The Cost Segregation Industry
IRS Audit Techniques Guide (ATG)
In December 2004, the IRS released the “Cost Segregation Audit Techniques Guide”. The guide discusses the various cost segregation methodologies, tax-deferral strategies, Section 1031 exchanges, and the characteristics of a quality cost segregation study. In reference to the “detailed engineering approach”—which is the approach used at E&M—the IRS states: “In general, it is the most methodical and accurate approach, relying on solid documentation and minimal estimation.”
"The Best of Both Worlds"
AICPA Journal of Accountancy, August 2005
By Mary Foster and William B. Allen III
"Combining Cost Segregation and Section 1031 exchanges allows taxpayers to defer the maximum amount of income taxes."
"Cost Segregation Applied"
AICPA Journal of Accountancy, August 2004
By Jay A. Soled & Charles E. Falk
"When it comes to real estate acquisitions, the jewel of cost segregation is that it yields enhanced depreciation deductions. There can be astounding differences in outcomes between using and not using it."
"Cost Segregation Saves Money"
Denver Business Journal, August 20-26, 2004
By Erin Johansen
"A tax-deferral strategy that's gaining popularity is saving some building owners hundreds of thousands of dollars."
"The Interaction of Cost Segregation, Code Sec. 1031 Exchanges and Depreciation Recapture"
Journal of Pass-through Entities, CCH Incorporated, January-February 2004
By Mary E. Foster and Martin E. Virdick
"Many issues arise with the interaction of like-kind exchanges and the depreciation recapture rules of Code Sections 1245 and 1250. These issues will become increasingly important to taxpayers and their advisors as cost segregation studies become more prevalent and the properties that have been cost segregated are subsequently disposed of in like-kind exchanges."
"Partnering with Specialized Services Firms Can Attract New Clients and Income Streams to Your CPA Practice"
Journal of Tax Practice Management, Vol. 2, No. 4, July-August 2003
By James E. Carroll, Kristina Wagner, Scott T. Meredith, and Tim Moncher
"Cost segregation is an excellent service to offer your clients who own commercial property, and can easily be offered by partnering with an outside specialist. Providing specialized leading-edge services like this to your client base will reaffirm the trust and personal relationship that exists between you and your clients, and serves as an excellent tool to attract new business to your practice." |
1-800-COST-SEG
info@costseg.com
