Joel Grushkin specializes in another aspect of commercial real estate called cost segregation, which is an IRS-sanctioned procedure of re-classifying the improvements and components of commercial buildings in order to increase cash flow and reduce income tax liability. In the show both experts addressed the issues surrounding the adoption of the new IRS regulations that took effect 1/1/2014, Sec 263, pertaining primarily to Repair and Maintenance of commercial real estate. Secondly, they discussed real estate acquisitions and specific contractual language sellers can put into a purchase agreement as it pertains to allocation of the purchase price and why this can be a costly mistake that is irreversible.
LISTEN TO PODCAST
Listen to a podcast of Joel Grushkin and Tom van Betten’s interview!