we thought we'd give our listeners some Golden Nuggets on Tax Savings Strategies with none other than Natalie Kolodij. For those that don't know, Natalie has quickly blown up as the go to Tax Strategist for Real Estate Investors. Natalie's Instagram and tiktok accounts (all linked below) are filled with tons of golden nuggets on ways to save on taxes as well as some mistakes that some tax professionals may be making on your tax returns. Natalie goes over all of this and more in this week's episode. Getting started in Real Estate with Mobile Home Flipping - 8:19Starting A Tax Consultant Business - 18:53Bonus Depreciation and Cost Segregation - 24:251031 Exchanges & DST's - 35:40Choosing The Right Tax Professional - 44:32REPS, IRS Hiring & Avoiding Audits - 50:03OT - 55:36You can Join the Omaha REIA at https://omahareia.com/ Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA Check out the National REIA https://nationalreia.org/ Find Ted Kaasch at www.tedkaasch.com Owen Dashner on Facebook https://www.facebook.com/owen.dashner Instagram https://www.instagram.com/odawg2424/ Red Ladder Property Solutions www.sellmyhouseinomahafast.com Liquid Lending Solutions www.liquidlendingsolutions.com Owen's Blogs www.otowninvestor.com www.reiquicktips.com Natalie Kolodij https://www.kolotax.com/about Natalie's Advising Packages https://retaxstrategist.com/ Natalie on IG https://www.instagram.com/re_tax_strategist/ tiktok https://www.tiktok.com/@re_tax_strategist LinkedIn https://www.linkedin.com/in/nkolodij Maddison Specs https://www.madisonspecs.com/ If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!! 

Section 179 of the IRS tax code has been around for decades, and it can be an effective strategy for lowering your tax liability year to year. In this program, find out what the deduction limit is for the 2022 tax year, and learn the nuances of Bonus Depreciation and how it differs from Section 179. Using these tools comes with rules, and it can get confusing – that's why we're talking to tax expert, Steve Pierson, shareholder/partner at Selden Fox accounting firm in Oak Brook, Illinois. He's been educating equipment dealers for decades ... and was a featured panelist at IEDA's 2022 Annual Meeting last February. Section 179 has great implications for an independent dealer's rental fleet, and it can be a great incentive to drive year-end sales this month. Do your customers know that the equipment they buy from you is tax deductible? Learn what's new, what kind of equipment qualifies, and how to take advantage of this small business tax benefit.   Selden Fox: https://www.seldenfox.com/our-people/steven-pierson/ LinkedIn: https://www.linkedin.com/company/selden-fox-ltd-/about/ Visit IEDA: https://www.iedagroup.com/   Produced by: https://socialchameleon.us/  

You can watch this episode on Youtube.com: https://youtu.be/KZWEb2iXAH4 Cost Segregation Analysis Studies are an important part of investors' tax strategy for depreciation. If it's a commercial building, you can take 39 years of depreciation. If it's a residential structure, you're able to depreciate for 27 and a half years. But does your carpet last for 27 and a half years? No, it depreciates faster. You can depreciate different elements of the structure at different rates (5 years, 7 years, 15 years), but you have to have a study to make sure you're doing it right.  Join us with our guest, Erik Oliver from Cost Segregation Authority, as we dive deep into the different aspects of Cost Segregation Analysis! 0:00 - Introduction 1:47 - Define Cost Segregation Analysis. Taking depreciation in different chunks at an accelerated pace. Why is it important? Cost value of money, inflation, and tax strategy. 4:23 - What happens when you sell? You pay two types of taxes: 1) capital gains and 2) depreciation recapture. Take your deduction at a higher rate, then pay your taxes at a reduced rate on a future date. How do they come up with the numbers? 12:05 - It doesn't work on EVERY property. 16:05 - Bonus Depreciation. Bonus depreciation means you can get 100% of your depreciation right in the first year...until the end of 2022. 18:50 - Put it "In Service". You can take depreciation if the property is "in service" according to the IRS. 23:15 - An Airbnb Example. Use the tax savings as the down payment. Cost segregation does NOT generate audits. 29:28 - What'd we learn today? 34:43 - Outtakes * No IRS agents were harmed in the making of this video. Please contact us to tell us you love us, you want to hire us! Call or text: Special Thanks to our guest: Erik Oliver, Regional Manager Cost Segregation Analysis 1-800-940-3115 info@costsegauthority.com Realtors with Hive Collective at Presidio Real Estate: Tyler Cazier: 801-210-0230 Aric Wiszt: 801-228-7687‬ Lender with Elite Team at Security Home Mortgage: NMLS: 178787 Jason Christiansen: 801-669-7271 NMLS: 240472 A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.    

Have you purchased your first investment property? What are the tax strategies you plan to use? Have you considered Cost Segregation? If you are thinking of investing in Real Estate, you will need some tools and resources to help you succeed.The IRS (Internal Revenue Service) Tax Code contains many sections dealing with Real Estate. Changes based on the Tax Cuts and Jobs Act have pumped certain Real Estate concepts, such as Depreciation, Cost Segregation, and Bonus Depreciation, to new levels.Those with Real Estate Professional Status can take advantage of these changes. How long will Bonus Depreciation remain accelerated? Is it a good think to use Cost Segregation if you are going to be selling the real estate property in a short amount of time? What is the process for obtaining a Cost Segregation study? All that and more as Justin Ckezepis of Today's Real Talk sits down with Yonah Weiss to discuss Cost Segregation in Real Estate. References Yonah Weiss: https://www.yonahweiss.com/Tax Cut and Jobs Act: https://www.govinfo.gov/content/pkg/BILLS-115hr1enr/pdf/BILLS-115hr1enr.pdf IRS Tax Cuts and Jobs Act - Comparison for Businesses: https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses IRS Cost Segregation Audit Techniques Guide: https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction Today's Real Talk: https://www.TodaysRealTalk.com Want content sent directly to your device? Text 'Get Real' to 844-STUDIO-4Have you enabled Amazon and Google Home skills?"Hey Alexa, play Today's Real Talk!""Hey, Google, play Today's Real Talk!"All shows streaming wherever you like to listen to your podcasts Chapters0:00 - 3:33: Talking w/Justin Today3:33 - 7:17: Intro w/ Yonah Weiss7:17 - 16:57: Top Terms in Cost Segregation16:57 - 19:49: Real Estate Professional Status19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis23:38 - 25:34: Ground Up Development vs. Value Add Property25:34 - 28:18: The Cons of Doing Cost Segregation28:18 - 31:51: What is Depreciation Recapture?31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange33:51 - 34:57: The Important of Real Estate Teams34:57 - 36:34: Who currently uses Cost Segregation?36:34 - 38:34: The Short Term Rental Loophole38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation41:20 - 43:51: Adoption of Cost Segregation in the Marketplace43:51 - 44:33: Outro w/ Yonah44:33 - 47:31: Q&A #1: What is the future of the Real Estate Market in North Carolina?47:31 - 49:04: Q&A #2: What type of taxes do I pay when earning $ in real estate?49:04 - 53:15: Q&A #3: When are you financially prepared to buy a home?53:15 - 54:04: Wrap Up & Outro

Ted Lanzaro is a highly recognized and respected Certified Public Accountant, real estate investor and real estate broker. He is the founder of Landmark CPA Group, a boutique CPA firm specializing in accounting and taxation for the real estate industry.    For the past 31 years, he has helped thousands of real estate business owners, entrepreneurs and investors all over the United States implement cutting edge tax strategies that save them thousands of dollars annually on their taxes.   Ted runs the Lanzaro Commercial Investment Group which does investment acquisition and disposition for real estate investors and private equity firms as well as his personal investments and syndications.    Today he shares with us how it is important to put tax strategies in place within the year and safeguard it because planning is where all the tax benefits and wealth comes from!    Listen now to Ted's incredible discussion and take notes of his top tax strategy secrets!   In this episode we discuss: Ted's background, and how it started for him. The structure of Bonus Depreciation.  Top Tax Recommendations and Opportunity Zones.  Ted's Top 3 Tax Strategies    Connect with Ted Lazaro:  www.landmarkcpagroup.com    Connect with Pantheon Investments:  Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/  Website: www.pantheoninvest.com  Podcast: www.pantheoninvest.com/podcast  Facebook: https://www.facebook.com/PantheonInvest  Instagram: www.instagram.com/pantheoninvest  LinkedIn: https://www.linkedin.com/company/pantheon-invest  Twitter: https://twitter.com/Pantheon_Invest   Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ  Holistic Wealth Strategy Book:https://www.amazon.com/Holistic-Wealth-Strategy-Roadmap-Financial/dp/B089CS58F1  Email: info@pantheoninvest.com 

Today on the pod, Andrea and Rachel talk with CPA and passive investor Deborah Pritchard about how other passive investors can take advantage of something called Bonus Depreciation. Deborah also discusses how foreign investors can also partake in multifamily investing in the US. Deborah is based in Frisco, Texas; however works with clients all around the world! Get in touch with Deborah: dpritchard@mrmcpas.com Join our meetup group! https://www.meetup.com/the-passive-investors-network-with-goodgood-investing/ Download our Passive Investor guides at: www.goodgoodinvesting.com –– **Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. You should always consult certified professionals before making decisions regarding your individual financial situation. Rachel Grunn and Andrea Cwik are not financial professionals, and GoodGood Investing is not a brokerage, dealer, or SEC-registered investment advisory firm**

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In this fifth episiode of The Rust Belt Apartment Podcast the team sits down with John MacFarland of Cost Segregation Services to take a deep dive into past, present and future of cost segregation in real estate. 00:00 - John MacFarland Intro2:35 - Gary's History Lesson3:20 - Component Depreciation 4:55 – The Tax Reform Act of 1986 5:50 - Hospital Corporation of America vs Commissioner6:25 - Cost Segregation 11:22 - Definition of the Cost Segregation process 12:50 - 5 Year and 15 Year Depreciation15:25 - Processes & Guidelines16:45 - Engineering Study of the Asset18:18 - Can I conduct a cost segregation study myself?20:30 - Defense of methodology22:50 - Return on Investment24:35 - The Look Back Study26:25 - Predictive Analysis28:00 - CSSI, the IRS and Audits32:21 - OK John, what is the catch? This sounds too good to be true36:38 - Size and scope of CSSI Cost Segregation Studies41:45 - Bonus Depreciation vs Cost Segregation45:25 - Post-Sale Cost Segregation50:21 - Predictive Analysis Reviews51:00 - $50 Million Dollar Case Study1:00:15 - $15 Million Dollar Case Study1:01:00 - $6 Million Dollar Case Study1:03:16 - Closing Remarks  

Today I chatted with Thomas Castelli, Partner at The Real Estate CPAThomas is a Tax Strategist at The Real Estate CPA, an accounting firm providing accounting and tax services to real estate investors across the US. He is also a real estate investor with syndication experience as a sponsor and limited partner. Episode Spotlights-How to qualify as a real estate professional and challenges - Tax efficient exit strategies for a real estate professional     - 1031 Exchanges     - Cost Segregation and Bonus Depreciation     - The Installment Sale / Seller Financing - Discussing through the Applicable Federal Interest Rates- Reaping tax benefits by paying your children to work in business- Tax benefits for LPsBook Recommendations- Atomic Habits Connect with Thomas:Linkedin:  https://www.linkedin.com/in/thomascastelli/Twitter: @thomascastelli_Facebook Group: Tax Smart Real Estate InvestorsWebsite: https://www.therealestatecpa.com/ Podcast: www.therealestatecpa.com/podcasts  Grab your freebie - Tips for Multifamily Investing at www.ushacapital.comFound this episode insightful? Show us some love by spreading the word on social media or  rating and reviewing the show here - https://podcasts.apple.com/us/podcast/multifamily-ap360/id1522097213Follow Rama on socials!LinkedIn | Meta | Twitter | InstagramConnect to Rama KrishnaE-mail: info@ushacapital.comWebsite: www.ushacapital.com

Business aviation closed out the year's first quarter with demand at an all-time high, inventory at an all-time low, and some aircraft transaction values that appeared to be inordinately high. Jay Mesinger, CEO of Mesinger Jet Sales, covers the current market environment, including the following topics: Changes starting to form relative to current market conditions. The potential impact on 2022 aircraft transactions due to limited inventory. Market re-entry by traditional corporate buyers. The effect Bonus Depreciation may have on 2022 sales. Aircraft pricing during the second half of 2022. The effect Russian sanctions may have on the Business Aviation market and aircraft sales.

Looking for a way to reduce your capital gains taxes? In this episode, Steven highlights three strategies that will help you do just that.  Discover how to make full use of the 1031 exchange, Deferred Sales Trust, and Bonus Depreciation approaches.Key Takeaways1031 exchange is a way for you to exchange any one type of real estate for another type of real estateWIth 1031 exchange you can pay no gain and you can pay no taxes You can defer gains and pay no taxes utilizing the Deferred Sales Trust With Deferred Sales Trust, you only pay capital gains when you receive a payment and you can take the money and reinvest it in other opportunities, not just real estateBonus Depreciation allows you to take 100% of that depreciation that's normally over 27 and a half years, all at once.

In this episode: Secure Act 2.0 has been passed by the House and is now on to the Senate.  Look for updates on Required Minimum Distribution, Charitable Giving, Employer Benefit Plans, lowering the Excise Tax and more. There are issues with some taxpayers being required to give back refunded amounts due to the Premium Tax Credit. If businesses are considering buying large assets, they may want to get the purchase in during 2022 to receive the full Bonus Depreciation. The State of Delaware has introduced a bill that may distribute $300 to all Delaware taxpayers to subsidize increased gas prices. The tax credits currently available for installing solar panels will end soon. We also hear the story of Steven Palladino, of Viking Financial Group, who defrauded his close-knit community along with his own Aunt who raised him.  

Show Notes: - Saving People Money On Taxes - Cost Segregating houses - Teaching Taxes to simplify finances - How much money do you think you need to make in order to start an LLC? - Structuring your companies to save money on taxes - Money laundering in the art world - Using Tax Advantageous Startegies And getting 10-12% ROIs - Taxes in the crypto community - Bonus Depreciation and The Current Tax Law - The Augusta Rule - Tax Deduction caps - What can W-2 people do to completely offset liabilities without having to buy Real Estate? - Real Estate Tax Designations - Brady Slack talks about his passion for Taxes

Want to avoid mistakes in Long Distance Investing?  Download your FREE document at http://keeponcashflow.clickfunnels.com/7mistakes  Going Long Podcast Episode 189: The Special Tool to Accelerate Your Path to Financial Freedom In the conversation with today's guest, Erik Oliver, you'll learn the following:   [00:14 - 03:59] Show introduction with comments from Billy. [03:59 - 07:19] Guest introduction and first questions. [07:19 - 10:57] The backstory and decisions made that led Erik to this point in his journey. [10:57 -24:43] Erik gives a 101 on what Cost Segregation is, and how it can help both passive and active investors keep hold of more of their money.   [24:43 - 30:45] A detailed description of what Bonus Depreciation is and how it works, and the reality of what is happening and changing with Bonus Depreciation in the coming years.   [30:45 - 32:43] How it works when looking at actioning Cost Segregation now for assets purchased in the past.  [32:43 - 35:05] Who you should initially go to and how / when to initiate the process of getting your own Cost Segregation plan working for you. [35:05 - 41:13] What ‘Recapture' is, and how it could potentially affect someone in an investment where Cost Segregation or Bonus Depreciation is being utilized.   Here's what Erik shared with us during today's conversation:    Where in the world Erik is based currently: Salt Lake City, Utah. The most positive thing to happen in the past 24 hours: Just had the biggest month in terms of sales since his company was founded! Favourite European City: Calabria, Italy. A mistake that Erik would like you to learn from so that you don't have to pay full price: Know what you're good at and what you're not good at. Stay in your lane, and let those that are experts in things that you don't know so much about do what they do best.  Book Recommendation: Tax-Free Wealth, by Tom Wheelwright.    Be sure to reach out and connect with Erik Oliver by using the info below:    Website: https://costsegauthority.com/  Email: erik@costsegauthority.com  LinkedIn: https://www.linkedin.com/in/erik-oliver-b800657  To see the Video Version of today's conversation just CLICK HERE.   How to leave a review for The Going Long Podcast: https://youxccbxtu.be/qfRqLVcf8UI    Start taking action TODAY so that you can gain more Education and Control over your financial life.   Do you want to have more control and avoid the mistakes that I made getting started in long distance investing?  Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE.   Be sure to connect with Billy!  He's made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels

By all accounts, 2021 was a very active year with respect to aircraft sales. With January 2022 posting an all-time low level of pre-owned inventory, combined with continuing high demand, we asked Jay Mesinger, CEO of Mesinger Jet Sales, to provide his view of the current market. Topics covered include: The purchase and sale process, and how it has changed. Characteristics surrounding the large number of first-time buyers during 2021. The effect Bonus Depreciation had on 2021 aircraft acquisitions. What is likely to happen to demand during the first half of 2022. Factors that continue to drive sales of aging aircraft.

In this world, nothing is certain but death and taxes. But what if we tell you there's a way to get around the latter? Jim Pfeifer talks to Tom Wheelwright, CPA, founder and CEO of WealthAbility and the best-selling author of Tax-Free Wealth, about how to build massive wealth through tax-free strategies that permanently lower your taxes. Tom is a leading wealth and tax expert, global speaker, and entrepreneur. He specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes. Listen in as Tom makes discussing taxes fun, easy, and understandable.To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors' Community.Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Dan Bartholomew is a financial advisor and a beginning passive investor.  He invested in his first two deals with a group using Tribevest.  He has been listening to the podcast and making a list of questions and agreed to be a guest on the show to get his questions answered – in order to help us all become better investors! Questions asked and answered in this episode:·       What is the difference between Cost Segregation and Bonus Depreciation? What is Depreciation Recapture?·       What is a Real Estate Professional (REP) and what are the benefits of being an REP?·       What is Cash on Cash return and IRR? For ATM's, Cash on Cash return is greater than IRR in the proforma – why?·       What is Forced Appreciation? Is it different from Forced Equity?·       What is velocity of money as it relates to passive investing.  How can you get your capital returned and still own the asset?·       What is a cap rate and why is it important?·       When you are new to passive investing and you don't know how to digest all the information a sponsor sends for a deal, what should you focus on?·       How do you know if a deal is geared towards cash flow, appreciation or tax advantages?  Is it possible to get all 3 in one deal? ·       What is Economic Vacancy?·       What is the Capital Stack?·       What is Preferred Return (Pref)?·       What is the difference between Class A and Class B shares?·       Why would a company like Walgreens or Dollar Tree choose a triple net lease arrangement?·       What is Break-Even Occupancy?·       What is an acceptable GP/LP split?·       What is the Equity Multiplier?·       Is there one deal or one mistake that you made that changed the way you invest?  Podcasts he recommends:Tim Ferris Jocko Podcast  Passive Investing from Left Field  If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.  Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust.  Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors' Community.    Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.  

Title: Why Cost Segregation is Too Good to be True with Frank Giudici   A Civil Engineer by degree, Frank spent 15-years in the Construction Management industry working for two top-ranked Builders with project experience ranging from high-rise, luxury apartment buildings to nanotech manufacturing facilities. Now, Frank is a Business Development Director in the Cost Segregation industry helping to set the record straight!!!   Let's tune in to his story!   [00:01 - 04:13] Opening Segment   Get to know my guest Frank Giudici Frank shares how he found himself in the cost segregation industry  Getting scammed, doing due diligence, and educating others   [04:14 - 14:52] Why Cost Segregation is Too Good to be True    What is Cost Segregation?  Frank talks about the nature of cost segregation  “A strategy that allows people to take advantage the time value of money.” Personal Properties and Land Improvements Why the Time Value of Money Matters How do you generate liquid cash?   [14:53 - 30:31] Facing Cost Segregation Head On   Frank discusses the changes in tax codes Bonus Depreciation to stimulate the new economy The Game Changer: Tax Cuts and Jobs Act of 2017  You can take advantage of cost segregation and depreciation. A journey around the world to set the record straight in cost segregation American Society of Cost Segregation Professionals “Giving you what you rightfully deserve and no more.”   [30:32 - 32:42] Closing Segment   Final words Connect with my guest, Frank in the links below Tweetable Quotes   “Depreciation is a good thing.  Depreciation allows you to use the deduction on asset income and you've got tax savings.” - Frank Giudici   “We're not getting people any more depreciation than what their CPA allocates to them in the very beginning.” - Frank Giudici   “You just need to make sure that you're working with a provider that's going to do what's in your best interest to choose a conservative cost segregation estimate for you to make educated decisions.” - Frank Giudici   ------------------------------------------------------------------------   Reach Frank through fgiudici@bedfordteam.com, 518-898-6603, and LinkedIn   Listen to his podcast: Bedford Podcast   Check out his website: www.bedfordteam.com  WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com    Visit my website www.luxe-cap.com or my Youtube channel Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!  

Good morning from Los Angeles. My name is Paul Levine and I am a Commercial Realtor who has developed a system to save investors tens of thousands of tax dollars or more when building and operating self-storage facilities. I am working with a wonderful builder on this project. We build the facility so that you can get up to $1 million in Bonus Depreciation in one year and then carry forward the Net Operating Loss created by that deduction and not pay income taxes for more than several years. And, everyone HATES to pay income taxes.  We also have been, literally, drawn into the multifamily housing market and we build just about any size apartment building and do it anywhere in the United States. We also give generous referral fees to anyone who refers business to us. Realtors make great referral sources because you are already dealing with clients who buy and sell real estate as their primary residences and for investment.  Our referral fees can get to 6 figures on our larger projects. I also work with investors and other realtors from all over the United States and Canada advising them on their transactions as my credentials are unique.

This is Episode #62 of The Morales Group Show. In this episode our guest Andrew Kiefer explains Joe Biden new proposed Tax plan for 2022 where he is planning on eliminating 1031 Exchange & Bonus Depreciation & the effect this will have on Real Estate Investors.

Investing in real estate is a massively cost-effective money move especially when you're getting the best ROI. But how do you maximize your investments when the real estate market is constantly changing? Join John Brackett, CEO – Chief Executive Officer of Fidelity Business Partners and Host of We Build Great Apartment Communities Podcast on this episode as he interviews Terry Judge! Terry is the Founder and CEO of CORE Solutions Group, LLC., one of the nation's leading cost recovery consulting firms specializing in engineering- based cost segregation studies, property tax recovery, research and development tax credits, sustainable building energy studies and retrofits, and Green Guarantee funding programs.  Find out how you can increase your cash flow, and maximize your investments as Terry shares helpful strategies you can apply with your business and investments! Episode Highlights: How Terry got into the business of real estate How cost segregation works and its benefits What is the CARES Act Straight line depreciation and acceleration approach Tax Cuts and Jobs Act of 2017 What is Bonus Depreciation? Trends and changes that took place in Terry’s business due to COVID-19 How the pandemic created a better understanding when it comes to ‘housing’ What is the home run strategy in real estate   Where to reach Terry Judge CORE | Specialty Tax & Engineering LinkedIn Facebook   About our Guest: Terry Judge is the President and CEO of CORE, one of the only firms in the nation poised to offer such a comprehensive and holistic cost savings approach. He oversees much of the growth and strategic business planning and has over 25 years of experience in business management, cost recovery, and energy deregulation.   ---   Did you enjoy today’s episode? Please click here to leave a review for The We Build Great Apartment Communities. Be sure to subscribe on your favorite podcast app to get notified when a new episode comes out! Do you know someone who might enjoy this episode? Share this episode to inspire and empower! Connect with John Brackett and We Build Great Apartment Communities Instagram @webuildgreatcommunities Facebook @buildingreatcommunities LinkedIn @brackettjohn Website www.fidelitybps.com Subscribe to The We Build Great Apartment Communities Apple Podcasts Spotify Google Podcasts Do you think you would be a great fit for the show? Apply to be a guest by clicking . Fidelity Business Partners, Inc. 6965 El Camino Real Suite 105-190 Carlsbad, CA 92009 D: 760-301-5311 F: 760-987-6065

I was lucky enough to get Yonah Weiss to sneak The Apartment Guys into his schedule this week! Yonah breaks down Cost Segregation and Bonus Depreciation so that it is easy to understand. Simply put, "Cost Seg" is the Sexist Secret in Apartment Investing. Combined with Bonus Depreciation, this tax strategy could make your real estate income tax free! (speak to your tax professional/attorney for all the details). Combine that with the time value of money and reinvestment of capital, the wealth-building capacity is game changing. This is a DO NOT MISS, especially if you own rental real estate of any kind. #theapartmentguyspodcast #apartmentinvesting #commercialrealestate  #costsegregation #bonusdepreciation  

Unlike any election we’ve seen before, it took five days before the media declared a winner in the 2020 Presidential Election. While President Trump has alleged voter fraud, there does not appear to be any proof that validates that claim. As it stands, Joe Biden won the election and is the President-Elect. But how will President-Elect Biden’s policies affect real estate investors? Is the 1031 Exchange being eliminated? Will bonus depreciation go away?    The change in leadership means a change in philosophy and policy. It is clear that Biden plans to roll back some of the tax breaks and benefits that were enacted through the 2017 JOBS Act under the Trump administration. According to NREIOnline, Biden proposed a 10-year, $775 billion plan to provide universal childcare and in-home elder care. According to the 10-page proposal, it “will be paid for by rolling back unproductive and unequal tax breaks for real estate investors with incomes over $400,000 and taking steps to increase tax compliance for high-income earners.”      The plan only mentions the tax once and other details are scarce, if non-existent. Joe Biden’s own website, joebiden.com offers little more detail on the taxes that impact real estate investors. However, multiple publications have reported that this plan would target three popular tax strategies: bonus depreciation, 1031 exchanges, and the step-up basis.    Bonus depreciation: enacted through the 2017 JOBS Act and allows you to accelerate the depreciation time frame for eligible elements instead of writing them off over their normal useful life.  1031 Exchange: history goes all the way back to 1921. A 1031 exchange allows you to roll your equity from one investment property into another investment property of equal or greater value while delaying the capital gains tax.  Step-up basis: allows you to “step-up” the value of inherited property to today’s value so you are not responsible for paying capital gains tax on the equity that was created before you inherited it.   I discuss how these policies may impact investors and the likelihood that they may get implemented at all. In addition, Biden’s website has three other policies that I discuss including a priority to create more affordable housing, provide support to reduce evictions, and ending systemic practices like redlining that have hurt minorities.    Key insights on President-Elect Biden’s Policies on Real Estate   Joe Biden’s housing plan (link to info)   A top priority for President-Elect Biden is creating more affordable housing.   The benefits and concerns of Biden’s vision for affordable housing development    Biden’s plan for helping residents with evictions and what that means for landlords   An eviction is truly a last resort for most property owners.   How my company handled tenant shortfalls during COVID   Biden wants to end systemic practices that have made it harder for minorities, especially African-Americans to own real estate (end red lining)    Biden vs. the 1031 Exchange   Biden’s proposal would impact investors earning incomes of more than $400,000   I’m less concerned about the 1031 Exchange because it’s been talked about so long and is in place, and we still have a republican senate (as of now).   Benefits of utilizing a 1031 Exchange and what could happen if the law is changed   Understanding how Step-Up Basis works now, and what would happen if it was repealed (A step-up in basis reflects the changed value of an inherited asset)   If the step-up basis gets eliminated, very few heirs will be able to pay the capital gains tax.    How the republican senate will play a big role in real estate policies   How to take advantage of bonus depreciation (fast-forwarding the depreciation of any asset) before Biden gets rid of it    Bonus Depreciation is set to expire in 2023 and will be harder to renew.   How to get updates on policy changes that affect real estate investors, landlords, brokers, etc.   My final thoughts on the possible changes and how to deal with the proposed impact  Partner: Download our Sample Deal Package

Did you know that Cost Segregation and Bonus Depreciation can help you save income tax? You might be missing out on paying zero tax! If you are thinking about 1031 exchange or someway to write off your tax income as a real estate professional, this may be just that thing you are looking for. This week, we have the King of Cost Segregation, Yonah Weiss, join us on our webinar series to help us understand following concept: 1. What is cost segregation and bonus depreciation? 2. How does it help in terms of helping you save income tax so you pay nothing? 3. How is it a creative alternative to 1031 exchange? 4. What is the catch? 5. Q&A About the Speakers: Yonah Weiss is Business Director for Madison SPEC. As Business Director at a national cost segregation leader, Madison SPECS, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. Over the past 14 years Madison SPECS has done over 15,000 cost segregation studies covering all 50 states, resulting in over $3 BILLION in tax savings. About the Host: Elisa Zhang is the owner/principal of 1000+ unit apartment buildings via 1031 exchange and syndication. After quitting her day job to invest in real estate full-time, she is passionate about teaching others to do the same. She now focuses her time and expertise on helping typical nine-to-fivers to quit their job in 10 years or less. Learn more about us: https://www.ezfiuniversity.com/

Yonah Weiss, known as ‘The Cost Seg King,’ joins us for today’s interview. Yonah is a master of communication and a networker. Yonah found his calling for teaching and has been an educator ever since. He helps real estate investors by educating them on tax-saving strategies through cost segregation. Before joining Madison Specs, Yonah was a formal teacher. He enjoys teaching and sharing his knowledge with others. He is the host of Weiss Advice, a podcast dedicated to sharing the knowledge of leading experts in real estate, business, and beyond. Join us for this episode and learn the keys to saving hundreds to millions of dollars from taxes with the help of cost segregation. [00:01 – 05:29] Leading by Example I introduce the guest, Yonah Weiss Yonah talks about his background and how his journey began Before joining Madison Specs, he was a formal teacher Became interested in real estate around five years ago Teaching his kids through Leading by Example [05:30 – 14:19] The Cost Segregation King Yonah dives deep into the Cost Segregation world Explains cost segregation Save money from taxes Wipeout your entire tax liability Do prices of property matter in cost segregation? Benefits of cost segregation are proportional to the cost basis [14:20 – 21:41] Bonus Depreciation Is bonus depreciation different from cost segregation? Not everyone can take advantage of bonus depreciation Theories why the government allows these types of saving money on taxes Qualifications To be considered a real estate professional and be able to take advantage of Bonus Depreciation If you spend the majority of your working time in the real estate trade or business You have to own a property Operating, managing, renting, or anything that involves managing a property Depreciation, Cost Segregation, and Bonus Depreciation compared [21:42 – 27:52] Limiting Beliefs Crushing the limiting beliefs about cost segregation The ‘I can’t afford it’ mindset The cost seg fee is proportional to the property price Reasons why a lot of people don’t know about cost segregation Accountants don’t do this It’s impossible to do by yourself The IRS regulates cost segregation [27:53 – 32:25] Take Action Now that you know about Cost Segregation let’s take action! Even if you owned the property for years, you could do cost segregation retroactively Madison Specs offers free cost segregation analysis estimates There’s no reason not to do Cost Segregation Connect with Yonah online! See the links below.   Tweetable Quotes: “[Cost segregation] is like an advanced form of depreciation.” – Yonah Weiss “It’s all within the business plan of the property owner. There are certain times where it might be more advantageous to get it done on a property that you are holding for a shorter period of time or for some people depending on their business plan for a longer period of time. Those first five years are integral to the tax benefits there, but it can be different for everyone.” – Yonah Weiss   Resources Mentioned: Cost Segregation Study definition Bonus Depreciation   You can connect with Yonah on LinkedIn, Visit his personal website. Listen to his podcast, Weiss Advice. To know more about cost segregation, visit the Madison SPECS website. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let’s start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Yonah & I Discuss: Generating Tax Deferred Income using Depreciation Bonus Depreciation exceeding all of RE Pro’s Income How to do Cost Segregation How Cost Segregation Helps You Raise Capital   Relevant Episodes: (There are 158 Content Packed Interviews in Total)  From Corp America to Owning $42 Million in Multi-Family Real Estate with Agostino Pintus https://youtu.be/8v6DqYAvin8 Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts https://youtu.be/QG04-G6cknU From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI  Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w     Resources Mentioned in this Episode: www.MadisonSpecs.com

Our guest today is going to tell us how she went from a negative net worth to building up a multi-million dollar empire in multifamily rentals. Join us as we talk with Anna Kelley, the founding partner of Zenith Capital Group, Apex Multifamily and REImom.com. Anna's a former top ranked financial relationship manager for a private bank and began investing in real estate 20 years ago. Since, she has purchased, renovated and rented millions of dollars of real estate across numerous asset classes while working full-time and raising four active children. She recently retired from her corporate career after creating financial freedom through rental properties investing and currently has ownership and manages a rental portfolio valued at over $60 million and has invested in over 1000 doors as a Limited Partner. An Amazon best-selling author, a speaker, and a mentor... Anna Kelly is one busy lady!Starting out as a landlord by necessity with a negative net worth, Anna walks us through her journey and how she made it through the recession to slowly and steadily build her portfolio up to replace her six-figure income that would allow her to retire.“I started investing in real estate a long long time ago. For those that think real estate is a get rich quick scheme, it's definitely not. I have definitely played the long game and it's just finally paid off.” Anna admits that finding money in the beginning to keep scaling and growing after their first initial purchase was not easy. So, along with her husband, they put in the time and they educated themselves. That is when they came across the BRRRR method—Buy, Rehab, Rent, Refinance, and Repeat. Here is just a little of what we talk about today...Why Anna focused on 4-unit propertiesThe worst advice she's seen given in RE investingWhat she would have done differentlyAnna's advice for the person who has done some rentals and wants to scale to the next levelScaling the managementTenant screening and lots more...Anna Kelley is an inspiration. She built a real estate empire as a side hustle while working a full-time corporate job and raising four kids. The epitome of tenacious, she found ways around the roadblocks and kept moving forward until she reached her destination, financial freedom. “I think that there it's really important to point out that there's really no one right way to make money in real estate. There's a lot of variables that depend on you personally, your skills, how much time you have available, how much money you have available to invest.”TIP OF THE WEEKMark: My tip of the week is to be like Anna Kelley. Go to REImom.com and learn more there.Scott: Check out CoScreen.co—It turns your secondary display into a joint team desktop. Share windows via drag & drop. It's a great way to work with VAs. Anna: If you have a business, any type of business, there is a little-known tax benefit called Bonus Depreciation that will have a huge impact on the next year's taxes. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice. In this episode we talk about: Cost Segregation Depreciation Tax deductions Passive Income Passive deductions Accelerated depreciation Real estate professional Bonus Depreciation   Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet!   Links from the show: Connect with Yonah Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group South Florida Multifamily & More Talie Investments Resources   Please leave us a 5-Star rating and a review in iTunes. Each review helps us reach more people.

If you like putting tax free money in your pocket, this is the ONE thing you must have in your rental real estate tool kit.Last week we talked with Brandon Hall about how to eliminate your taxes using Bonus Depreciation. You can visit our YouTube Channel @ Apartment Investor Show to replay the episode.This week we talk with Yonah Weiss about how to unlock the benefits of Bonus Depreciation by performing a Cost Segregation Study. Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation.Watch this episode to learn:* What exactly is cost segregation?* Which types of properties can benefit from this?* What is 100% bonus depreciation? Is that different than cost seg?* What is ‘real estate professional’ status and why is it so important? Get Smart and Invest Smarter with the Apartment Investor Show where JC Castillo and Paul Peebles interview top industry experts and discuss current market trends, investment strategies and fundamental concepts to help you make smart multifamily real estate investments. JC Castillo has spent the last 13 years helping investors profitably navigate the ups & downs of a full market real estate cycle. In 2006 he founded Multifamily Property Group, a vertically integrated private equity firm focused on large scale value-add apartment properties in select US markets. Learn more about Multifamily Property Group at: https://www.multifamgroup.com/ Paul Peebles has been arranging real estate financing for borrowers and institutional clients since 1987. Mr. Peebles is the National Underwriter at Old Capital, underwriting and structuring all transactions handled by the company. Learn more about Old Capital at: http://www.oldcapitallending.com/Guest Info:If you would like a free estimate to see if your property qualifies for a cost segregation study, reach out to Yonah at yweiss@madisonspecs.com

“Fake News” for Dentists: Section 179With the year-end approaching we will soon be turning our attention to holiday celebrations and festivities; Thanksgiving, Christmas, New Years and Section 179 Deductions!If you are a small business owner, especially a dentist, you will be visited by equipment sales professionals, especially at year-end, who tout the incredible tax savings one can accrue by using Section 179. With those two words, “tax deduction”, dentists become easy prey for the dental equipment sales rep, and many times make large capital purchases for their tax benefits alone.In this podcast, we are going to spend some time learning more about Section 179, and illuminate several Blindspots the sales rep is sure to leave out.Section 179 is a part of the Internal Revenue Tax Code which allows small businesses to take an accelerated tax write-off in the year of purchase for equipment which would otherwise be depreciated, or expensed over time. Most of the equipment in a dental practice qualifies, and under the right conditions, it can be a great tool to reduce your tax liability while improving and upgrading the technology in your practice. There are many pundits out there preaching the benefits of Section 179 as an incentive for Doctors to save on their taxes. Admittedly, there is a time and a place where we would agree; however, there are some Section 179 pitfalls practice owners need to be aware of and consider when making that determination.Let’s take some time to go down the “rabbit hole” and learn some rules to be aware of when considering Section 179.Rule 1: Only your Tax Professional knows best.There are so many nuances and details of Section 179 that it is essential for you to consult with your Tax Professional prior to pulling the trigger on this. Projections and planning for your current year as well as future years is critical. Many times it is in the future years where the potential problems with Section 179 become apparent. Only your Accountant knows for sure if electing the Section 179 Deduction is beneficial to you.Rule 2: Your equipment sales rep is NOT your Tax Professional.In all the excitement of the year-end sales frenzy, your equipment sales rep will most likely illustrate the maximum one-year “tax savings” for you with a quick spreadsheet calculation. I wish this were that easy, but it’s not. As my accountant likes to tell me repeatedly…”It depends, David!”“It depends, David”Maurice, my AccountantBuyer beware here…this calculation is an estimate only and should have the disclaimer, “for illustrative purposes only!”Without a comprehensive understanding of the doctor’s financial situation and tax bracket, an equipment sales rep does not have sufficient information to determine the amount of money a doctor will save. You as the doctor must consult with your tax advisor before making a large purchase.Remember Rule 1: Only your Tax Professional Knows Best!“Knowing the name of something doesn’t mean you understand it.”Richard FeynmanRule 3: Knowing the name of something doesn’t mean you understand it.It seems at year-end everyone is talking about “Section 179 Write-Off”, or “Section 179 Deduction”. At this time of year, this is the most common question our consulting firm is asked, “Can I use the 179 Write Off?”, or “How much more equipment can I buy to save taxes?” So, just because someone espouses this term does not mean they know or understand it! You can hear it called a “write-off”, a “deduction”, an “accelerated expensing”, or even an “accelerated depreciation”. So many terms, but so little time!So which is it? An expense? A deduction? A Write-off? A depreciation?How exactly does Section 179 reduce your taxes?If you don’t know, listen here.To understand how Section 179 reduces your taxes we must appreciate, in basic terms, how your financial statements work and how they are interrelated; the Balance Sheet, the Income Statement or P&L, and the Statement of Cash Flows.First, Capital Equipment purchases are classified as Assets and appear on your Balance Sheet, completely avoiding your Income Statement. The Income Statement shows your Revenue and all the expenses incurred to generate that revenue, not your assets.Capital Equipment is Expensed in the Income Statement through the process of Depreciation. Depreciation is a complex accounting topic best delegated to your Accountant. As the business owner, you should understand that the Depreciation expense accounts for the loss in economic value, over time, of an asset. This loss is the result of wear and tear, consumption, the effects of time, as well as obsolescence. This Depreciation expense is a NON-Cash expense, as no cash is exchanged here, i.e. no check is written. Think of it as an accounting entry or “adjustment”. Be aware there are several methods Accountants can use to depreciate assets. As a result, it is acceptable to calculate depreciation for taxes differently from how depreciation is recorded for accounting purposes.So, say you purchased that new Cone Beam Scanner for $100,000 and your accountant recommended a 5-year depreciation schedule to match your 5-year bank loan. Assuming the equipment will be fully depreciated to a book value of zero, your depreciation would be $20,000 per year.This $20,000 shows up on your Income Statement as a Depreciation Expense, thus reducing your Net Income by $20,000.Remember, your Net Income is linked to your Balance Sheet through the Retained Earnings section. This $20,000 depreciation expense effectively lowers your Retained Earnings by the same $20,000. Since most dental Corporations are Pass-Through Entities and not subject to taxation, your $100,000 Cone Beam Scanner, depreciated at $20,000 per year has effectively reduced your Taxable Income by $20,000 and at a 35% tax rate saves you $7000 in taxes each year.So what does Section 179 do? It allows you to take an accelerated depreciation and fully deduct the entire expense of the equipment in the year of purchase. Please note there are restrictions and limitations to all tax codes, consult your Tax Professional for all those details.In our Cone Beam example, depreciating the entire $100,000 purchase reduces your Net Income and effectively your Taxable Income by $100,000, saving up to $35,000 in taxes.Remember, and the key point here, your mileage may vary, as may your tax savings. Only your accountant knows for sure if Section 179 is beneficial to you. Remember Rule 1: Only your Tax Professional Knows Best.To further complicate Section 179 there is also something called Bonus Depreciation; kinda like a “cousin” to Section 179. Bonus Depreciation also allows for a 100% depreciation of qualified assets. Simply stated, Section 179 provides greater flexibility than just bonus depreciation alone. With Bonus Depreciation, you can create a tax loss, but with Section 179, you can only bring the taxable income down to $0. As you can quickly appreciate, the entire discussion of depreciation, Section 179 and Bonus Depreciation, along with the many other depreciation methods can get very technical and complex, well beyond my expertise. Certainly, well beyond the expertise of a Dental Equipment Sales Professional. While it is important for you to understand depreciation and how it affects your financial statements, I recommend that you save yourself some time and leave depreciation calculations to the accounting experts.“Depreciation Selections, Schedules and Calculations are NOT for do-it-yourselfer’s!”Dr. David DarabAt this juncture, I can’t resist reviewing for you, the effect a Capital Expenditure has on your financial statements…Let’s take a look!When you purchase a $100,000 ConeBeam machine with the financing you add $100,000 to your Cash Asset on your Balance sheet and create a $100,000 Loan Liability. Remember, your Balance Sheet must Balance; Assets must equal Liabilities plus Owner’s EquityWhen purchased, the $100,000 cash from the loan is converted into a $100,000 equipment asset on the balance sheet.Your monthly loan payment of about $1800 (4.5% over 5 years) breaks down into principal payment of approximately $1700 and an interest payment of about $100. The principle payment appears on your Statement of Cash Flow while your interest payment appears on your Income or Profit and Loss Statement as an Interest expense. We already mentioned the depreciation expense will appear on the Income Statement too.There you have it. If you need a refresher on the key financial statements please go back and listen to my podcast series on each one! It will get you up to speed on how to talk finance, the language of business. After listening to my series, rest assured, you will know more about business and financial statements than 98% of your colleagues, guaranteed!Rule 4: You should never be in a hurry to buy equipment!Section 179 is available to you year-round, not just in the closing days of the year. It is not a time-limited offer valid in December only!There is no special Tax Magic for Section 179 at year-end. Ideally, you should be carefully planning your major capital expenditures throughout the year, not rushing at the last closing moments of the year to get the equipment installed. The rush and panic are created because, in order to qualify for the Section 179 Deduction, the equipment must be purchased and put into service by December 31!So, please feel free to purchase your needed equipment throughout the year, not just in December, and still take advantage of Section 179 Depreciation while enjoying using your new technology.Rule 5: You get the maximum deduction with or without Section 179.It is important to realize that all Capital Equipment will be fully depreciated per the depreciation schedule chosen by your accountant. Section 179 does not allow for any additional depreciation. Section 179 just takes all the depreciation in one year, no more, no less. No special magic or secret sauce.Listen on for potential traps and blindspots though, it is never as simple as the salesperson makes it out to be.Rule 6: You Still Have to Pay for the Equipment!Write off, deduction, expensing all sound wonderful, but none of these verbs reduce the cost of your equipment. You must still pay for it.After all the high fives and celebrating over your massive Section 179 year-end deduction that just saved you lots of money on your taxes, you are left with the reality of paying on your banknote for the next 5 years or so.In future years, you have now completely lost the depreciation expense and deduction on your income statement, since you took all of your depreciation in the year of purchase by electing Section 179. Many call this the Section 179 “tax trap” that “catches” you in future years. You are now left with the reality of higher net income, higher personal taxes along with loan repayments for your equipment purchase. This potential “double whammy” repeats during the period of your loan repayments.This is a huge blind spot and potential pitfall when Section 179 is elected.Follow me here…You load up on equipment, pay with debt and expense it all through Section 179. You are happy to owe so little in taxes, the equipment rep is happy, and your CPA looks like a genius.But…, and there is always a “but”…In future years you now have less cash because you are now paying on your debt service, and without any deductions, remember you elected Section179, you now have a higher taxable income and the corresponding tax bill that further reduces your cash!Rule 7: If you fail to plan, you plan to fail.With all the year-end excitement and frenzy is sounds like a great idea to be able to write everything off, but doing so may not result in all the tax savings claimed. In deciding whether to elect Section 179 or Bonus Depreciation, doctors need to think about what future earnings are expected. One might want to save some deductions to offset future income when earnings and taxes could be higher.As with any tax decision, you cannot look at the current year with blinders on. Before making a decision to take the Section179 deduction, it’s important that you and your accountant discuss not only this year’s tax implications but also the impact it will have on future years as well. Ask your accountant if the refund I get this year is at the expense of next year. Don’t fall for the Section 179 Tax Trap! You have just been warned.Rule 8: Never buy a tax deductionYour goal to pay as much tax as you can! Yes, let me repeat that paying taxes is ok, in fact paying more taxes is even better. Paying more taxes means you must have more income as well. We here at OmniStar believe that maximizing and growing your income is the key to growing your wealth and becoming financially independent. Minimizing taxes is not a strategy that will grow your wealth or help you become financially independent.Spending your cash to buy a tax deduction never creates wealth. Your deduction reduces your taxable income by the amount of your expense. This is identical to buying something on sale. If your marginal tax rate is 35%, then you get everything the practice buys at 35% off. The kicker is, any many forget, you still have to pay for the 65%. Said another way, would you spend $1000 to save $350? Understand that simple question along with the answer and you are well on your way to creating wealth.So, time to sum things up here.We have learned that Section 179 has no special powers or magic, it simply allows you to fully depreciate your capital equipment in the year of purchase. As with all Internal Revenue Tax Code, there are rules, limitations, and restrictions that apply. Listeners are urged to consult a qualified Tax Professional for guidance here. Your sales rep is not equipped to provide you such guidance. Planning for future years is critical so the timing of your depreciation expense aligns with your future income growth. Such planning can help you avoid the Section 179 tax trap where Fantom Income, and its associated tax bill, is created when your depreciation expense was used up in the prior year by electing Section 179. This is a double whammy with higher taxes along with debt service on your equipment loans, creating negative cash flow.Also, avoid the year-end rush and frenzy, budget and buy your capital equipment and start using it anytime during the year; Section 179 is available to you year-round.Remember, Section 179 only accelerates depreciation, it does not allow any additional write-offs, deductions or depreciation.And finally, never buy a tax deduction. If you need the equipment to better your patient care, then, by all means, purchase it, but buying it solely for its tax deduction is a wealth destroying strategy.We hope that this information has created a few “Ah-Ha” moments, or stimulated some additional questions you can direct to your advisers. Hopefully, you now have a better understanding of what Section 179 is, and more importantly, what it is not!We welcome your questions here at OmniStar Financial. Our Team is experienced and will help find answers to your questions regarding Capital Equipment Budgeting. We welcome the chance to help you grow your practice and improve your profitability. Our contact information can be found on our website [OmniStarfinancial.com]. You will also find a link there to sign up for our newsletter.Be sure to check our show notes too.Please share this podcast if you found it helpful, and leave a review on iTunes too. We welcome your feedback and suggestions for future podcast episodes. You can always find me, your host, David Darab, at my twitter handle, @ddarab.Thank you so very much for tuning in and listening. We are very grateful for your time and attention and so very pleased to have you in our audience.And now for the required Legal Disclaimer:David Darab, DDS, MS, MBA REFERENCES:Section 179 Information for Businesses | Section179.Orghttps://www.section179.org 2019 Section 179 Tax Deduction Calculator | Section179.Orghttps://www.section179.org/section_179_calculator/   

With the end up the year coming up, my mind is focused on what I can do to mitigate my tax burden.  We’ve done multiple investor club webinars on different strategies already this year within investor club. However, my favorite strategy to minimize my tax liability is to maximize depreciation. As it turns out, I have […] The post Bonus Episode: Cost Segregation and Bonus Depreciation! appeared first on Wealth Formula.

Cost Segregation is a tool given by the tax code to real estate investors that improves cash flow instantly.  Jodi Nielsen, National Senior Account Manager & David Deshotels, Executive Vice President of Cost Segregation Services Inc provide real estate investors with the how and why they can utilize the tax code to lower their taxes, save money, improve cash flow.   FREE: TAX SAVINGS COST ANALYSIS  Cost Segregation Study Cost Segregation Study takes an engineering approach to determine what the components of the building are.  Then, it breaks the whole building into its components parts. These component parts are then categorized as personal property, and assigned a life expectancy of 5, 7 or 15 years.   Depreciation Depreciation is the accounting of a portion of the whole that has been used up, and is loss.  This loss reduces its value and is accounted for annually when filing income taxes. It is an expense against income.  Subtracting this depreciation expense from income reduces your taxable income.   Straight line vs Accelerated  Start with a value of $100,000 Pre Tax income of $20,000   Straight line: 27.5 years: $100,000 / 27.5 = $3,636 annual depreciation expense.   Taxable income: $20,000 Depreciation: - $3,636  Taxable Income: $16,364   Accelerated Depreciation: 5 years: $100,000 / 5 = $20,000 annual depreciation expense.   Taxable income: $20,000 Depreciation: -$20,000 Taxable Income: $      0 This shorter timeline accelerates the depreciation and increases the depreciation expense, which lowers the Taxable Income and increases cash flow.   The net result can be tax free income for the real estate investor.  This is especially true in the early years of ownership. This is one of the primary incentives for investors to hold real estate.   Bonus Depreciation Bonus Depreciation used to be available only for buyer or builder of a new property.  The new tax laws allow you an additional 100% depreciate any eligible property if it is new to you.  This adds to the value of a cost segregation study.    Partial Asset Disposition Partial asset disposition allows you to take into account and write off the loss of the unused property when you replace elements of your building.   For instance, if you buy a building and have to replace the carpet. If you expense the cost of the new carpet, you will get to record the expense of the new item, but will not get the benefit of the unused property that you tossed in the dumpster.   Additionally, if you have not done a Cost Segregation study, you will miss out on the additional depreciation allowed in the 2017 tax act.  Bonus Depreciation provides an additional amount of depreciation for qualifying property in year one of purchase.   Tax Payor Status Your tax payor status will determine how much depreciation you are allowed to use.   Real Estate Professional For those investors who are full time investors and do not have a W2 job, they can utilize the depreciation against 100% of their gross income.  Passive Real Estate Investor If you are a passive investor, and have a W2 job, you are allowed to deduct up to the amount of passive income received.  If you have more deductions than you can take, the deductions will be carried forward for future use. This can be used to offset the taxable gain when you sell the property. Misconceptions of Cost Segregation There are some common misconceptions around cost segregation.  Following are a few: Misconception: I can’t do a cost segregation study on my old building.   FACTS: This is not true.  As long as the building is new to you, you are eligible to utilize cost segregation. Misconception: My building is not worth enough to utilize cost segregation. FACTS:  As long as your building is worth $150,000, cost segregation may be of benefit to you. When Not to Use a Cost Segregation Study A cost segregation study will not work for you if you are a non profit that does not pay taxes.  Additionally, if you are looking to flip a property in less than 3 years, it may not be worth doing a study.   The recapture rate of Personal Property can be negated if planned for properly.  If you exchange into a new building, the Personal property recaptured, will be calculated at a higher rate than the permanent structure.  However, if you do a cost segregation study on the new property, you will have a new schedule of depreciation plus the bonus depreciation in year one.   BIGGEST RISK  Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”   BIGGEST RISK:   Per Jodi:  The biggest risk is you're sitting basically if you own a building you definitely owe it to yourself op to look at. Because you're sitting on cash that you don't have to sell another widget. You don't have to make another widget. You don't have to find another contract. It's your money that you're just basically sitting on by owning a building that you could use now. And so why not at least look at the look at the numbers to see if it makes sense for you at this time instead of letting more time go by just straight lining. And then also with the partial asset disposition I would say it's very important to take advantage of it. Per David:  We've had plenty of companies that have called us back years after having done their study. And they suffered catastrophic loss be it a tornado or fire or whatever it is and they won't say, do you guys still have those 500 pictures of my building that you took when you did the study? It's like sure we've got those and it's so we have they're building just completely documented from top to bottom one in the other. We'll come out and take hundreds and hundreds of pictures depending on the size of the property to completely document that. So if there is catastrophic loss it's it's a documentation to say hey here's what the building was. Here's all the furniture fixtures and so forth. And it's been very helpful to people in times of crisis. For more go to: Jodi Nielsen Phone: 651-210-1921 Email: jodi.nielsen@costsegregationservices.com David Deshotels Email: david@costsegregationservices.com

Joined by special guest Yonah Weiss, the eighth episode of The Mobile Home Expert Podcast delves into something we all find confusing, tax law. As a tax deduction expert who focuses on cost segregation, Yonah gets Glenn and Jason excited about the potential savings cost segregation can provide for MHP owners. Timestamps: :50 -- Meet Yonah Weiss, the cost segregation expert. 2:35 -- Cost segregation, the little-known tool for MHP owners and real estate investors. 3:41 -- What cost segregation actually is. 4:18 -- Depreciation, The IRS's gift to real estate investors. 5:16 -- Depreciative Capture Tax - what you pay when you sell a property. 6:18 -- Cost segregation as a one-time thing. 7:46 -- How cost segregation can help you have a better bottom line. 9:33 -- You can't save like this in other industries. 10:19 -- The opportunity to expand returns. 10:48 -- MHP and cost segregation. 11:36 -- It takes an expert, not just your accountant, to handle cost segregation. 13:48 -- MHPs benefit from cost segregation so much because of land improvements. 16:18 -- The average savings that result from cost segregation. 18:15 -- It's an underutilized tool. 18:48 -- Yonah's process. 20:43 -- How this applies to land lease parks. 21:48 -- Bonus Depreciation, a new law you may not know about, but is great for MHP owners. 25:05 -- The lot-lease MHP advantage when it comes to cost segregation. 25:54 -- Who should call Yonah? 27:24 -- How Glenn could have benefitted from cost segregation in his past. 28:30 -- Tax laws do have an expiration date. What's the future for this one? 29:16 -- What was the incentive that motivated this law? 31:23 -- Differences regarding allocation for park-owned homes. 32:30 -- How to find Yonah to request a free estimate.

Cost segregation is a strategy that commercial real estate investors use to maximize tax savings through bonus depreciation. Yonah Weiss is a business director with Madison SPECS and helps clients save tens of millions in taxes. He shares more about cost segregation studies, who should employ it and the types of properties that are most ideal.     Partner: Download a Free Sample Apartment Deal Package   Key Insights People invest in real estate because of Appreciation, Cashflow, and Depreciation Appreciation is the equity growth over time, monthly/quarterly cash flow and tax benefits from depreciation Depreciation is a tax deduction that assumes the property value is going down over time so you are allowed to reduce the value over 27.5 years, 39 for commercial Cost segregation allows you to separate the components of the property to identify items that depreciate on a 5-year schedule (plumbing, carpet) and a 15-year schedule (land improvements, sidewalks) Cost segregation study is ideal for properties valued at $1 million and more On a $1MM property, a cost segregation study could result in a $40k annual deduction over 5 years ($200k in total savings) New tax law include Bonus Depreciation, which allows you to take all of the 5 and 15 year deductions in the first year Deductions can offset other passive income gains and for qualified real estate professionals, it can offset all income gains Watch Out: Depreciation Recapture Tax   Resources: IRS: Cost Segregation Audit Techniques Guide   Tweet This: “Your depreciation starts over from Day 1 when you buy the property”     Connect with Yonah: LinkedIn Page Phone: 732-298-9002 Email: yweiss@madisonspecs.com   Leave us a review and rating on Apple Podcasts or Stitcher. Be sure to check out more info at TargetMarketInsights.com.    

This is part 2 of a 3 part series on taxes. Topics include 1) Cost Segregation for Maximizing Depreciation 2) 179 Expensing & Bonus Depreciation 3) Real Estate Professional Status 4) Avoiding Self-Employment Tax

In episode 162 of Financially Simple, Justin lists 49 deductions to reduce your tax bill. There are a number of ways to reduce the amount of tax payable as a Small Business Owner; some conventional, others… not so much. Justin goes over the obvious and not-so-obvious deductibles of a business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  COMPLETE TRANSCRIPTION: BLOG: 49 Surprising Tax Deductions for Small Business Owners TIME INDEX: 01:47 - Tax Deductions for Small Business Owners 03:24 - What is a Deduction? 04:56 - Qualified Business Income Deduction 05:43 - Bonus Depreciation 07:24 - Vehicle Expenses 08:24 - Home Office 08:50 - Home Renovations & Insurance 09:14 - Professional Services 09:23 - Employee Deductibles 11:13 - Opportunity Tax Credit 11:39 - Client & Employee Entertainment 12:42 - Dues & Memberships 13:06 - Legal Fees 13:16 - Office Building Deductibles 14:02 - Moving Expenses 14:18 - Home Landscaping 14:47 - Start-Up Expenses 14:52 - Travel Expenses 15:01 - Taxes! 15:14 - Machinery & Equipment Rental 15:24 - Interest on Loans 15:26 - Research & Experimental Costs 15:34 - Inventory for Services-Based Businesses 16:31 - Bad Debts 16:42 - Bank Charges 16:52 - Disaster & Theft Losses 17:05 - Carryovers from Previous Years 17:27 - Tools 17:54 - Unpaid Goods 18:07 - Continuing Education 18:19 - Advertising & Marketing 18:21 - Charitable Contributions 18:38 - Intangibles 18:45 - Some Examples of Unusual Deductibles 21:14 - Wrap Up USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! ______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

The TCJA made mostly favorable changes to bonus depreciation and Section 179 expensing, but the new rules also contain a few drawbacks to consider. Mike McGivney, Partner-in-Charge of Cohen & Company's Tax Department, and tax manager Jonathan Williamson offer insights on how businesses can take advantage of the changes and on the potential interplay with other areas of the tax code.

https://www.youtube.com/watch?v=W1UpHGh7Pf0 Trump's tax reform has made a lot of big changes to the tax code.  Because of the overhaul, our proactive tax team posted a series of blogs outlining the changes and what they mean for you.  When we read them, we knew right away that we wanted to share them with you. So, we brought Dustin Griffiths back on the podcast to share the changes we think are most relevant to the small business owner.  We're also sharing the links to all of their blogs to help you gain more clarity. Disclaimer: We've published this content for educational purposes only.  For individual recommendations and advice for your specific situation, please consult with a qualified tax professional. Listen to the Podcast This conversation expanded on each of the following topics.  We discussed examples and situations to help you understand how the changes will apply to you.  To gain the greatest understanding, be sure to listen to the conversation. Where Taxes Fit into the Cash Flow System Strategically (and legally) shrinking your tax liability is a huge part of fixing your money leaks.  But it's just one small step of a greater journey of building time and money freedom.   That's why we've put together the 3-step Entrepreneur's Cash Flow System.   The first step is keeping more of the money you make.  This includes tax planning, debt restructuring, cash flow awareness, and restructuring your savings so you can access it as an emergency/opportunity fund.  This step frees up and increases your cash flow, so you have more to save, and consequently, more to invest. Then, you'll protect your money with savings, insurance and legal protection.  Locating and solving your money leaks is just a temporary bandaid if there's risk that you could lose it. Finally, you'll put your money to work and get it to make more by investing in cash-flowing assets to build time and money freedom and leave a rich legacy. How Trump's Tax Reform Affects You Corporate Tax Rates Corporate tax rates went down from 34% to 21%.  However, C corps pay a double tax.  They're taxed at the corporate level and again at the individual shareholder level when you pay yourself.  Your total tax rate must account for both, and may effectively create a total tax rate of 36 - 51%. 20% Deduction for Pass-Through Entities Pass-through entities, like partnerships, S corporations, and sole proprietors, now will only have to claim 80% of business taxable income.  However, there are additional calculations if your AGI is over $315K or ($157K if you're single), and for service-based businesses, to determine if and how you can use this deduction. This is a “YUGE” tax savings for many small business owners!  Without doing anything differently, many of you are going to get a 20% reduction of your business's taxable income. Vehicle and Asset Purchases Asset purchases have received an expansion of the Bonus Depreciation and Section 179 definition, as well as the depreciation limits.  This allows you to deduct 100% of the depreciation up front, in many cases, being able to fully expense the purchase price in the first year, for new and used assets. This expansion puts more dollars in your pocket for large asset purchases.  However, the true test to determine whether to purchase an asset is whether you needed it in the first place. Business Expense Changes You can no longer deductions meals and entertainment expenses unless you use them for your employees. If you find that you had a lot of these entertainment expenses or eating out with clients, business just got more expensive. Changes in Real Estate Tax Laws For residential or commercial real estate investors, the reform simplified the definition of property improvements and limited the 1031 like-kind exchanges to real property.  Additionally, rules to inventory, including real property, allow you to deduct the purchase of inventory up-front...

RxSafe sponsor's this episode of the Pharmacy Podcast to help educate pharmacy owners, directors, and pharmacy business stakeholders about the benefits of Section 179 Tax Deduction.  2017 Deduction Limit = $500,000 This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2017, the equipment must be financed/purchased and put into service between January 1, 2017 and the end of the day on December 31, 2017. 2017 Spending Cap on equipment purchases = $2,000,000 This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" (because larger businesses that spend more than $2.5 million on equipment won't get the deduction.) Bonus Depreciation: 50% for 2017

RxSafe sponsor's this episode of the Pharmacy Podcast to help educate pharmacy owners, directors, and pharmacy business stakeholders about the benefits of Section 179 Tax Deduction.  2017 Deduction Limit = $500,000 This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2017, the equipment must be financed/purchased and put into service between January 1, 2017 and the end of the day on December 31, 2017. 2017 Spending Cap on equipment purchases = $2,000,000 This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" (because larger businesses that spend more than $2.5 million on equipment won't get the deduction.) Bonus Depreciation: 50% for 2017 Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. Please Note> Bonus Depreciation is available for new equipment only; used equipment qualifies for Section 179 Deduction, but does not qualify for Bonus Depreciation Special Guests: Trey Crawford Diket's Professional Drugs 1107 Jefferson Street Laurel 39442 Phone: 601-425-2527  Peter B Davison ADVANTAGE FINANCIAL SERVICES, LLC 221 Tunxis Road West Hartford, CT 06107 pdavison@advantage-financial.com website: www.advantage-financial.com O 860 233-7465 See omnystudio.com/listener for privacy information.