Cost Segregation Studies
Increase your near-term cash flow. A cost segregation study ensures taxpayers will be able to take full advantage of the tax law.
The study carves out certain qualifying portions of your building into 5, 7, and 15-year lives that are normally accounted for in 27.5 or 39-year categories.
Shannon & Associates cost segregation services provide you with the following benefits:
- No obligation complimentary cost-benefit analysis
- Feasibility study to determine the applicability of cost segregation specifically for your project
- A detailed evaluation of each system and component
- Review of construction documents, as-built drawings and project specifications (if available)
- Site visit by qualifying engineers
- Provision of a “detailed engineering” review of assets including special-purpose mechanical and electrical systems, decorative finishes, site improvements, and any special-purpose construction
- Classification or reclassification of each building component into its appropriate tax life as prescribed by IRS guidelines
- A written report with asset details supporting reclassification and completion of necessary forms to claim the deduction
Estimated tax benefits in other tax areas include:
- Repairs and maintenance
- 179D Energy Tax incentives
- Abandonment
- Detailed Engineering Insurance Replacement Appraisal (DEIRA)
- Energy Star benchmarking
- Land allocation assessment
- 315 tax form change