CPAs & Cost Segregation Firms…really, a marriage made in heaven! Today more than ever, CPAs are in need of a good, quality cost segregation firm. The reasons are many… Added value benefit to suite of services Support the new IRS Repair & Maintenance Regulations Requirements Support the new IRS Repair & Capitalization Regulations Requirements Provide…
Abandonment Study Yields Tax Deductions So, what is an Abandonment Study? An abandonment study is a detailed engineering analysis of building components. It is used to determine individual component costs being retired or abandoned. This is typically when renovations or improvements are performed during the normal ownership period of buildings or TIs. TIs are tenant…
Cash Flow Improves with Cost Segregation. As many of my small business clients know, Section 179 expensing dropped significantly to $25,000 beginning in 2014. Bonus Depreciation expired as well. These deductions were very popular tax strategies increasing cash flow. I always recommended them to my small and midsize business clients. It would allow them to…
IRS Repair and Capitalization Regulations 2014…how do they affect me? IRS Repair and Capitalization Regulations for 2014 The IRS has released much-anticipated final “repair” regulations (T.D. 9636). These fall under IRC § 162(a) and § 263(a). The new Repair Capitalization regs govern when taxpayers must capitalize and when they can deduct their expenses for acquiring,…
Section 179 limited to $25,000 in 2014…does it affect Cost Segregation? IRS Section 179 First of all…what is Section 179? Section 179 is an IRS tax code allowing businesses to deduct qualifying purchases during the tax year. A qualifying purchase includes equipment and machinery. It also includes real property assets like capital improvements to buildings.…
Dry Cleaner Takes the IRS to the Cleaners! Again! Dry Clean Super CenterArgyle, Texas Last we met, our dry cleaner magnate, David Richey, was “cleaning up” a windfall income tax refund and spending it in Hawaii (as I recollect). He called to say he was staying a little longer. His problem though…”I want to stay…
Does my ranch qualify for Cost Segregation and what is it? Paradise Valley Ranch 1. Tax Strategy A Cost Segregation Study is a strategic, IRS-approved tax-saving tool. Cost segregation can be used by those who have constructed, purchased, expanded, or improved any kind of commercial real estate including ranches and farms. The study allows the…
Taco Bell Pockets $600,000 with Cost Segregation using IRS Form 3115. Taco Bell Store Front Recently we completed several cost segregation studies for owners of Taco Casa restaurants. They were so ecstatic that they called a friend of theirs, Jim…owner of 6 Taco Bells, in Monroe, Louisiana. Joey shared his success with cost segregation with…
Dry Cleaner Receives $35,000 Income Tax Refund! You can too! Dry Clean Super Center David is the typical small business man. Obligations out the wazoo! If you own a small business of any kind you know what I’m talking about! Problems galore, solutions too few! David, unlike many small business people, decided to search further…
HBMT HQ Cost segregation; is it really worth it? Have you ever wished that you could lower your income tax burden? Maybe you wish that you had more cash flow to grow your business? As a business owner, you face a lot of unique financial challenges that may drive you crazy. This is where a…
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.
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A member of our Disaster Recovery Team will contact you within 48 hours to initiate your tax credit.
