A cost segregation engineering review of building components and site improvements was performed on residential buildings, approx. 140,201 sq. ft., in Washington. The resulting benefit included a combined 39.37% reclassification of 27.5-year depreciation class life assets into 5 and 15-year class lives resulting in an accelerated benefit of $4,640,036 in reclassified assets. Upon further inspection, ETS uncovered $256,000.00 in additional tax benefits through the 45L Energy Efficient Home Credit.
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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.