Cost Segregation is an engineering-based, tax savings tool to help companies that have acquired, renovated, constructed, or expanded real estate to reduce current income tax liabilities by accelerating depreciation deductions for qualifying assets.
Who Can Benefit from Cost Segregation?
Real property owners with a current year tax liability can receive significant benefits from a Cost Segregation Study. There are additional benefits for future repairs and maintenance deductions and the reduction of real estate property taxes.
When should we consider a Cost Segregation Study?
A Cost Segregation Study can be conducted at the time a property is purchased, renovated or constructed. If you placed properties in service in previous years a Cost Segregation study can still be performed in accordance with IRS regulations without amending returns.
HARVARD GRACE ADVISORS offers engineering based Cost Segregation studies in compliance with Internal Revenue Service guidelines and procedures. Harvard Grace will
Provide a No Cost No Obligation fee quote
Work side by side with your CPA or Tax attorney
Stand behind our studies upon IRS examination
Find out if you're paying too much with our Cost Segregation Calculator