Now that I have gained some attention from you millennials (and possibly parents of millennials), first take a deep breath. We’re talking IRS tax deductions, not the social aspect of cohabitating.
Let’s set the stage here. An unmarried couple lives… Read More
Our client purchased a golf course for $6.7 million in 2013. Due to complex depreciation rules surrounding golf courses, and to ensure they weren’t leaving deductions on the table, our client decided to perform a cost segregation study on the… Read More
A new assisted living facility was built at a total cost near $5.8 million. After our client engaged us to complete a cost segregation study, roughly 40% of the costs ($2.4 million) were eligible for bonus depreciation and accelerated depreciation. … Read More
After purchasing a commercial building and incurring renovation costs totaling $7.6 million during 2008 and 2009, our client decided to do a look back cost segregation study and “catch-up” on depreciation deductions the 2015 tax return. Over $3.6 million of… Read More
Our client, an auto dealer, purchased a commercial building for $1.6 million and incurred $1.5 million in renovation costs in 2014. After a qualified cost segregation study was completed, over $1.4 million of assets were broken down into 5-, 7-… Read More