An engineered-based cost segregation study is an excellent planning tool approved by the IRS to lower income taxes. It's based on a detailed process that identifies all the costs associated with a building's purchase, construction, repair or renovation. Each cost identified is assigned its shortest recovery period in which it can be depreciated (5, 7, or 15-year vs. the traditional 39-year or 27.5-years in case of an apartment building). This allows owners to increase depreciation deductions, reduce the income tax liabilities and maximize cash flow from their real estate investment.
You may qualify for a cost segregation study if you are paying taxes, and you have purchased, constructed or renovated (including tenant improvements) a building in the last 15 years (or however far back you have records). This webinar will discuss the process and benefits of a cost segregation study.
· Discuss the process of a cost segregation study
· Review the potential financial benefits
· Determine whether you qualify for a cost segregation study
Julie Helms, CPA, Senior Manager
Julie has more than seven years of accounting experience including significant expertise in capitalization and repair and maintenance is currently responsible for the cost segregation practice within the firm. She has in-depth knowledge of the tangible property regulations and had significant responsibility in the implementation of the regulations within the firm. Julie works with clients, client relationship managers, construction companies, project managers responsible for remodels, store personnel and engineers.
CPE: 1 hour
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.