Providing Tax Savings To Building Owners, Investors and Service Providers
Tangible Property Regulation Studies
Before a cost segregation study can be performed on a previously owned building, any asset that can be expensed under the TPRs must be removed from the depreciation schedule. Then and only then can a cost segregation study be performed. The TPRs are the law and must be followed. Compliance can create a financial windfall through a tax deduction (not a deferral) as these regulations can be very taxpayer-friendly.
Cost Segregation Studies
Cost Segregation is a method of accelerated depreciation by shortening the class lives of building components. This application reduces income and the amount of income taxes owed, generating substantial cash flow through a tax deferral. Correcting the class lives on your asset schedule is a recommended practice, whether you choose to take advantage of the deferral or not.
Revenue Recognition Tax Deferrals
We create a sizeable ongoing tax deferral for qualifying service providers including construction contractors. This hybrid method change will be pre-approved by the IRS (with a consent letter) and will create an ongoing tax deferral between accounts receivable and accounts payable.
Tangible Property Tax Methods, LLC is the first company of its kind—a firm of topnotch professionals rooted solely in complex tax method changes. You can rest assured that your TPR studies will be calculated and implemented to perfection. Achieving TPR compliance is a complex process. Trusting an expert is crucial.
America’s number one educator in the Tangible Property Regulations, Eric P. Wallace, has developed solutions for CPA firms, cost segregation providers, and commercial property owners.
Why Choose Us?
Since 2013, the CPA community has been seeking expert resource partners who understand the complex laws surrounding building depreciation. Not just experts in segregating components of commercial buildings, but those who know the intricacies required for a correct TPR study that the IRS will not overturn. TPTM is that partner.
Passion & Commitment
Honesty & Openness
Meet Eric Wallace, CPA
The Nation’s Leading Expert On Tangible Property Regulations
Eric P. Wallace, CPA is a nationally recognized expert in tax, accounting, auditing, and consulting for the construction, real estate, and homebuilding industries. His work specifically focuses on tax method changes that provide significant tax deductions for the real estate and construction industry and their related owners. He has filed thousands of proved method changes that have resulted in over $300,000,000 million in tax deductions.
If you are a building owner or investor, download this to see how you can save on your taxes
What You Need to Know to be Compliant
The Tangible Property Regulations (TPRs) provide guidelines for building owners to determine to expense or capitalize costs spent on property from 2014 forward.
- A Look at the Tangible Property Regulations
- Why were the Regulations Written
- What is the Impact: Comply vs. Ignore
- Unit of Property
- Building Systems
- Safe Harbors
- RABI Rules
- Opportunities Under § 481
- Partial Asset Disposition