Why has my Accountant or CPA not performed a Cost Segregation Study already?

     You may be wondering why your accountant or CPA hasn't already initiated a Cost Segregation study. It's crucial to understand that while accountants possess invaluable knowledge in taxation, a comprehensive Cost Segregation Study requires specialized engineering expertise. Here's why:

Examining Blueprints: Our Analysts are equipped to meticulously interpret blueprints, understanding the intricate details of your property's construction that can significantly impact tax deductions.

Assessing Construction Methods: A thorough assessment of construction methods is essential for identifying components that qualify for accelerated depreciation, a task best handled by engineering professionals.

Inspecting the Building: Our team conducts detailed on-site or virtual inspections, ensuring that every eligible asset is accurately identified for tax purposes.

Estimating Components: Precise estimation of each component's value requires not only accounting acumen but also insight into construction costs and depreciation schedules.

Tax Knowledge Specific to Depreciating Cost Segregated Assets: Our specialized engineers know not only how to take the buildings apart, but are also well versed in the very specific tax code that dictates how to depreciate these assets. While CPA’s have to be well versed in the overall tax code, our team specialize in a small niche area of the Code specific to cost segregation. 

     Furthermore, it's important to note that the eligibility of assets for depreciation can vary depending on specific IRS rulings and the unique characteristics of each property. This necessitates a deep understanding of IRS guidelines and precedents.

     By leveraging engineering expertise alongside accounting proficiency, our team ensures that your assets are being depreciated correctly, optimizing your tax savings while remaining fully compliant with IRS regulations.