Bonus Depreciation and the Five-Year Phase Out

Written by Jessie Lewis. Updated Apr 17, 2023.

Cost segregation is the process of identifying property components that are considered "tangible personal property" or "land improvements" under the federal tax code. The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter tax life (typically 5, 7, and 15 years) than the building (39 years for non-residential real property or 27.5 years for residential rental property).

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Cost Segregation Analysis - When You Care Enough to Give the Very Best

Written by Corporate Tax Incentives. Updated Aug 21, 2019.

You’re a CPA. You direct large sums of money, prepare tax returns, bestow financial advice, conduct audits…What would you consider your paramount duty for the success of your business?

Keep abreast of new tax regulations? Stay dialed in to current economic trends? Continue industry skills training?

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Cost Segregation Hops to the Rescue for Brewery Expansions

Written by Corporate Tax Incentives. Updated Aug 14, 2019.

A hefty American stout. A biting English bitter. A robust German Bock. A fine Irish Red. A citrusy Belgian witbier. Beer. You love them all. So much so, you decided to  make your own. You wanted to experiment, create new brews, and share your concoctions with your friends.

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States are Pitching Big Tax Breaks for Investors in ‘Opportunity’ Cities

Written by Corporate Tax Incentives. Updated Jul 14, 2019.

“If you build it, he will come.”

The 1989 movie Field of Dreams hit a home run at the box office and drafted this inspiring line to number 39 in the American Film Institute’s 100 Greatest Movie Quotes of All Time. For those who haven’t seen the magical, feel-good movie: a ghost of baseball past repeatedly whispers these words to Ray, a young corn farmer and baseball aficionado.

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Want the Truth About Cost Segregation?

Written by Taz Singh, CPA. Updated Jun 25, 2019.

Half-truths, misconceptions, and myths fly about our world like a colony of “blind” bats awakened for the night: Napoleon was short, don’t wake a sleepwalker, you can see the Great Wall of China from space, the ‘five-second rule,’ duck quacks don’t echo, bulls hate red…

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How Real Estate Investors Get Real Savings with Cost Segregation

Written by Bill Mark. Updated Jun 18, 2019.

Have you had the pleasure of playing the real estate investment boardgame Monopoly? For anyone who’s shuffled the game's distinctive pieces across the board, “bought” and “sold” teeny houses and hotels, lost a pseudo fortune to a well-invested opponent, or scored some of that characteristically colorful money with a fortuitous Community Chest card, you know it’s a game of strategy. Your friends who scrutinized their investments and calculated every move usually won the game.

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Hey CPAs, Do Cost Segregation Studies Benefit Your Clients? You Bet.

Written by Frances Kim. Updated Jun 17, 2019.

 As a CPA, you want to provide your clients with the best service possible. Part of superior service includes saving them the most money, wherever and whenever you can. And a cost segregation study can answer that call to help discover more hidden cash. Read on to find out how.

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Don’t Fear the Audit, Partner with a Tax Consultant

Written by Charlotte Ochs. Updated Jun 8, 2019.

You are a savvy business owner. Part of your business acumen includes knowledge of potential tax credits that can benefit your bottom line. However, the words “potential for audit” linger in the back of your mind.

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Four Ways to Ensure the IRS Accepts Your Cost Segregation Study

Written by Darren Labrie, CPA. Updated Apr 30, 2019.

Book Reports. Back in school, many of us agonized over the time-consuming, rule-laden amalgamation of facts and theories. Sometimes you were permitted to pick the topic, sometimes the teacher did. But the teacher always laid down the requirements: double-spaced; 800 to 1,000 words; typed (or printed if you go back that far); include a cover page with your name, date, etc.

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Why Should a Professional Handle Your Cost Segregation Study?

Written by Darren Labrie, CPA. Updated Apr 12, 2019.

I’m a little bit of a do-it-yourselfer (DIYer). As with many other “I got this” zealots, I’m always game for saving a few bucks and invigorating the ego with bragging rights for completing a task or home-improvement venture that most others would call upon a professional to tackle.

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