Tag: Depreciation
Unlock Wealth You Didn’t Know You Had with Eric P Wallace (Ep. 105)

Unlock Wealth You Didn’t Know You Had with Eric P Wallace (Ep. 105)

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Are you leaving money on the table?

If you’re a high-net-worth family or business owner, hidden tax savings could add up to millions in your real estate or business. 

But how do you find them?

This week on Live Life Liberated, Derek Myron sits down with tax professional Eric P Wallace to talk about strategies that unlock significant financial opportunities. They cover everything from speeding up real estate depreciation with cost segregation to revisiting past expenses and finding missed deductions through Tangible Property Regulations (TPRs). 

If you’re looking for practical, powerful ways to maximize your wealth and fine-tune your financial plan, this release is worth a listen!

Talking points include:

  • Cost Segregation: Accelerate depreciation of real estate components to uncover immediate six- or seven-figure deductions
  • Tangible Property Regulations (TPRs): Reclaim missed deductions retroactively by scrubbing your depreciation schedule for improperly capitalized expenses
  • Change in Accounting Methods & Private Letter Rulings (PLRs): Unlock significant tax deferrals with IRS-approved adjustments, ideal for businesses generating $50M+ in revenue
  • Collaboration with CPAs: How niche specialists complement your existing CPA relationship to uncover hidden opportunities
  • Real-Life Success Stories: Learn how clients across industries—from construction to fast food—discovered millions in missed tax savings
  • And much more!

Connect with Derek Myron:

Connect with Eric P. Wallace:

Connect with Centura Wealth Advisory:
34. Minimizing Taxes Through Cost Segregation With Isaac Downing

34. Minimizing Taxes Through Cost Segregation With Isaac Downing

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Are you aware of how cost segregation (Cost Seg) can minimize your taxes? It helps you reduce your tax liability by accelerating depreciation on real estate assets.

In this episode, Sean Clark, Director of Planning, interviews Isaac Downing, Regional Director at Capstan Tax Strategies, and an expert in the cost segregation landscape. Isaac explains how to understand the different components of cost segregation and discusses how you can implement it effectively to optimize your taxes.

Isaac discusses:

  • How to categorize assets into different buckets based on their depreciable lives
  • The ideal time to utilize cost segregation
  • Ways in which the Tax Cuts and Jobs Act affected cost segregation
  • What bonus depreciation is – and the associated tax benefits
  • And more

Connect With Isaac Downing:

Connect With Centura Wealth Advisory:

About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies. A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance. After a stint managing over $3B worth of fixed assets for a luxury hotel REIT, he began performing cost segregation projects in-house. Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

Archives

Categories