• Terri Johnson: Unveiling the Secrets of Cost Segregation and Tax Credits

  • Jul 3 2024
  • Duración: 31 m
  • Podcast

Terri Johnson: Unveiling the Secrets of Cost Segregation and Tax Credits  Por  arte de portada

Terri Johnson: Unveiling the Secrets of Cost Segregation and Tax Credits

  • Resumen

  • About Terri Johnson:Terri S. Johnson, CRE, co-founder and managing partner of Capstan Tax Strategies, is dedicated to helping commercial real estate owners and investors achieve significant tax savings through engineering-based tax strategies. With 24 years of experience, Terri is a renowned expert in cost segregation, having authored articles, appeared on podcasts, and spoken nationally. She educates the public on real estate tax incentives and provides tailored training sessions for clients. Terri collaborates with CPAs to simplify complex tax laws, creating tools that distill legislative changes into accessible charts and graphics, and offers client-specific consulting to integrate new regulations into business processes.A past president of CREW Philadelphia and a former director of the CREW Network, Terri also served as a CREW Foundation trustee. She is a Counselor of Real Estate and an associate member of the Pennsylvania Apartment Association-East and AICPA. Recognized by SmartCEO Magazine with the Brava! Award in 2010 and as a Future 50 member in 2017, Terri has also achieved Masters Level in Strategic Coach. She is a member of the Athenaeum of Philadelphia and was named a Rothman Institute Ambassador in 2014. Terri graduated from the University of Alabama, Tuscaloosa, in 1982.In this episode, your hosts, Jason and Scott, together with Terri Johnson discuss:The impact of taxation on wealth accumulation and strategies to reduce unnecessary financial lossCost segregation as a method to accelerate depreciation of real estate assets and increase cash flowGovernment incentives for energy-efficient commercial and multifamily buildingsQualifying for the research and development tax credit by improving processes or designing new conceptsUtilizing depreciation deductions and tax credits to lower tax burden for high net worth individuals who own real estateKey Takeaways:Cost segregation studies can provide significant tax benefits for real estate investors by categorizing components into shorter depreciation periods, particularly when combined with bonus depreciation.The threshold for considering a cost segregation study is typically around $1 million, but it can be lower for portfolios of properties, making it accessible to a wide range of investors.Companies can take advantage of the research and development tax credit by engaging in projects that involve technology, engineering, or sciences, and involve a process of experimentation based in the United States.High net worth individuals who own real estate can significantly lower their annual tax burden by strategically utilizing depreciation deductions and tax credits available to them.Creating a positive company culture and building lasting relationships are key factors in achieving success and leaving a meaningful legacy in one's career."And as I have grown and the world has changed, I have found that much easier to just be myself and to enjoy what I do and hopefully help people along the way. I mean, that's really what it's all about, is relationships.” — Terri JohnsonConnect with Terri Johnson: LinkedIn: https://www.linkedin.com/in/terrijohnsoncapstan/ Website: https://capstantax.com/ Connect with Jason and Scott:Website: https://henderxcapital.com/masteryourmillionsX (Twitter): @MasterYourMs https://twitter.com/MasterYourMs Facebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @henderxcapital https://www.instagram.com/henderxcapital/ @jasonihenderson https://www.instagram.com/jason.henderson/ Email: jasonchem@gmail.com, scott@henderxcapital.com
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