Cost segregation allows an immediate cash flow increase by maximizing the depreciation of select assets in and around your building. Cost segregation studies are an engineering-based approach to identifying personal property and land improvements that can be reclassified into a much shorter depreciation class than the building itself.
Benefits of a cost segregation study from CRS:
- Reduce your federal and state income taxes for up to 15 years
- Increase your cash flow and ROI with an accelerated deprecation schedule
- Identify opportunities for look-back studies on properties owned more than 10 years without amending tax returns
Whether you buy, build, or already own a commercial building, a cost segregation study from CRS can save you significant money on your taxes. Per IRS requirements, the structural part of a building (example: foundation, walls, steps, roof) is depreciated at a rate of 29.5/39 years, which your accountant can successfully do on your tax returns. At CRS, we employ an engineering-based approach to identifying the personal property in your building that can be depreciated at over 5 or 7 years and land improvements around your building that can be depreciated over 15 years.
Assets Typically Reclassified during a Cost Segregation Study
Call CRS to explore the possibilities of the tax savings available to you though a cost segregation study. We will provide a free, no obligation model of benefits that specifically outlines how much you can save. Call Beth Burke at 732-548-3855 ext. 109 to get the process started and have your proposal within 24-48 hours.