Inside the Vault - Ep 50 - Tax Savings Strategies for Commercial and Investment Real Estate Owners

Описание: Join host Dave Miller on this episode of "Inside the Vault" as he welcomes Vanessa Wallace Clunies from Tangible Property Tax Methods (TPTM). Vanessa brings a wealth of experience in accounting and real estate tax strategies to help businesses and real estate investors optimize their tax planning through effective cost segregation.

In our discussion, we dive into the core principles of cost segregation, an IRS-approved method that allows property owners to accelerate depreciation on their real estate investments. Vanessa explains the importance of engineering-based studies in accurately classifying property components and highlights the types of properties that can benefit most from this approach. Vanessa shares actionable insights on conducting a cost segregation analysis, including the required documentation and the potential tax savings.

To learn more about Tangible Property Tax Methods (TPTM), visit their website at www.taxmethodexperts.com.

Thank you for listening to this episode of "Inside the Vault". Subscribe today and follow us for updates, and if you have any questions or topics you would like to hear about, please email us at [email protected]!

Video Chapters:
00:00:00 - Introduction to Inside the Vault
00:00:16 - Meet Vanessa Wallace-Clunas
00:01:01 - Overview of Tangible Property Tax Methods (TPTM)
00:02:27 - Understanding Cost Segregation
00:03:49 - History of Cost Segregation
00:04:24 - Applicability to Property Types
00:05:18 - Best Property Types for Cost Segregation
00:06:02 - Depreciation and Expensing
00:07:15 - Cost Segregation Analysis Process
00:09:13 - Eligibility for Cost Segregation
00:10:08 - Airbnb and Short-Term Rentals
00:11:06 - Defining Real Estate Professionals
00:12:21 - Tax Benefits of Real Estate Professionals
00:12:58 - Cost Segregation Savings Examples
00:14:06 - Cost vs. Benefit of Cost Segregation
00:14:47 - Importance of Record Keeping
00:16:28 - IRS Filing Requirements
00:18:21 - Tangible Property Regulations (TPR)
00:19:32 - Capitalization vs. Expensing
00:20:46 - RABI Rules Explained
00:22:21 - Cleaning Up Depreciation Schedules
00:24:06 - Challenges in Repairs and Maintenance
00:25:05 - Impact of Recent Legislation
00:27:12 - Consequences of Non-Compliance
00:30:25 - When to Pay Attention to Cost Segregation
00:31:12 - Cost Threshold for Cost Segregation
00:31:41 - Timeline for Cost Segregation Studies
00:32:42 - Resources for Learning More
00:34:02 - Final Advice for Real Estate Owners