Reduce your tax burden with cost segregation
Cost segregation is a valuable tax strategy utilized by owners of commercial and residential rental property to accelerate depreciation deductions, defer taxes, and improve cash flow. A quality study provides the appropriate documentation needed to support the correct classification of depreciable assets related to a building and exterior improvements. It is important to note that a cost segregation study does not create new deductions, it simply increases deductions in the early years of ownership. This front-loading of depreciation allows the taxpayer to take advantage of the time value of money.
Wondering if your property is a fit for cost segregation?
Cost segregation is ideally conducted before filing the initial depreciation schedule for a property, typically right after a building is purchased or when a construction project is completed and placed in service. However, if cost segregation wasn't done at that time, it's perfectly acceptable to recover missed depreciation from previous purchases, constructions, expansions, or renovations. In such instances, you don’t need to amend prior tax returns. Instead, "catch-up" depreciation can be simply claimed in a single year by filing Form 3115 (Change in Accounting Method).
We work on a variety of asset classes:
Apartment Complexes
Short Term Rentals
Warehouse Facilities
Self Storage Facilities
Hotels & Motels
Shopping Centers
Gas Stations
Golf Courses
Restaurants
Assisted Living Facilities
Office Buildings
Leasehold Improvements
A Simple 4-Part Process…
-
Request Your Free Proposal
Provide us with your basic property details and we will provide a free feasibility study. This information will form the backbone of your custom proposal that will include your estimated tax savings.
-
Confirm Property Details
After signing an engagement letter, we collect any supporting documentation to begin our analysis of your property.
-
Schedule a Site Visit
We prefer “boots on the ground” visits to ensure we do a thorough examination of your property.
-
Unlock Tax Savings
Our team will evaluate your property details and create your custom report. Once completed we provide a final pdf report as well as the fixed asset schedule to share with your accountant.