Cost Segregation:
How Ed Allen CPA can help?
Commercial facilities are usually depreciated, or “written off”, over 39 years. In total, 25-35% of the cost of every commercial facility has property that BY LAW should be depreciated over 5, 7 or 15 years, instead of 39 years.
The tax savings that result from identifying and segregating the 5, 7 or 15 year property from the 39 year property is substantial.
This property qualifies for other tax benefits as well such as accelerated methods of depreciation, the §179 expense deduction, bonus depreciation, and more…
Are YOU Eligible For Substantial Tax Savings?
Three questions help you determine if you qualify for substantial tax savings resulting from a Cost Seg Study:
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Do you own commercial property (or improvements) that were placed in service since January, 1987?
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Are you currently paying or have you recently paid income taxes?
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Would you like to PAY LESS taxes?
How Can Allen Consulting Really Help?
Accelerating depreciation expense is easily achieved by engaging Allen Consulting to identify and segregate the personal property and land improvements from the real property in an existing facility. To achieve the substantial tax savings, Allen Consulting combines our construction and tax expertise with approved IRS segregation methodologies. The result is substantial tax savings passed on to the taxpayer.
Has My CPA (or Tax Professional) Already Done This?
It is the unique combination of construction engineers, state and federal tax professionals and accounting experts that enables Allen Consulting to provide cost segregation studies and the substantial tax savings to taxpayers. Allen Consulting’s specialized engineering expertise is required to meet the rigorous standards of the IRS, to thoroughly dissect construction cost data and to prepare estimates based on the construction blueprints and on-site visit.
What Makes Ed Allen CPA Different?
William E. Allen, CPA, founder and owner of Allen Consulting, is widely acknowledged as one of the nation’s leading experts in the area of cost segregation. On the topic of cost segregation, Mr. Allen has been published in the Journal of Accountancy, he has lectured at National CPA conferences and is experienced in the technical tax and construction issues that are common to the industry.
Does Allen Consulting Replace My CPA?
Allen Consulting partners with other CPAs (and other tax professionals) to provide Quality Cost Segregation Studies for the benefit of the taxpayer. Further, Allen Consulting can offer technical support that other cost segregation providers cannot because of the wealth of cost segregation specific tax knowledge that Mr. Allen has available to share.
How Do I Make An Informed Cost/Benefit Decision?
Allen Consulting provides FREE, NO-OBLIGATION, WRITTEN PROPOSALS once we receive three simple pieces of information:
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The business activity of the facility (i.e. apartment, hotel, office, retail, etc.)
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The tax basis of the facility (net of LAND) (i.e. $1.5 Million, $250,000, etc.)
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The year the facility was placed in service (i.e. 1987, 2001, 2008, current or future year).
