A cost segregation study can be completed at any time of the year however, one of the best times to have the study done is during the planning/building phase. This also includes any renovations that a business owner may be planning to do. By implementing a cost segregation during this stage will allow the business owner to take advantage of the maximum tax savings. In addition, our team of engineers will be able to accurately classify all assets at the critical design phase. Since we are engaged at this stage, our recommendations will INCREASE the 5-, 7- & 15-year assets qualifying for accelerated depreciation! However, there really is no bad time to have the study done as the IRS will allow the business owner to catch up on any missed depreciation and we at Segregation Holding will file all the proper paperwork to ensure that maximum amount of savings can be earned. This can be done without having to file an amended tax return.
Cost segregation is a proven tax planning strategy that uses the process of accelerated depreciation to allow business owners to lower their income tax burdens as well as increase their daily cash flow. Cost segregation can be used at any stage of construction or when a business owner acquires new property. In fact, cost segregation can be used as an effective way to save money just about any time as long as the business is profitable. The chances are great that Segregation Holding can help you keep more of your hard earned money virtually 100% of the time!
In the simplest of terms, a cost segregation study is a strategic, tax-saving tool that can be used by companies and individuals who have constructed, purchased, expanded, or remodeled any kind of commercial real estate. The study allows the owner to take advantage of accelerated depreciation deductions and defer federal and state income taxes. In most cases (non-residential), 100% of all commercial real estate is depreciated over the standard 39 years. A cost segregation study will look for all qualifying assets that can be depreciated over a much shorter time period. The time period ranges from 5, 7 or 15 years and this accelerated method of depreciation will allow for substantial savings for the business owner.
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