Cost Segregation Studies
Building, purchasing or renovating a building can be a costly investment. Did you know that you could recoup some of your building expenses in a timely manner by conducting a cost segregation study?
A cost segregation study is a strategic tax deferral tool that identifies shorter life assets. The goal in conducting a cost segregation study is to identify, segregate and reclassify building-related costs (such as facilities, machinery, equipment, furniture and fixtures) into shorter depreciable tax lives. By classifying depreciable property into it shortest life, the cost of the asset can be recovered more quickly, resulting in fewer taxes.
Beene Garter's experts have extensive knowledge in real estate and can provide a complete evaluation and report on your building.
Our cost segregation study services include:
- Preliminary on-site visit to inspect the property
- Examination of fixed asset schedules, appraisals and blueprints
- Cost/benefit analysis of the project
- Engineer's site visit, including video walk-through
- Creation of a detailed report in compliance with IRS guidelines
- Implementation of the report in a client's tax return