Cost Segregation is the practice of identifying assets and their costs classifying those assets for federal tax purposes. For both new and existing properties, the IRS requires that engineering-based cost segregation studies be performed in order to realize the maximum depreciation benefits. Here at Focus, we help you achieve all this and more. The benefits of a cost segregation study include:
An immediate increase in cash flow
A reduction in current tax liability
The deferral of taxes
The ability to reclaim “missed” depreciation deductions from prior years (without having to amend tax returns)