When should a cost segregation study be done?

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When should a study be done?

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Cost Segregation 7 months 1 Answer 105 views 0

About Todd Strumpfer

Cost Segregation Studies Todd Strumpfer helps commercial building owners reduce income taxes with cost segregation studies and helps business owners improve cash flow by upgrading their billing and collections process. Cost segregation is the IRS approved method of re-classifying components and improvements of your commercial building from real property to personal property. This process allows the assets to be depreciated on a 5, 7, or 15-year schedule instead of the traditional 27.5 or 39-year depreciation schedule of real property. Thus, your current taxable income will be greatly reduced and your cash flow will increase. Todd and his team have completed over 13,000 Cost Segregation Studies for commercial property owners in every state of the U.S.

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  1. Todd Strumpfer

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    It is best to have a study completed for the year the building or improvements are placed in service. However, IRS Revenue Procedures allow taxpayers to “catch up” on the depreciation that was not claimed from the first day the property was placed in service without amending prior years’ tax returns. Furthermore, the IRS recently allowed for the “catch up” period all in the first year rather than over four years, when the Revenue Procedure 99-49 was first introduced. A cost segregation study can be performed on any property constructed, acquired or remodeled since December 31, 1986.

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