Enjoy a windfall for real property constructed or purchased in a prior tax year or in the current tax year.
If you built or purchased real estate but did not have a cost segregation study, you now have a valuable opportunity. An IRS procedure now allows you to deduct depreciation amounts that you are legally entitled to, but did not claim, entirely in the tax year in which you complete a study. This could be due to erroneous property classification as a 39-year depreciable building, for example.
Our cost segregation consultants possess the engineering expertise and the necessary tax compliance skills to perform a cost segregation study and let you accelerate tax depreciation deductions, reduce taxes and increase your cash.
To receive a free analysis of your property and to find out if you can benefit from a cost segregation study, please complete the brief information request form, and we will contact you.
Back in July, the IRS formally removed regulation §1.451-5 from the Code of Federal Regulation. The regulation had permitted some companies to defer ...
The general rule under Internal Revenue Code §451 is that an item of income shall be included in gross income for the taxable year or receipt unless ...
One PPG Place, Suite 1700
Pittsburgh, PA 15222
65 East State Street, Suite 2000
Columbus, OH 43215
1660 International Drive, Suite 600
McLean, VA 22102