Can anyone recommend an excellent tax adviser?

Tax, SDIRAs & Cost Segregation
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Can anyone recommend an excellent tax adviser?

Guy Yiftach
Lender · Miami area, FL · Member since 2017 · 6 posts · 0 votes

Hello

I am seeking professional tax advice. Specifically regarding Section 179 depreciation and bonus deductions. Can anyone recommend someone? Ideally it would be someone experienced in these matters, who is willing to speak with me to gather info and answer, provide advice and answer questions. Thank you!

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Yonah WeissPro Member
Cost Segregation Expert and Investor · Lakewood, NJ · Member since 2017 · 1k+ posts · 1k+ votes
5y

@Guy Yiftach there are plenty of great CPAs on this site. @Brandon Hall knows this stuff really well. 

I would be happy to speak with you as I know these two areas pretty well, but am not a CPA.

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  • Christopher Parsons
    Edmonds, WA · Member since 2019 · 61 posts · 46 votes
    5y
    Check out Mark Kohler on YouTube. He has a lot of great content and his first operates in all 50 states.
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  • Guy Yiftach
    OP
    Lender · Miami area, FL · Member since 2017 · 6 posts · 0 votes
    5y
    Originally posted by @Christopher Parsons:
    Check out Mark Kohler on YouTube. He has a lot of great content and his first operates in all 50 states.

    Thanks. Does he provide consulting/planning? Too many "gurus" out there who just want you to buy their book, come to their conference or join their online course...

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  • Yonah WeissPro Member
    Cost Segregation Expert and Investor · Lakewood, NJ · Member since 2017 · 1k+ posts · 1k+ votes
    5y

    @Guy Yiftach there are plenty of great CPAs on this site. @Brandon Hall knows this stuff really well. 

    I would be happy to speak with you as I know these two areas pretty well, but am not a CPA.

    1Reply
  • John Warren
    Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    5y

    @Guy Yiftach are you looking to do a cost segregation study or do you just need info on taxes? You should connect with @Steven Hamilton II

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  • Guy Yiftach
    OP
    Lender · Miami area, FL · Member since 2017 · 6 posts · 0 votes
    5y
    Originally posted by @John Warren:

    @Guy Yiftach are you looking to do a cost segregation study or do you just need info on taxes? You should connect with @Steven Hamilton II

    Possibly. I may not have to. I need someone to get to know my position and advise me what is best to do. I will try Steven as suggested. Thank you very much.

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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    5y

    @Guy Yiftach

    The issue with 179 is that it is normally not available to residential real estate investments. The other issues are that you normally need positive income and depending on what state you invest/live in, it may need to be added back for state purposes.

    Bonus depreciation is moreso available for residential real estate investors but only certain items can be eligible for bonus depreciation.

    To add onto all of that - even if you can take bonus depreciation, it may or may not help you in the current year.

    Yes, taxes are complicated.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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