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Engineered TaxServices, Inc.

Engineered TaxServices, Inc. (ETS) is a licensed engineering firm that focuses on federal, state, and local tax benefits. Engineered Tax Services was founded by CEO, Julio Gonzalez, to bring specialty tax engineering services to mainstream America. There are several federal tax incentives in which the IRS requires professional engineers and scientists to determine the tax benefits in the areas of real estate and manufacturing. Specific to real estate is the ability to depreciate real estate investments by components vs. the traditional expensing of real estate over a 39 or 27.5-year period. A forensic engineering study of a real estate property, in which the building is depreciated component by component, allows investors to expense up to 50% (and in some cases, more because of 100% bonus depreciation) of the purchase of their building up front.Decades ago, cost segregation was only available to real estate investors who worked with the Big 4 accounting firms who had dedicated engineering staffs. Mr. Gonzalez’s goal was to be a resource to the CPA community so that these services could be available to all real estate investors, big or small. Cost segregation continues to be one of the largest tax incentives for wealth preservation. There are very few investments that the United States Federal government allows investors to expense dollar for dollar. Real estate is the one investment from which you can deduct 100% of the purchase price against taxable income. Inherently, this allows for a 50% return on investment at a 50% federal and state tax bracket. Cost segregation allows the investor the ability to mitigate tax liabilities and preserve wealth by accelerating these deductions much quicker. Engineered Tax Services also uses its engineering, scientific and tax team to provide one of the most important federal and state tax credits available to United States businesses in the form of research and development tax credits (R&D). R&D Tax Credits are meant to incentivize manufacturing, innovation and technical design in the United States. These credits are essential to keep labor and promote job creation in the United States. Qualifying activities include developing new or improved products or manufacturing processes, tool and die development, technical design in the construction industry, software development, fracking and drilling technique development, and developing new or improved drugs or formulas, just to name a few. The R&D Tax Credit is a very important federal incentive meant to ensure that US companies remain competitive globally.

Associated Speakers

Michael D’Onofrio
Managing Director

Past Speaking Events

  • Human Behavior Behind the Winners & Losers of Commercial Real Estate
    January 21, 2021
    11:00 AM - 12:00 PM
    Panel
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    With many headwinds facing the commercial real estate market, the landscape will never be the same. In this panel, we will be exploring the following topics:

    • Review of 2020 Performance
    • Outlook for CRE in 2021
    • How has COVID-19 affected valuations of various real estate assets since the beginning of 2020
    • Misconceptions and reality
    • Historical events that caused opportunities to make money in CRE

    Speakers: Michael D’Onofrio, Joseph W. DeMatteo Sr., Elizabeth Fujino, Lisa Forster, and Larry Genet

  • The Impact on Lenders of Covid Moratoriums against Eviction and Foreclosure
    September 10, 2020
    10:30 AM - 11:30 AM
    Panel
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    No matter what side of a real estate transaction you sit, the impact of US Government intervention in our business seems overwhelming. In some cases, we welcome the help as taxpayer funded liquidity programs has certainly helped to support our fragile economy. Unemployment benefits and PPP loans have enabled many borrowers and tenants to stay current. On the other hand, federal and local governments have imposed eviction and foreclosure moratoriums, and those restrictions have been renewed and remain in full force in a majority of states. Our panel of landlords, lawyers, lenders, and investors will debate their perspectives on the right direction for our country and the economy.

    • How does a Lender or Landlord enforce payment without the ability to remedy borrower or tenant defaults?
    • What impact do these moratoriums have currently and what do we foresee in the future?
    • How has COVID affected rent collections, demand and prices of assets
    • Attorneys discuss the impact they are seeing in their business and expectation for the future.
    • Commercial Landlords talk about the double edge sword of PPP & moratoriums

    Speakers: Michael D’Onofrio, Bill Bymel, Jack Goldberg, Sheryl Morehead, and Tony Barkan

  • Outlook for Private Credit in the 2nd Half of 2020
    July 15, 2020
    12:00 PM - 13:00 PM
    Panel
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    As we think back to the end of 2019, no one could have foreseen the challenges that exist today in markets, the economy, and in our lives. COVID – 19 has devastated the global economy & our lives.

    Taking things one day at a time may be all that lenders and investors can do in response to the heightened level of uncertainty, but looking ahead as the world begins to normalize is the next opportunity. There is 1 truth that participants can count on and that is that opportunities arise out of change. There is no place where change has been more apparent, over the last 10 years, than Private Markets. In 2020 mid-year market outlook, our panelist will review what happened and share their collective 100+ years of experience offering us an insight into the detail on how to find and execute in this challenging environment.

    • Maneuvering the volatility
    • Identifying diverse sources of income and collateral
    • Managing the day to say challenges post pandemic
    • Find good deal flow and closing
    • Legal advisors and the real value that they bring
    • Workouts or bankruptcy

    Speakers: Michael D’Onofrio, Nick Eskandari, Rob Jafek, Bobby Werhane, and Demian Waldman

  • Private Debt & Direct Lending: Capturing Opportunities in New Issues or the Secondary Market
    June 24, 2020
    15:00 PM - 16:00 PM
    Panel
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    Direct Lending and Private Debt have been the fastest growing segments of the alternative investment industry since the Great Recession in 2008. Then COVID - 19 hit and this market froze up and the Federal Reserve and Central Banks all over the world unleashed an unprecedented wave of liquidity to prevent unnecessary damage to the global economy. The secondary market responded quickly discounting the news. Operators have been slower to accept the new pricing of risk. Time has passed and things have been converging, listen to experts on the front lines as they discuss deals and insights into where things are today and where they see things going over short and intermediate term. This group will discuss and conduct an interactive Q&A session with audience engagement & participation. Join us for a thoughtful conversation that will undoubtedly provide direction to discounts or lack of discounts in new deals getting done.

    • Are new deals getting done or is there a bunch of secondary market trading going on?
    • What are the discounts in the secondary market?
    • Where are you pricing new deals?
    • Are operators accepting the new pricing? If not do you see this changing and how so?
    • What are the best and worst places to do new deals?

    Speakers: Michael D’Onofrio, Brock Freeman, Camilo Nino, Tim Sacks, and Stephan De Sabrit

  • Multiply Your Returns with Opportunity Zone Funds
    May 20, 2020
    13:30 PM - 14:30 PM
    Panel
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    Tax efficient investing via Opportunity Zones has never been as attractive as today. The panel will look at how Opportunity Zones have matured and what investors should consider given the recent guidance and final regulations from the IRS. Our experts in tax efficient investing, accounting and fund management will also discuss what Family Offices need to consider when allocating capital to the various Opportunity Zone Funds.

    Having a big idea in today's exceptional times, needs to be coupled with exceptional operating partners. Tax efficient investing needs to be aligned with proper planning, so join us to listen to our experts speak about different real estate investment opportunities to supplement this tax efficient structure.

    • How has the Opportunity Zone marketplace matured over the last year as the IRS has issued additional guidance and final regulations?
    • Investor considerations — in particular family offices and high-net worth individuals
    • What are the most important changes in Opportunity Zones for investors to consider?
    • How much capital is there on the sidelines?
    • What should investors consider when thinking about which long-term capital gains to consider harvesting via Opportunity Zone Funds?
    • What are intended and unintended consequences of Opportunity Zones? Give some real world examples of success & failure.

    Speakers: Michael D’Onofrio, Lane Lowry, Eric Berman, Jason Cross, and Russ Ginise