Process of a Cost Segregation Study

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With basic project information such as facility type, acquired vs constructed property, basis of depreciable improvements, you will have an understanding of the amount of depreciation deductions will be frontloaded into early years. This estimate is free, and will be provided before an engagement letter is issued. 

Depending on the project type, we will request information for the project. For newly constructed properties, general contractor cost detail and as-built drawings will be requested. Acquired properties we will ask for an appraisal and settlement statement. For either type of study, we will want to engage in an in-person site visit.

Once all information is received and the site visit is performed, a cost segregation report will be issued in a turnaround time of four weeks or less. The report will include the reclassification summary of assets and applicable supporting tax law, should the IRS ever perform an audit on the subject property.