Curt Gautreau and Joel Grushkin talk about how owners of commercial real estate can take advantage of new tax laws that come into effect in 2014 in order to lower their tax burden.
Mr. Gautreau is the President of Cost Segregation Initiatives (CSI), and is based out of the company’s Baton Rouge office in Louisiana. Throughout his career, his accounting focus has been on emerging businesses. While this is a board area of accounting, he has narrowed it further to the specific aspect of real estate management and development.
Joel is San Diego Regional Director of CSI, a real estate specialty consulting firm, providing cost segregation studies and other cash-flow solutions to commercial property owners throughout the United States. For those of you who are not familiar with the term cost segregation – this is a study that helps reduce current income tax obligations by identifying and reclassifying personal property assets to shorten the depreciation time for tax purposes.
They talked about the tax code changes taking effect on January 1, 2014 and how they affect commercial real estate. These two experts will be giving real world examples of how these changes may help an owner recoup a large portion of the costs for a commercial property renovation for an existing project, and how they can apply this code section on properties purchased in the last several years.
Listen to a podcast of how commercial real estate owners can lower tax liability in 2014.
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