#059: Using Cost Segregation to Save on Taxes

November 26, 2018

Podcasts

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Headline reads; IRS uses boring term “cost segregation” to hide benefits to taxpayers!

Tax consultant Yonah Weiss shares the secret of how depreciation on real estate can be divided into different categories and timeframes to save thousands of dollars on taxes.

Discover why it’s worth finding a real estate focused CPA who understands the benefits of cost segregation.

SHOW NOTES

0:50 – Introducing the topic for this show, saving money on taxes using cost segregation, and welcoming Yonah Weiss from Madison Commercial Real Estate Services.

1:33 – Some of Yonah’s background.

4:11 – Background on cost segregation.

6:00 – How depreciation can be divided into different categories and timeframes.

7:30 – What Yonah would rename cost segregation to be more user-friendly.

8:32 – An example of how cost segregation can work in practice.

11:11 – More details on how to look into setting this example up.

12:55 – Why it’s worth finding a real estate focused CPA.

13:52 – Contacting Yonah for a complementary assessment.

15:08 – Success stories from a couple of Yonah’s clients.

19:36 – Resources Yonah recommends to learn more about cost segregation.

20:42 – Yonah’s last word for the audience to act on.

Resources and Links Mentioned: