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Engineered Tax Services, Inc. is a licensed engineering firm that focuses on federal, state, and local tax benefits. Engineered Tax Services was founded by CEO, Julio Gonzalez, to bring specialty tax engineering services to mainstream America. There are several federal tax incentives in which the IRS requires professional engineers and scientists to determine the tax benefits in the areas of real estate and manufacturing. Specific to real estate is the ability to depreciate real estate investments by components vs. the traditional expensing of real estate over a 39 or 27.5-year period. A forensic engineering study of a real estate property, in which the building is depreciated component by component, allows investors to expense up to 50% (and in some cases, more because of 100% bonus depreciation) of the purchase of their building up front. Decades ago, cost segregation was only available to real estate investors who worked with the Big 4 accounting firms that had dedicated engineering staff. Mr. Gonzalez’s goal was to be a resource to the CPA community so that these services could be available to all real estate investors, big or small. Cost segregation continues to be one of the largest tax incentives for wealth preservation. There are very few investments that the United States Federal government allows investors to expense dollar for dollar. Real estate is the one investment from which you can deduct 100% of the purchase price against taxable income. Inherently, this allows for a 50% return on investment at a 50% federal and state tax bracket. Cost segregation allows the investor the ability to mitigate tax liabilities and preserve wealth by accelerating these deductions much quicker.
Engineered Tax Services also uses its engineering, scientific, and tax team to provide one of the most important federal and state tax credits available to United States businesses in the form of research and development tax credits (R&D). R&D Tax Credits are meant to incentivize manufacturing, innovation, and technical design in the United States. These credits are essential to keep labor and promote job creation in the United States. Qualifying activities include developing new or improved products or manufacturing processes, tool and die development, technical design in the construction industry, software development, fracking and drilling technique development, and developing new or improved drugs or formulas, just to name a few. The R&D Tax Credit is a very important federal incentive meant to ensure that US companies remain competitive globally.
Mr. Gonzalez’s vision was to first bring awareness to mainstream America through the education of the accounting firms across our country. Over the decades, Engineered Tax Services has become the country leader in these services that increase cash flow to allow for United States job growth and expansion.
Engineered Tax Services tax attorneys, engineers, and scientists are the leading experts that have performed millions of these tax services over the past decades. Through these services, Engineered Tax Services has generated billions of dollars in the United States stimulus that has impacted millions of jobs in our country.
Mr. Gonzalez worked in Washington D.C. with our country’s Senate, Congress, Administration, and Treasury to play an instrumental role in passing tax reform, focusing on small business growth. Mission accomplished!
"We marry the science of engineering with principles of tax and accounting."
Engineered Tax Services is one of the country’s only professionally licensed engineering firm that provides best in class specialty tax services to CPAs and their clients nationally. Our experience in the field is unmatched and we have the highest level of success under IRS scrutiny. As a licensed engineering firm we must meet and exceed the professional standards set by our National Board in proving these engineered tax services. With over 20 years in business, and our team of CPAs, tax attorneys, and engineers, you can rest assured that you will get the highest level of service and professionalism coupled with the highest possible tax savings of any provider in our industry.