Tax Engineering (Cost Segregation) What is it?
Tax Engineering (Cost Segregation) is a relatively new IRS guide which allows for accelerated depreciation on real property. PDF Tax Engineering.
IRS Guidelines
“As a practical matter, cost segregation studies should be applied by the taxpayers.” – Internal Revenue Service, US Department of the Treasury IRS Website Link: www.irs.gov/businesses/article
Why Cost Segregation?
“Cost Segregation is the most significant but often overlooked opportunity to reduce current tax liability,” according to the Journal of Accountancy.
Unfortunately, many businesses are not familiar with Cost Segregation and are overpaying taxes by hundreds of thousands of dollars.
Who is Eligible: Any commercial property with a value of $300,000 or more; Any Lease/Hold Improvements over $75,000 in value
