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IN THE NEWS....
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Minimum Quality Standards
Manual
Updated for
2013
FREE FOR
MEMBERS
only $49 for non-members
[for a limited time]
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Looking to hire
a
cost
segregator?
Get
information?
Please visit
expanded
member
directory
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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
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