Cost segregation – the process of identifying assets and their respective costs that qualify for accelerated depreciation for federal tax purposes – is an essential tax-saving tool for commercial property owners. Specifically, this entails reclassifying components and improvements of commercial property from real property to personal property. Doing so enables affected assets to be depreciated on a five-, seven- or 15-year schedule rather than a traditional 27.5 or 39-year real property depreciation schedule.
Cost segregation offers several significant benefits to a business, including:
- Cash flow increase
- Current tax liability reduction
- Tax deferral
- Potential reclamation of “missed” depreciation deductions from prior years
Goldin Peiser & Peiser offers expert and comprehensive Cost Segregation Services as part of our Specialty Tax Planning Service portfolio. Our cost segregation advisors are highly seasoned and well-attuned to the specialized requirements of cost segregation studies; our work is designed specifically to deliver maximum tax savings and optimal cash flows to you.
Our Cost Segregation Services include:
- Property analysis
- Cost segregation study
- Analysis and recommendations
For more information about our Cost Segregation Services, please fill out the form below, or call 214-635-2498.