Cost segregation categorizes costs of a purchased, constructed, renovated or expanded facility into the proper asset depreciation range for federal income tax purposes.
Performing a cost segregation study identifies assets buried in building costs and assigns the shortest possible depreciation life to them, resulting in maximum tax deferrals on the facility.
What types of clients has Brown Smith Wallace served?
- Retailers
- Manufacturers
- Distributors
- Restaurants
- Automobile Dealerships
What is the process?
To save your tax dollars, we follow an IRS approved step-by-step process to determine short life property. While each project is different, cost segregation studies typically include:
- Review architectural drawings
- On-site facility inspection
- Isolation of shorter class life depreciation
- Prepare detailed asset descriptions
- Document assets qualifying for 3, 5, 7, 10, 15, 20 or 39 year life depreciation
- Review findings with management and prepare final report
Why should I engage Brown Smith Wallace?
We take pride in providing you significant tax savings opportunities. (Careful segregation of personal and real property costs creates substantial tax savings when you need it most -- the first few years after occupying a new or remodeled facility).
By following a proven process and applying years of tax and cost segregation experience, you will receive value and savings. We work hand in hand with you to achieve your goals effectively and efficiently.
What else should I consider?
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