Tag Archives: Tax Benefits

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Esoteric Tax Planning Strategies For American Businesses with Matthew Kirk (Ep. 95)



Every business owner wants to save on taxes, and there’s a variety of tax planning strategies available in the US.

In this episode, John and Michael Parise speak with Matthew Kirk from Holland & Knight about an esoteric tax planning strategy that not many American businesses know about. Matthew gives an overview of the tax benefits in Puerto Rico and the Virgin Islands, explains the rationale behind them, and unpacks some of the finer details, cautioning businesses to speak with a proactive financial professional about using this strategy.

Matthew discusses:

  • An overview of the tax benefits in Puerto Rico and the US Virgin Islands and the differences between the two
  • The rationale for the tax benefits in both US territories
  • The importance of discussing the small details and any questions about these jurisdictions with proactive financial professionals
  • And more!

Connect with Matthew Kirk:

Connect with John and Michael:

About Our Guest: 

Matthew Kirk is a private wealth services attorney in the Holland & Knight’s Atlanta office. Matthew focuses his practice on designing and implementing sophisticated wealth planning and transfer strategies for high-net-worth individuals that often combine objectives of tax minimization, wealth preservation, succession planning, and business planning.


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Cost Segregation In Real Estate — Part 2 with Isaac Downing (Ep. 93)



Did you know that cost segregation studies can be conducted on commercial and residential properties?

This week on The Truth About Wealth, Isaac Downing, the regional director at Capstan Tax Strategies, is back to unpack everything you need to know about the 1031 Exchange and cost segregation studies within commercial and residential real estate properties. Isaac also outlines the tax benefits these studies can provide to passive and active investors.

Isaac discusses:

  • The 1031 Exchange as a powerful tool within the real estate arena
  • How tenants can benefit from cost segregation studies
  • Ways accelerated depreciation works
  • Cost segregation studies according to different property types  
  • And more!

Resources:

Connect with John and Michael Parise:

Connect with Isaac Downing:

About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies.  Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary.  A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance.