|
IN THE NEWS....
-------------
Minimum Quality Standards
Manual
Updated for
2013
FREE FOR
MEMBERS
only $49 for non-members
[for a limited time]
-------------
Looking to hire
a
cost
segregator?
Get
information?
Please visit
expanded
member
directory
-----------------------------------
COST SEGREGATION APPLIED
from the Journal of Accountancy
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.
IRS Cost Segregation articles
|
Conference registration &
hotel information
Conference Agenda ~ Reminder
seminars now earn CPE
----------------------------------
Pursuant to the
rules of professional conduct set forth in Circular 230, as
promulgated by the United States Department of the Treasury,
nothing contained in this communication was intended or written to
be used by any taxpayer for the purpose of avoiding penalties that
may be imposed on the taxpayer by the Internal Revenue Service, and
it cannot be used by any taxpayer for such purpose. No one, without
our express prior written permission, may use or refer to any tax
advice in this communication in promoting, marketing, or
recommending a partnership or other entity, investment plan or
arrangement to any other party. ASCSP.
Confidentiality
Notice: This message is being sent by ASCSP. It is intended
exclusively for the individuals and entities to which it is
addressed. This communication, including any attachments, may
contain information that is proprietary, privileged, confidential,
including information that is protected under the HIPAA privacy
rules, or otherwise legally exempt from disclosure. If you are not
the named addressee, you are not authorized to read, print, retain,
copy or disseminate this message or any part of it. If you have
received this message in error, please notify the sender
immediately by email and delete all copies of this message. This
message is protected by applicable legal privileges and is
confidential.
|
