As the real estate market continues to rise, property owners are seeing the need to become more educated on ways to reduce their costs. Knowing that real estate is one
Many property owners and real estate investors are familiar with the term “cost segregation” but may not know whether they can take advantage of accelerated depreciation for valuable cost savings.
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 True Partnership In Cost SegregationEven 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
Three frequently asked questions about cost segregation answered by an ETS expert: When should a cost segregation study be preformed? A cost segregation study is best done when a property
Study Details – Medical Facility Purchase: Engineered Tax Services performed a cost segregation engineering review of building components on a one-story, 15,838 square foot medical office building. The cost segregation benefit included a reclassification of
What is a Cost Segregation Study? The IRS requires an investment property to be depreciated (expensed/ amortized) over either a 27.5 period for rental properties or 39 year period for
Cost Segregation Study Details – Building Purchase (2016) and Improvements (2017): Engineered Tax Services performed a cost segregation engineering review of building components and site improvements on a single story
Question: If I own and rent out a condominium complex as short-term vacation rentals, can I still do a cost segregation study? Answer: Yes. However, short-term rentals vs long-term rentals
The IRS issued Notice 2017-6 to extend the time to make certain changes to comply with the tangible property regulations. This includes making accounting method changes for repair and maintenance
