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Justin Jensen, CPA - Change Your Tax By Changing Your Facts

The Gentle Art of Crushing It!
The Gentle Art of Crushing It!
Episode • Aug 17, 2023 • 36m

Upon graduating from Utah State University in 2001, I spent four years with PricewaterhouseCoopers, LLP, where I provided tax preparation and consulting services to privately held companies and their owners. Many of these companies were real estate developers and investors. This led to a position in private industry as the Tax Director of a large real estate company with more than $2 billion in assets. While there I was involved in residential and commercial rental property, real estate development, hospitality businesses (hotels and restaurants) as well as venture companies in various industries. This experience sparked an entrepreneurial spirit within me, and I continue to be involved in real estate investing to this day.

I joined the Morrison, Clark & Company management team in 2017 and have used my extensive, direct experience serving the construction and real estate industries by heading up the Cost Segregation, Research & Development Credits, Opportunity Zone and 1031 Exchange specialties of the firm.

In 2019, I was excited to join the MCC Partner group as a Tax Partner where I have the privilege of leading an outstanding group of professionals providing personalized services to our clients.

Originally from Idaho, I stay actively involved in the community by serving on volunteer non-profit boards and participating in church leadership. I cherish spending time with my family, and I enjoy cooking outdoors for family, friends and neighbors. As a family we are highly involved in music, and our home is often filled with the sounds of cello, drums, piano and guitar.

Certifications: Member of the American Institute of Public Accountants, Arizona Society of Public Accounts, and the Washington Society of Public Accountants. Previously served on the board of the Bridgerland Community Ice Arena, Inc., and the Kitsap County Community Development Corporation. I am currently licensed in in Arizona and Washington.

Education: Bachelor of Science in Accounting and a Master of Business Administration with a concentration in Accounting from Utah State University.

HIGHLIGHTS IN THE SHOW:

00:00 - Intro

01:34 - Justin’s Background

06:40 - Left Field Investors

07:45 - Depreciation and Cost Segregation

10:07 - Real Estate Professional 

14:32 - Limited Partner Tax Benefits

21:42 - Depreciation Recapture

24:29 - Cashing Out Your 401k To Invest

31:23 - Educational Resources

32:38 - Connect With Justin

33:50 - Bucket List Items

CONNECT WITH OUR GUEST:

linkedin.com/in/justinsjensen

morrisonclarkcompany.com/real-estate/ 

CONNECT WITH OUR HOST: Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

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