cancel
Showing results for 
Search instead for 
Did you mean: 
larry5617574
Advisor

The #1 Lie About Cost Segregation

Jump to solution

“You can only do Cost Segregation on a new building or new renovation.”

As a rebuttal, “Yes”, it is beneficial to have a Cost Segregation study done when you purchase/construct/renovate a new building. In fact, anyone constructing or renovating a commercial property should have a study completed.

“But, you can only do Cost Segregation on a new building or new renovation”.

To officially rebut this statement, I will go straight to the source. The first sentence in the IRS Cost Segregation Audit Techniques Guide – Chapter 6.2 reads:

“A taxpayer may conduct a cost segregation study on used property and then recompute its depreciation deductions for prior years”.

Not only “may” a taxpayer do this, but over 75% of our projects are older properties. In the industry we call this the “Catch Up” method, and it can produce powerful results.

Why doesn’t every building owner and CPA know this?

The answer is simple; it is not their area of expertise. Although some building owners and CPAs have substantial experience with Cost Segregation, most do not. This factor has caused countless thousands of building owners to miss out on this powerful tax savings strategy.

Hundreds of thousands, or even millions, of dollars in tax savings may be available to you. Now that you are aware, let’s see how much you qualify for! Visit Us today for more information at BusinessRefund.com

COSTREDUCTION.jpg
0 Kudos
1 Solution

Accepted Solutions
yezmmouwnojf
Contributor

Re: The #1 Lie About Cost Segregation

Jump to solution

Hi, thank you for sharing such interesting information with us. Many people do not know about this law and therefore do not use it. I recently contacted the law firm https://federal-lawyer.com/blockchain/how-report-to-irs/ about cost-sharing, and they explained everything to me in clear language. Knowing the law well and knowing all the pros and cons is very important. More people need to learn about cost-sharing and take advantage of this service. After all, it can save a lot of money on taxes.

View solution in original post

1 Reply
yezmmouwnojf
Contributor

Re: The #1 Lie About Cost Segregation

Jump to solution

Hi, thank you for sharing such interesting information with us. Many people do not know about this law and therefore do not use it. I recently contacted the law firm https://federal-lawyer.com/blockchain/how-report-to-irs/ about cost-sharing, and they explained everything to me in clear language. Knowing the law well and knowing all the pros and cons is very important. More people need to learn about cost-sharing and take advantage of this service. After all, it can save a lot of money on taxes.