CashFlow Quest Episode 41
Mastering Tax Strategies for Real Estate Investors with CPA Andy Farkas
In this episode of ‘Cashflow Quest’, the hosts welcome Andy Farkas, a seasoned CPA from Farkas Advisors. They discuss comprehensive tax strategies focusing on real estate investments and how end-of-year planning can drive significant value. Andy shares his path to becoming a CPA, emphasizing his deep specialization in real estate tax. He elaborates on the importance of becoming a real estate professional to maximize tax benefits, including leveraging cost segregation studies and 100% bonus depreciation. They also cover strategic tax planning methods, the impact of recent tax legislation, and the benefits of using S corporations for service-based businesses.
The episode is packed with valuable insights for high-net-worth individuals and anyone looking to optimize their tax liabilities through smart real estate investments.
Andy Farkas is a CPA and real estate tax strategist, and the founder of Farkas Tax Advisors—a fast-growing firm specializing in advanced tax planning for real estate investors and entrepreneurs. With deep expertise in cost segregation, bonus depreciation, and entity structuring, Andy helps clients legally reduce taxes, maximize deductions, and build long-term wealth. / andyfarkas https://www.farkascpa.com/
Resources: Section 461(l) Excess Business Loss Limitation : https://www.irs.gov/forms-pubs/about-…
California Franchise Tax Board (FTB) : https://www.ftb.ca.gov/
Net Investment Income Tax : https://www.irs.gov/newsroom/question…
IRS – S Corporation Election (Form 2553) : https://www.irs.gov/forms-pubs/about-…
Blake Comfort
Blake Co-Founded Comfort Communities in 2008 and began working to acquire manufactured home communities in order to build the investment and management company that exists today. Comfort Communities first manufactured home community was purchased in 2009 and has continued to grow and purchase many more manufactured home communities ever since. Blake currently handles all the business development & acquisitions for Comfort Communities.