Tax Savings Strategies for Commercial and Investment Real Estate Owners
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.
