Time is money, and if you own commercial real estate with real property that costs at least $600,000, a cost-segregation study could free up cash for you as soon as you file your next tax return. There is a technical tax and engineering expertise required to perform studies with results that are in compliance with federal IRS guidelines, so do your due diligence when selecting advisors.
- Taxpayers of commercial properties can benefit from a cost segregation study.
- Careful planning to estimate benefits and timeliness of study is essential.
- An advisor well-versed in technical tax and engineering expertise is advisable.
“A cost segregation study identifies construction or acquisition costs of a building that qualify for the shorter life.”
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