The CARES Act economic stimulus package approved by Congress includes a tremendous opportunity for property owners to take 100% bonus depreciation for qualified improvement property (QIP) retroactively. Specifically, property owners who used cost segregation for
Many people think of cost segregation as a tax tool that can benefit commercial property owners. However, a cost segregation study can identify opportunities for faster tax depreciation for owners of residential rental properties, including apartments
If you own or invest in multifamily properties such as rental units, you are focused on increasing the property’s value over time. One of the most effective ways to accomplish this is to decrease your
Landlords and tenants often negotiate to make improvements or alterations to nonresidential rental space so that it becomes more suitable for the prospective tenant’s business needs. In doing so, the landlord or the tenant may
Whether you are a business owner, commercial property owner or an investor, cost segregation studies are critical to uncovering potential tax savings that can increase your cash flow. This federal income tax tool can seem
As a property owner, cost segregation is one of the best ways for you to uncover potential tax savings and increase your cash flow through the reclassification and faster depreciation of property. Recent changes in
In 2014, cost segregation services made Accounting Today’s list of top niche services for increasing business for the first time in 15 years. Since then, the niche has grown into a strong consulting service for
Real estate is one of the only U.S. investments that can be depreciated for tax savings as long as property owners understand and utilize cost segregation to maximize their cost recovery. Whether newly constructed, purchased
The Tax Cut and Jobs Act (“TCJA”) provides a new deduction for partnerships, LLCs, S corporations and sole proprietorships (in other words, pass-through entities). This deduction can be as much as 20% of Qualified Business
Even though we know some CPA firms (this article’s focus) have in-house Cost Segregation services, at Engineered Tax Services, we partner with everyone, even the ones that do! Cost Segregation Specialty Tax Partners At Engineered