In today’s economy when cash is king, credit is tight and it’s a “buyer’s” market, “why is Cost Segregation so misunderstood?” The truth is; it simply makes no sense. Cost segregation is the “tool” used to identify individual building components for income tax purposes. Cost segregation accelerates depreciation on all tangible personal property to 5…
Corbett Dentistry benefits from cost segregation study recently completed. Dr. Corbett, DDS, engaged a cost segregation study on her recent tenant improvements. Dr. H.N. Corbett, DDS, has practiced dentistry for approximately 16 years in the Lewisville, Texas area, but recently moved her practice to The Colony, Texas. Dr. Corbett’s new location is a leasehold property…
The IRS allows several Cost Segregation methodologies…which one is best? Here is a list of the six most common cost segregation methodologies… Detailed Engineering Approach from Actual Cost Records Detailed Engineering Cost Estimate Approach Survey or Letter Approach Residual Estimation Approach Sampling or Modeling Approach “Rule of Thumb” Approach For this discussion, we will address…
In my quest to always excel and be the best, I came across this article by Heidi Grant Halvorson about the nine things successful people do differently. After reading and re-reading and re-re-reading it I find myself wondering “where have I been?” So much of what I have done and accomplished to date has been…
What are the different cost segregation methodologies the IRS allows? Here is a list of the six most common cost segregation methodologies… Detailed Engineering Approach from Actual Cost Records Detailed Engineering Cost Estimate Approach Survey or Letter Approach Residual Estimation Approach Sampling or Modeling Approach “Rule of Thumb” Approach For this discussion, we will address…
A cost segregation study won’t benefit you if… • You are not profitable and pay no income taxes• You have paid no income taxes in the last 7 years• Your business is a non-profit organization (NPO)• Your building leases 50.1% of it’s space to a NPO• You plan on selling within the first two to…
Cost segregation benefits hotel property owners by accelerating depreciation on personal property. Personal property, for the purposes of cost segregation, are assets that enhance the real property, but are non-structural in nature. Examples of personal property for hotels would include carpeting and most flooring choices, decorative lighting, cabinetry, dedicated electrical systems, dedicated plumbing systems, power…
As professional real estate investors, have you established a repair fund yet? Whether you invest in commercial real estate or residential rental properties, an emergency repair fund is vital to the successful management of your investment. The best way to handle repair contingencies is to establish a repair fund. Each month a portion of your…
It’s time for real estate professionals to diversify your income! How often does it happen to you? You market properties in every way imaginable. You find a prospect. You learn about their needs, wants, desires, budget, and so much more. You show many properties until finally, the clients pick one. They make an offer…the offer…
Cost segregation benefits go beyond increased cash flow by far. There are several reasons for this, not to mention reduced or temporarily eliminated income taxes. These cost segregation benefits would include reduced real estate taxes, lower insurance premiums, IRS tax compliance, and an itemized listing of assets. The latter provides the business owner a verifiable…
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.
