Do You Qualify for Cost Segregation?
Our Cost Segregation program gives you and your tax professional everything you need to optimize your depreciation.
About Our Cost Segregation Program
We are trusted by thousands of companies, CPAs, and partners across the country due to our industry expertise and specialized focus.
What is Cost Segregation?
When a property is purchased, not only does it include a building structure, but it also includes all of its interiors & exterior components.
About 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.
The primary goal of a Cost Segregation study is to identify all property-related costs that can be depreciated over 5, 7, and 15 years
COST SEGREGATION
Summary of Benefits
Every year, American business owners reinvest billions of dollars into their businesses in the form of physical structures, renovations, and build-outs.
In today’s dynamic business environment, where innovation and staying ahead are paramount, the intricacies of the US tax code may sometimes seem more like an obstacle than the valuable tools they should be. Consequently, failing to segregate build costs and allowing assets to depreciate under the default time frames can result in missed opportunities for optimizing tax benefits and may lead to higher tax burdens in the long run.
With Cost Segregation, your business can break up its slower-depreciating projects into their individual asset components, unlocking tax advantages and mitigating long-term tax burdens. Rewarding you for your investment faster.
COST SEGREGATION
History
Cost segregation originated with the Tax Reform Act of 1986 and gained prominence in the late 1990s. Legal precedents solidified its methodology, making it a valuable tool for accelerating depreciation deductions.
IRS guidelines and the American Jobs Creation Act of 2004 expanded its scope. Additionally, the Tax Cuts and Jobs Act (TCJA) of 2017 brought further changes to depreciation rules, influencing the way cost segregation is utilized. Today, cost segregation remains crucial for optimizing cash flow and reducing tax liabilities in the ever-changing tax landscape.
