Maximizing Tax Efficiency on High Incomes

In this episode, Karolis Matulis, a seasoned expert in real estate and taxation, delves into various intricate aspects of real estate investment and tax planning.

Matulis, holding key positions at WilkinGutenplan, including being a manager and chair of the Firm's Innovation Council, shares his extensive knowledge and experiences in the field.

The discussion primarily revolves around the dynamics of real estate investments, the implications of tax legislation, and the strategic management of real estate portfolios.

The episode covers a range of topics, including:

1. Real Estate Professional Status: Matulis discusses the real estate professional status and its relevance to different client bases, highlighting the importance of tailoring strategies to each client's unique situation.

2. Clientele Focus: The conversation shifts to the different types of clients Matulis works with, particularly focusing on those in the accumulation phase of their investment journey and those approaching the sunset of their investing life.

3. Tax Legislation and Its Impact: A significant portion of the discussion is dedicated to understanding the implications of various tax laws, such as the Qualified Opportunity Zone legislation introduced in the Tax Cuts and Jobs Act of 2017.

4. Real Estate Investment Strategies: Matulis emphasizes the importance of being in the driver's seat when managing a real estate portfolio, discussing how investors can plan the character of their income and make informed decisions based on the growth and expenses associated with their properties.

5. Tax Planning and Client Guidance: Throughout the episode, Matulis offers insights into how he guides his clients through the complexities of real estate investment and tax planning, ensuring they make the most out of every opportunity.

Enjoy the episode!!

Karolis Matulis

Manager at WilkinGuttenplan since 2013 and chair of the firm's Innovation Council, excels in real estate and partnership taxation, adept in handling complex transactions and §1031 exchanges. His proficiency in business valuation is crucial for litigation and estate/gift tax matters. Karolis stands out as a trusted business advisor, leveraging his deep knowledge in process automation and system integrations to enhance operational efficiencies. His focus on comprehensive business strategies and tax solutions enables him to adeptly navigate a range of business challenges, making him an invaluable asset to his clients.

Want to connect with Karolis?

Email: kmatulis@wgcpas.com.

Linkedin: https://www.linkedin.com/in/kmatulis/