Cost segregation benefits self-storage facilities by increasing cash flow through accelerated depreciation. Cost segregation is not new. It has been in existence since 1954 when the IRS allowed for certain personal assets to be accelerated into a shorter life class. However, it wasn’t until Hospital Corporation of America sued the IRS in 1997 and won…
Net and Gross Leases: What’s the Difference? Commercial tenants can quickly get bogged down in the differences between net and gross leases. There are distinct economic differences between the two lease types and their variations. Understanding those differences can mean a substantial savings when negotiating lease terms. Gross Lease A gross lease is an agreement…
The IRS seemingly chalked up a victory against cost segregation in the AmeriSouth XXXII, Ltd. case, but if one carefully reads T.C. Memo. 2012-67 a different conclusion might be reached. The truth is, what this case is really about is a property owner who walked away from the battle…no; actually, it was a surrender by…
Four Ways to Get the Most Out of a Property Portfolio With the uncertainty of global financial markets, investing for the future has never been more important. Developing a portfolio of income properties can ensure residual income for your future and that of your children. Following are tips to maximize your investment dollar and ensure…
Don’t send the IRS any money yet! There are three letters that scare everybody…IRS. But you don’t have to send the IRS any money if you will use your building as the tool the IRS allows for. The manner prescribed by the Internal Revenue Code can get you a refund…depending on your personal tax situation…
Cost segregation delivers income tax refund for small-town theater owner! Instead of writing a check to the IRS, the owner is cashing one from the IRS! A business owner’s CPA shared the benefits about cost segregation with his client who owns a million dollar commercial building converted into a theater decades ago. A beautiful structure…
Did you get your interest-free loan from the IRS yet? If not, it’s not too late! If you own commercial or residential rental property, you actually have your very own bank…sorta! Let me explain… If your property is not a leasehold improvement (we’ll address that shortly) you have been dutifully deducting 1/39th or 1/27.5th of…
Cost segregation delivers another great ROI! A prominent Orthodontist engaged a cost segregation study of his thriving dental professional’s facility in Kissimmee, Florida. He wanted to maximize his depreciation and cash flow by determining what assets qualified for the Modified Accelerated Cost Recovery System (MACRS) method of depreciation.
Is cost segregation a good idea to combine with 1031 Like-Kind Exchanges? First, what is a §1031 Like-Kind Exchange? A §1031 exchange, a.k.a. tax deferred exchange, is a simple strategy and method for selling one qualified property and then proceeding with the acquisition of another qualified property within a 180-day time period. The qualified property…
Cost segregation and new construction is like a hand in a glove! Seriously, if you are contemplating new construction, cost segregation should be your first thought! The potential benefits of having a Cost Segregation Study (“Cost Seg”) performed on new construction can increase the available assets that qualify for cost segregation by as much as…
If you own Commercial Property, including leasehold improvements or rental houses, that was damaged or destroyed by the recent natural disasters, we can help you maximize your Federal tax benefits, saving you tens of thousands of dollars. You must act now before rebuilding. FREE consultation and benefit analysis. It’s your money, why wait.
[cf7form cf7key=”disaster”]
A member of our Disaster Recovery Team will contact you within 48 hours to initiate your tax credit.
