Capstan Live Podcast
The Capstan Tax Strategies team is known for cutting-edge industry insight, technical precision, and of course, our great personalities. “Capstan Live” delivers more of the same – straight to you! We’ll take on hot topics, real estate trends, and legislative updates with a focus on sharing the timely, straightforward, actionable information that you and your clients need. If you own real estate or advise someone who does, tune in to “Capstan Live.” Our strength, your tax savings – live!
March 17, 2023
Our new Short Takes series provides brief but thoughtful topic overviews — perfect for those times you just need a high-level view.
This month Bruce Johnson talks about:
- What makes multifamily facilities such great cost seg candidates
- How the IRA is changing the game for MF owners/developers
- Why MF remains a huge vertical amid current affordability challenges
And lots more, in just 15 minutes.
February 17, 2023
Capstan R&D Tax Credit experts Lindsey King and Carly Coker return to the pod to discuss the implications of Sec. 174 amortization.
- Interplay Between Sec. 174 and Sec. 41
- The Way We Were (i.e. Sec. 174 treatment before TY 2022)
- The Current Situation
- Rev. Proc. 2023-11 and What Makes it Taxpayer-Friendly
- The Impact of Mandatory Amortization
- What the IRS Will Be Looking For
- The R&D Tax Credit as a Mitigating Factor
January 16, 2023
Our new Short Takes series provides brief but thoughtful topic overviews — perfect for those times you just need a high-level view. This month Bruce Johnson talks about:
- What makes self-storage facilities such great cost seg candidates
- How expected yield may vary in urban v. suburban projects
- The repositioning phenomenon
And lots more, in less than 15 minutes.
December 19, 2022
Join us for an action-packed discussion of the Top Ten Things You MUST Know for TY 2022 in this special episode of Capstan Live! Terri Johnson, Bruce Johnson, and Ziv Carmel return to the pod for an all-star roundtable, reviewing a year’s worth of headlines, strategies, and analysis. Plus, special guest Jacob Wood cameos to talk about the latest R&D Tax Credit news. If you only listen to one episode of Capstan Live!, make it this one.
October 17, 2022
The IRA is bringing sweeping changes to EPAct 179D and 45L. Bruce Johnson — our resident energy expert — returns to the pod. He’ll walk us through what’s already changed, what will change next year, what isn’t changing, and what it all means. All the info and analysis you need to fully leverage the IRA in 2023 — don’t miss Capstan’s take on this groundbreaking legislation.
September 13, 2022
The R&D Tax Credit has come a long way, baby! Join Capstan Regional Director Jacob Wood as he traces the evolution of the Credit from its humble origin to the amplified and expansive Credit we enjoy today. Jacob will touch on the implications of all relevant legislation and will share the actionable info you need to take advantage of the Inflation Reduction Act’s new R&D provisions.
July 20, 2022
While EPAct 179D gets a lot of attention, 45L is often considered an “afterthought.” However, this oft overlooked credit packs a powerful punch, and is worthy of a podcast all its own. Join Terri Johnson as she digs into the details of this lucrative incentive and delivers the scoop on a timely strategy for 9/15.
June 20, 2022
The 754 step-up is notoriously complicated, and it’s easy to overlook the inherent cost seg potential while dealing with all the moving parts. Consider this episode your official reminder that the new basis and service date seen in a step-up may tee up an excellent cost seg opportunity. Capstan Partner Bruce Johnson walks us through the details, shares a few caveats, and allows Helena to finally share her original work, “Lucy and Ethel Buy a Chocolate Factory: A Section 754 Story.”
May 19, 2022
We are truly honored to welcome Rob Ord, Vice President of Operations for Unbeatable Mind. Having spent 16 years as a Navy Seal, Rob now brings the elite mental discipline of the military to corporate leaders, athletes, and anyone seeking self-refinement. By helping people unlock new levels of potential and self-mastery, Rob helps companies reach new heights of success. Join Rob as he guides Terri Johnson on a journey of mindfulness, balance, and the very science of breath. It might just be the most important podcast you ever hear.
May 16, 2022
Welcome Lindsey King and Carly Coker to the Pod! As part of Capstan’s R&D Tax Credits Division, Carly and Lindsey have successfully captured hundreds of R&D Tax Credits in a plethora of industries. They’ll walk us through the R&D Credit study process, review eligibility criteria, and explain exactly what constitutes a qualified research expense. Lots of real-life industries will be represented, including some that you didn’t see coming – breweries?! — and Lindsey and Carly will even share a few tricks of their trade.
April 18, 2022
In this episode, we do a deep dive into Qualified Improvement Property. This lucrative incentive packs a punch, but alas, all improvements do not fall under the QIP umbrella. Join Capstan Partner Bruce Johnson as he pulls apart the tax code definition, breaking it down to determine exactly what is – and what is not – considered QIP. If you deal with a lot of renovations, this episode is a must-listen!
March 23, 2022
Unless something changes on Capitol Hill, the golden days of 100% bonus depreciation are numbered. What’s a taxpayer to do? Could Section 179 Expensing help fill the void? Join Capstan Partner Bruce Johnson as we compare these strategies, speculate on the use of Section 179 moving forward, and address state limits on this federal incentive. We also discuss a strategic hierarchy of expensing, talk through a few examples, and quibble over the correct pronunciation of “hierarchy.” (Spoiler – no consensus is reached.)
March 3, 2022
Low inventory, high profit margins, and the LIFO method of accounting have resulted in a higher taxable income for many. Why wait for the Treasury to provide relief under Section 473? Special guest and industry giant Will De Filipps, CPA, PC, suggests that a far better strategy for avoiding additional tax burden is to take advantage of a beneficial provision already in the Regulations. Adopting this strategy can be achieved without advance permission from the IRS by complying with the Regulations and filing Form 3115. But time is of the essence.
Join Terri S. Johnson and Will De Filipps, CPA, PC for a fascinating discussion of what just might be a late-breaking game changer.
February 8, 2022
Capstan’s Director of Engineering Ziv Carmel makes a triumphant return to the pod! Many auto dealers are turning to cost seg to offset pandemic-related cash flow issues. Join us as Ziv explains why auto dealerships make such great candidates for cost segregation studies and what kind of first year tax savings are possible. As an engineer with decades of industry savvy, Ziv brings a unique perspective to the pod that is not to be missed.
January 10, 2022
Tax is season is here but have no fear! This special episode of Capstan Live! will get you up to speed with an action-packed discussion of the Top Ten Things You MUST Know for TY 2021. Terri Johnson, Bruce Johnson, and Ziv Carmel return to the pod for an all-star round-table, reviewing a year’s worth of headlines, strategies, and analysis in a tight 40 minutes. If you only listen to one episode, make it this one!
November 18, 2021
Capstan Partner Bruce Johnson joins us for to discuss these great tax strategies and to weigh in on what food-related simile would best describe their use in tandem. PLUS – new final regs redefine what can be considered “Real Property” for the purposes of a 1031 Exchange. Bruce has the scoop on this breaking news, and explains why it’s a win!
What’s So Great About the TPRs?
October 29, 2021
What’s So Great About the TPRs? Join Capstan Partner Terri S. Johnson as she sings the praises of the Tangible Property Regulations. Terri’s attitude is contagious, and you’ll find yourself excited about expensing options, enthused about the BAR and Materiality Tests, and positively over the moon about Partial Asset Disposition. And the best thing about the TPRs? They play very nicely with other tax strategies…
Depreciation and the Non-Profit Tenant: What’s the Scoop?
October 7, 2021
On this episode we tackle a complicated subject – how should owners treat tax-exempt use property regarding depreciation? A topic this tricky calls for a very special guest, and we are honored to welcome Brian O’Sullivan, CPA, CVA, of the LG Legacy Group, LLC! Brian brings his signature wit and wisdom to the pod, guiding us through an analysis of the MACRS vs ADS decision process for both tax-exempt tangible personal property and non-residential real estate. PLUS, download our all-new Capstan tool – our ADS Flowchart for Tax-Exempt Use Property.
Green is the New Black
August 19, 2021
It IS easy being green now that the EPAct 179D tax deduction has been permanently extended! And another year of 45L tax credits is just icing on the cake… Join Bruce Johnson, Founding Partner, as he talks us through the subtleties of these energy-efficient real estate tax incentives, touching on eligibility, scope of savings, and study logistics.
August 12, 2021
Founding Partner Bruce Johnson is back on Capstan Live, discussing the evergreen nature of multifamily property. Why do investors continue to flock to the multifamily sector? How has recent legislation enhanced the potential tax savings on these properties? And what is Bruce’s personal favorite tax strategy? All will be revealed in this episode of Capstan Live.
The Life Cycle of Real Estate
August 5, 2021
Capstan Managing Partner Terri S. Johnson, CRE, takes us on a lively walk through the Life Cycle of Real Estate. We’ll discuss the utility of cost segregation at each stage of the cycle and highlight planning notes that can put the thoughtful investor ahead of the game. Plus, request a copy of our new infographic called – surprise! – The Life Cycle of Real Estate.
PRACTICAL KNOWLEDGE FROM THE PARTNER YOU TRUST
The tax code keeps evolving, and it can be hard to get to the bottom line. We cut through the noise and deliver the information you need.
Services for CPAs
In the face of growing tax code complexity, it’s almost impossible to cover every area with in-house resources. For expertise in understanding and applying the myriad of complexities with the Tangible Property regulations and other IRS Code impacting commercial real estate, turn to Capstan Tax Strategies.
Services for Business Owners
Accelerating depreciation has long been a strategy employed by real estate owners to take advantage of immediate tax savings. The Tangible Property Regulations and the recent Tax Cuts and Jobs Act has created significant opportunities that elevate the many uses of Cost Segregation Studies. Learn how Capstan can help.
Schedule a Call with Us Today
Getting started is simple. Whether you’re an accounting firm or own/lease commercial real estate, contact Capstan for a free consultation. We will assess your needs.
Capstan Tax Strategies
200 Dryden Road
Dresher, PA 19025