by Kevin Jerry | Jan 11, 2023 | Cost Segregation, Cost Segregation Firm
Behind the Scenes of a Cost Segregation Firm Nothing is as frustrating as contracting with a cost segregation firm to help you reduce taxes and then waiting for six, eight, or even twelve weeks to complete the study. While waiting, your CPA tells you your taxes have...
by Kevin Jerry | Nov 16, 2022 | 3115s, 481a, Cost Segregation, Method Change, The Tangible Property Regulations
When a tax method change occurs, whether it is from cost segregation, the Tangible Property Regulations, or any other tax method changes (for which the cutoff method cannot be used), a 481a adjustment must be used. Suppose income for any taxable year is under a...
by Kevin Jerry | Sep 21, 2022 | Cost Segregation, Inherited Property
When investment property is inherited, the capital gain or loss on any later disposition of that property is treated as a long-term capital gain or loss. The gain or loss on a sale or trade of property is found by comparing the amount realized with the asset’s...
by Kevin Jerry | Sep 13, 2022 | Cost Segregation, The Tangible Property Regulations
When investors and building owners purchase a building that may need to be totally gutted soon, they are disheartened to learn that they will lose all future depreciation deductions related to the building. This Regulation is under §280B. §280B states that if a...
by Kevin Jerry | Sep 6, 2022 | Cost Segregation, Cost Segregation Company
Cost segregation is not only engineering-based but also TAX based. Therefore, your salesperson must have advanced knowledge of the tax implications of a cost segregation study. Cost segregation is not only engineering-based but also TAX based. Therefore, your...
by Kevin Jerry | Aug 30, 2022 | Cost Segregation, The Tangible Property Regulations
If your cost segregation firm does not FULLY understand the MANDATORY Tangible Property Regulations, you are missing substantial opportunities to reduce your taxes. Moreover, you could be out of compliance with the U.S. Tax Code. Even the large cost segregation firms,...
