Cost segregation practice requires knowledge of both tax law and the construction process. In this book, the authors share their expertise and provide guidance on major aspects of a professional, defensible cost segregation study, including:
The legal framework for cost segregation, as defined by the IRS, tax courts, and federal agencies.
Review of key IRS cases, court rulings, and revenue procedures.
Classification and depreciation methods.
Understanding construction plans and specifications.
Professional takeoff and cost estimating procedures.
Optimizing cost segregation in new construction- from design choices to proper project documentation.
Cost segregation practice requires knowledge of both tax law and the construction process. In this book, the authors share their expertise and provide guidance on major aspects of a professional, defensible cost segregation study, including:
The legal framework for cost segregation, as defined by the IRS, tax courts, and federal agencies.
Review of key IRS cases, court rulings, and revenue procedures.
Classification and depreciation methods.
Understanding construction plans and specifications.
Professional takeoff and cost estimating procedures.
Optimizing cost segregation in new construction- from design choices to proper project documentation.