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Tax Watch By Eric Johnston
In recent years, many commercial real estate owners have become more familiar with the tax benefits of cost segregation. Due to cost and complexity, these studies were once only practical for large property owners. However, several boutique consulting companies have emerged, making the process more affordable for small-building owners as well. In addition, recent tax changes have made cost segregation a beneficial strategy...more _____________________________________________________________________________ Cost Segregation Applied BY JAY A. SOLED AND CHARLES E. FALK
Purchasers of real estate can gain tremendous tax benefits by using a popular asset depreciation technique called cost segregation. Using this method, buyers view a real estate acquisition as consisting not only of land and buildings but also tangible personal property and land improvements. The tax savings come from accelerated depreciation deductions and possible easier property write-offs. A taxpayer can use cost segregation when constructing a building, buying an existing one, ...more _____________________________________________________________________________ Cost Segregation By Mark de Stefanis
In the case of Hospital Corp. of America and Subsidiaries v. Commissioner , 109 TC (1997), the tax court concluded property qualifying as tangible personal property under former investment tax credit (ITC) rules would also qualify in the same manner for the purposes of tax depreciation. This was a major victory for taxpayers. Practitioners can now look to former ITC rules when determining whether a property is depreciated as real property with a 39-year recovery period, or personal property with a five- to 15-year recovery period.If you own a self-storage facility, a recent tax court decision now provides a proven method to add money to your bottom line. You do this by using cost-segregation techniques-- ..more _____________________________________________________________________________ Legalities and Benefits of Cost Segregation By Kathleen Humen
As we close the books on another fiscal year, self-storage owners should be looking for ways to keep more of their money. If you are depreciating your facility over 39 years, you may be sitting on a financial windfall through the use of cost segregation.-- ..more _____________________________________________________________________________ Cost Segregation can Lead to Recovered Expenses By Mike Baker
A cost segregation study can help a real estate owner recover major capital improvements costs or spur building acquisitions more rapidly - enhancing property returns and cash flow. Essentially, real estate cost segregation is a procedure that significantly accelerates depreciation of investments for construction, acquisition or renovation of business buildings and ..more _____________________________________________________________________________
IRS - Cost Segregation Audit Techniques Guide This ATG has been developed to assist Internal Revenue Service (Service) examiners in the review and examination of cost segregation studies. The primary goals are to provide examiners with an understanding of -- ..more |
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