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…
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…
How can Cost Segregation help you sell more commercial real estate as the professional commercial real estate broker? 1) Income taxes: reduced or eliminated federal & state income taxes increases available cash flow. 2) Real estate taxes: personal property taxes are lower than real property taxes by as much as 25% which increases available cash…
Can cost segregation create jobs for America? Well, let’s see…but first, what’s really going on with our unemployment! The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated “long-term” discouraged workers, who were defined out of official existence in 1994. That’s right, they simply just don’t exist any more. True unemployment…
1) Modified Accelerated Cost Recovery System (MACRS) is the IRS-required method of depreciation for tangible personal property (§1245)* assets residing within real property (§1250) assets, and cost segregation is required in order to apply it properly which places the owner in IRC tax compliance. 2) §1245 assets are depreciated over 5-, 7- and 15-years while…
Cost segregation is often overlooked though it is known by many commercial real estate owners. A combination of factors contribute to it not being implemented, but typically the most heard reason is “my CPA hasn’t told me about this.” So, let’s address it’s implementation here. It is a methodology used to reclassify certain building costs…
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.
