Cost segregation and the IRS are likened to your hand fitting into your glove…snugly. Cost segregation actually came about as a result of Hospital Corporation of America suing the IRS…and winning! The Supreme Court of the United States heard arguments from opposing counsel and ruled that there are building components qualifying for shorter depreciation periods…5-years,…
Ranch buying in the Rockies (Rocky Mountain West) and building it into your dream property is a wonderful experience. Knowing a few things up front can make creating your vision even more enjoyable. I have found that many of my clients are surprised by the cost to build on a ranch, so I would like…
Qualified Commercial Property Can cost segregation help list and sell more commercial property? Yes! Commercial property owners can employ cost segregation as a tool to help sell their properties. By offering the property with an engineered cost segregation study they do these things: 1) Give the buyer a MACRS-established property that… Meets the new Repair…
BoomerJacks in Bedford BoomerJacks uses cost segregation for huge income tax refund! Last fall we had the privilege of meeting with the owners of DFW favorite, BoomerJacks restaurants. Well known in the Dallas/Fort Worth area, BoomerJacks are known for their amazing wings and chicken fingers. On this fine, fall day, we met with Brent and…
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…
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.
