The ideal time to perform a Cost Segregation Study is before
beginning construction, remodeling, or expansion of your
project. However, a Cost Segregation Study can be performed
any time thereafter.
 If you
acquired your building in a prior year, a Cost Segregation
Study can still be performed. The IRS allows us to go as far
back as 1987 and perform a “Look-Back” study without
amending prior years’ tax returns. The depreciation you did
not use in prior years can be claimed all in one tax year.
The additional depreciation allowed as
a result of the Cost Segregation Study could provide a
substantial one-time cumulative tax benefit in the year the
study is performed. In addition, your future depreciation
deductions could also be enhanced. |
