How Real Estate Owners Can Reduce Their Tax Burden with Cost Segregation

How can it be that one of the greatest rules in the entire tax code for owners of real estate goes mostly unnoticed by CPAs and tax professionals? Understanding the concept of cost segregation can save you literally thousands of dollars by reducing your taxable income. In this podcast, Yonah Weiss from Madison Specs explains all the key elements of cost segregation to help you learn how to increase your cash flow and owe less each year on your federal taxes so you can have more of your money to reinvest in your business or new real estate properties, thereby creating the wealth you deserve.

Listen to “How Real Estate Owners Can Reduce Their Tax Burden with Cost Segregation” on Spreaker.

There’s a huge difference between an accountant and a tax strategist. That’s why so few in the industry know that cost segregation event exists! This powerful income tax strategy for real estate owners is really just an advanced form of real estate depreciation, but understanding how to use it to your advantage is crucial. Cost Segregation is the IRS approved process of accelerating depreciation on a real estate asset by separating non-structural personal assets and land improvements from real property assets.

By performing a cost segregation study on an investment property, or property held for business, the owners are able to accelerate income tax depreciation deductions, recover missed accelerated depreciation deductions from previous years, improve cash flow, and create an audit trail. If you didn’t know you could do that, then listening to Mr. Weiss on this podcast is certain to be an eye-opener.

But there are certain nuances that must be followed that you have to be aware of to do this properlyv- including the hiring of a qualified engineer. And that’s where many questions arise. We urge you to contact Yonah Weiss by visiting his website at YonahWeiss.com. In addition, you can get more info at MadisonSpecs.com as well.

ABOUT OUR GUEST: Yonah Weiss

Yonah Weiss is Regional Business Director of Madison SPECS, a division of Madison Commercial Real Estate Services. Renowned for his knowledge in cost segregation, Mr. Weiss is a sought after resource throughout the Commercial Real Estate industry.

In addition to having saved his clients tens of millions of dollars in taxes, Mr. Weiss uses his unique ability to interact and connect with professionals and the layman alike to build strategic partnerships in the marketplace, creating win-win situations for all.

Mr. Weiss has hosted, or been a guest, on dozens of podcasts discussing the details of the cost segregation process, and the benefits for investors and owners of real estate. He has also authored numerous articles for industry publications and, as an expert in LinkedIn Networking, he has mentored dozens in the practice of using the platform as a springboard to accelerate business opportunities.

Mr. Weiss graduated in 2002 with a BA from San Diego University and is active as a volunteer in numerous non-profit and charity organizations.

IMPORTANT!
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.