Reduce Tax through Cost Segregation: Commercial Property Analysis

Reduce Tax through Cost Segregation"Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.” — F. J. Raymond, humorist

Did you know that in 1997 the IRS approved a tax strategy (Cost Segregation) that allows specific real property assets that typically receive a depreciation life of 39 years (commercial real property) or 27.5 years (commercial residential property) to be reclassified as tangible personal property with a depreciation life of 5 years or land improvements with a depreciation life of 15 years? 

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