January 06, 2025

Unlock Wealth You Didn’t Know You Had with Eric P Wallace (Ep. 105)

35 minutes

Are you leaving money on the table?

If you’re a high-net-worth family or business owner, hidden tax savings could add up to millions in your real estate or business.

But how do you find them?

This week on Live Life Liberated, Derek Myron sits down with tax professional Eric P Wallace to talk about strategies that unlock significant financial opportunities. They cover everything from speeding up real estate depreciation with cost segregation to revisiting past expenses and finding missed deductions through Tangible Property Regulations (TPRs).

If you’re looking for practical, powerful ways to maximize your wealth and fine-tune your financial plan, this release is worth a listen!

Talking points include:

Cost Segregation: Accelerate depreciation of real estate components to uncover immediate six- or seven-figure deductions

Tangible Property Regulations (TPRs): Reclaim missed deductions retroactively by scrubbing your depreciation schedule for improperly capitalized expenses

Change in Accounting Methods & Private Letter Rulings (PLRs): Unlock significant tax deferrals with IRS-approved adjustments, ideal for businesses generating $50M+ in revenue

Collaboration with CPAs: How niche specialists complement your existing CPA relationship to uncover hidden opportunities

Real-Life Success Stories: Learn how clients across industries—from construction to fast food—discovered millions in missed tax savings

And much more!

Connect with Derek Myron:

[email protected]

LinkedIn: Derek Myron

Connect with Eric P. Wallace:

LinkedIn: Eric P. Wallace, CPA

Connect with Centura Wealth Advisory:

(858) 771-9500

Centura Wealth Advisory

LinkedIn: Centura Wealth Advisory

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By Centura Wealth Advisory

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