What is a Specialty Tax Study?

Did you know that a specialty tax study could bring you a multitude of tax savings? You may be missing out if you do not know what a specialty tax study is. At Engineered Tax Services, our tax experts help companies take advantage of many incentives and tax credits that are available to the federal and state government.

A Specialty Tax Study Includes:

  • Cost Segregation Studies
  • R&D Tax Credit Studies
  • Manufacturing Tax Credits
  • Energy Tax Credits
  • Section 179D and bonus depreciation

What is a Cost Segregation Study and How Can It Help You?

A cost segregation study can maximize your tax return on real estate investments. You can generate more cash flow savings with a cost segregation study as well. As a property owner, your holdings represent a significant investment. With the help of a cost segregation study, you can maximize your property’s capital return by carving out assets that are shorter lived. That means these assets qualify for 5, 7, or 15-year write-off periods. They are normally embedded in the property’s acquisition or construction costs and depreciated over 39-years.

It is generally effective to reclassify your assets if your property is valued at $1 million or more. For example, every $1 million dollars that you reclassify, your approximate tax savings would be $230,000.

How Can A R&D Tax Credit Study Benefit You?

Many companies are not aware that the R&D tax credit is beneficial to them. However, you should note that if you are developing a new or improved product, engaging in engineering, architectural, etc. services, creating software, you may qualify for the R&D tax credit. The R&D tax credit was first enacted by Congress in 1981. Since then, businesses of all sizes can qualify for it. Engineered Tax Services R&D tax experts can help to analyze your company’s R&D operations to determine if you are eligible.

Why Should You Choose Engineered Tax Services?

Engineered Tax Services tax attorneys, engineers, and scientists are the leading experts that have performed thousands of these tax services over the past decade. Through these services, Engineered Tax Services has generated millions of dollars in the United States stimulus that has impacted millions of jobs in our country.

CEO and tax expert, Julio Gonzalez recently worked in Washington D.C. with our country’s Senate, Congress, Administration, and Treasury to play an instrumental role in passing 2017’s tax reform with a focus on small business growth.

For more information on how specialty tax studies can benefit you, please call (800) 236-6519.


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