By applying cost segregation, property investors accelerate depreciation, reduce tax liability and increase their bottom line. This aids in future benefits via abandonment, repairs, routine maintenance and overall asset management. ETS performs hundreds of cost segregation studies on a monthly basis for property owners, providing a detailed engineering review of assets including special purpose mechanical and electrical systems, decorative finishes, site improvements, and any process related to special purpose construction.
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Engineered Tax Services performed a cost segregation study engineering review of tenant improvements on an office suite encompassing approximately 9,700 square feet of total building space in Las Vegas. The cost segregation benefit included a 49.03% reclassification of 39-year depreciation class life assets into 5 year class life. These results are about 50% greater than the typical office building due to the fact that this did not include the building components such as concrete slab on grade, concrete or wood exterior walls, exterior doors, windows and built up roofing components. The resulting benefit included an accelerated tax deduction of $1,808,546.25 out of a $3.7 million basis for the tenant.
Engineered Tax Services, Inc. (ETS) has helped thousands of property owners nationally increase their cash-flow by accelerating depreciation through our cost segregation studies. Our cost segregation studies work to uncover potential tax savings and increase cash flow through reclassification and depreciation of property. ETS provides a “Detailed Engineering” review as part of our reporting process, working seamlessly with the IRS and your CPA firm for minimal disruption to your business. For more information, please contact us at 800-236-6519 or get a complimentary analysis here.