Tax Alert: IRS takes a stand on Cost Segregation for Apartment Buildings

03/15/2012

Summary:In the recently released AmeriSouth XXXII., Tax Court Memo 2012-67, the IRS makes its first meaningful strike in its attempt to marginalize the benefits of cost segregation studies for residential rental property. For many taxpayers and CPAs, this is a complete surprise. However, KBKG clients have been warned for over a year that this was likely … Read More

Cost Segregation Studies: Best Practices – Seminar

03/06/2012

Gian Pazzia will be speaking in an upcoming Strafford live phone/web seminar entitled “Cost Segregation Studies: Best Practices” scheduled for Thursday, April 5, 1:00pm-2:50pm EDT. Because of your affiliation with KBKG, you are eligible to attend this seminar at 50% off. A thorough cost segregation study can materially reduce federal income taxes (by segregating personal … Read More

Release the Cash in Your Property by Applying Cost-Segregation Techniques

09/26/2005

Author: Annette Bajek | Publication: East Bay Business Times If your clients own commercial or residential rental property and dutifully deduct 1/39th or 1/27.5th of its value each year, they are leaving money on the table. The 39-year figure represents the depreciable life of a commercial building while 27.5 years represents the depreciable life of … Read More

Another Cost Segregation Article

07/07/2005

Author: Luis A. Guerrero, CPA, MBT | Publication: CPA/Law Forum Newsletter Another Cost Segregation article you ask? By now you have probably read a dozen articles on the benefits of a Cost Segregation study. You are wondering whether or not it is worth your time to be reminded of these benefits when you are really … Read More

Cost Segregation: The Secret is Out

06/10/2005

Author: Gian Pazzia | Publication: CPA Leadership Report To access this article from its original publication please visit www.cpaleadership.com If you are a CPA and haven’t heard the term “Cost Segregation” yet, you will undoubtedly hear more about it going forward. Since the IRS released it’s one hundred and twenty page Cost Segregation Audit Techniques … Read More

Maximizing Cash Flow with Cost Segregation Studies

06/06/2005

$538,344 – That’s the 250% increase in tax deductions over the first 5 years of ownership for a real estate investor who had a cost segregation study performed on his recently acquired 30,000-square-foot strip mall. Large real estate developers and Fortune 500 companies have been using cost segregation studies over the past two decades to … Read More

Increased Savings for Gas Stations with Convenience Stores

06/01/2005

Commercial buildings are usually depreciated on a straight-line basis over 39 years. Rev. Proc. 87-56 enabled taxpayers to depreciate the Section 1250 real property (structure) of a gas station using the 150% declining balance method over 15 years. However, many taxpayers are unaware of another rule affecting convenience stores associated with many gas stations. In … Read More