02 Nov Past ASCSP President Gian Pazzia CCSP and Geoff Gan speak with James Gould and Tuck Shumack from the CRANE Coalition Lyndsay Bryan CCSP wins a IWatch from the Board The Education Committee discusses court cases. 29 Sep Our public FORUM is open to all cost segregation industry professionals who want to discuss the topics of the day. more….
Who we areThe ASCSP is the pre-eminent professional organization for all cost segregation professionals.
Why should I join the ASCSP?The ASCSP was established as a non-profit corporation in response to the growing need for education, credentials, technical standards and a Code of Ethics within the cost segregation industry. Membership is open to all individuals that meet the standards currently set by ASCSP.
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What Is Cost Segregation?
Cost segregation is the process of identifying property components that are considered “personal property” or “land improvements” under the federal tax code.
The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter tax life (typically 5, 7 and 15 years) than the building (39 years for non-residential real property).
Personal property assets found in a cost segregation study generally include items that are affixed to the building but do not relate to the overall operation and maintenance of the building.
Land Improvements generally include items located outside a building that are affixed to the land and do not relate to the overall operation and maintenance of a building. Reducing tax lives results in accelerated depreciation deductions, a reduced tax liability, and increased cash flow.
Learn more by reading the IRS publication – Cost Segregation Audit Techniques Guide
This Audit Techniques Guide is presented in several chapters. These chapters can be accessed and then printed by following the links in the Table of Contents below.
Table of Contents
- Introduction – 01/2005
- Legal Framework – Revised 12/2007
- Cost Segregation Methodologies – 02/2005
- Industry Specific Guidance
- Issue Specific Guidance
- Electrical Distribution System – 10/2012
Abaco Cost Segregation – AEC Cost Recovery, LLC – AGH Specialized Tax Solutions LLC – Alvarez and Marsal – Anderson Tax Asset Preservation Inc – ATKG LLP – Baker Tilly, LLP – BDO USA LLP – Bedford Cost Segregation – BellCostSeg – Berntson Porter & Company – BKDCapstan Tax – Capstone Carbahal & Company – Carr Riggs & Ingram – CB Richard Ellis – CCHCerner Corporation – Cherry Bekaert LLP – Cifton Larson Allen – Claris Energy – Clark, Schaeffer Hackett – Cohn Reznick – Concord Group – Construction Cost Recovery, Inc. – Corporate Tax Incentives – Cost Recovery Strategies, LLC – Cost Segregation Partners, LLC – CSR, Inc – Deloitte Financial Advisory Services, LLP – Dixon Hughes – GoodmanDraper Tax Consulting – E & Y – Eide Bailly LLP – EKS&HELB Consulting. Inc – Elite Consulting Solutions, LLC – Elliott Davis – Engineered Tax Services, Inc. – Fandl LLC – Foley & Smith – Freed Maxick Friede& Associates – Gladstone Strategies – Gollob, Morgan, Peddy & Co. – Grace M Williams CPA PC – Green Business Partners – Harborview Tax Group – HMA CPA – PSJCM Consulting – JTC, LLC – KBKG – Labenz and Associates – LaDue & Associates, Inc. – Lighthouse Capital Advisors – M&E Cost Segregation – Marshall-Stevens – McCormack Properties – McGladrey- Michael Gregory Consulting – Montoya, CPA, EA, APC. – Moss Adams, LLP – MS Consultants, LLC – Novoco – Pacific Cost Segregation – Park Place Consulting – Porto Leone Consulting, LLC – PricewaterhouseCoopers – Reinsel Kuntz LesherRSM US LLP -Schenck SCSourceCorp – Professional Services SourceHOV – TaxSumner, Carter, Hardy & Schwichtenberg, PC – Tax Advisors, PLLC – The Concorde Group – The Cost Segregation Group – Warner Robinson – William Vaughan Company – Wilson Valuation