Purchasing or renovating an existing building or constructing a new building? Consider a cost segregation study to maximize the potential tax benefits available. A cost segregation study examines the costs associated with a building structure and related building systems to determine how to segregate these costs into various asset class lives. Segregating costs into various asset class lives may allow a taxpayer to depreciate these costs over a shorter recovery period resulting in accelerated tax savings. The tax savings may assist the taxpayer in financing the construction project and/or improve cash for other initiatives or liabilities.
Watch our recorded webinar here and listen to John Callahan, CPA, Tax Partner, and Mike Zeoli, Jr., CPA, MBA, as they explain the cost segregation study process using real-life examples. View their slides here as you watch the webinar.
For more information, contact John or Mike at Tronconi Segarra & Associates – 716.633.1373, or by email at jcallahan@tsacpa.com and mzeoli@tsacpa.com respectively.
