Cost Segregation Studies
Reduce your tax obligation today.
A cost segregation study analyzes your real estate purchase and identifies and reclassifies personal property assets to shorten the depreciation life for tax purposes, which reduces current income tax obligations. Personal property assets include a building’s non-structural elements, exterior land improvements, and indirect construction costs.
The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter tax life (typically 5, 7, and 15 years) than the building (39 years for non-residential real property). Personal property assets found in a cost segregation study generally include items that are affixed to the building but do not relate to the overall operation and maintenance of the building.
What is the tax benefit to you by engaging Soukup, Bush & Associates, P.C. to perform a cost segregation study?
If you have purchased or remodeled a building for your business in the last four years, Congress has passed legislation that offers you a rare opportunity to save money.
A ruling in the Tax Court case, Hospital Corp of America (109 TC No. 21), held that certain building components previously considered structural and depreciated over 27.5 or 39 years, can be classified as personal property or land improvements and depreciated over 5 to 15 years.
Do not miss out on a once-in-a-business-lifetime opportunity to obtain tax refunds from as far back as five years ago.
Commercial real estate owners, tenants, and accounting firms of every type and size choose Soukup, Bush & Associates for cost segregation services. We’ve conducted hundreds of studies over the years, ranging in construction costs from hundreds of thousands to millions of dollars. We have a full-time team of associates dedicated to cost segregation study services—this allows us to deliver our studies on time while offering rapid responses to any questions our clients might have.
Soukup, Bush & Associates is one of Colorado’s leading and most experienced providers of professional cost segregation services.
We’ve conducted more than 200 cost segregation studies during our time as a CPA firm, and that number continues to grow. Our team has completed studies for individual projects with costs ranging from $500,000 to over $15 million.
Contact us to learn more about our services!
At Soukup, Bush & Associates, we are committed to providing our clients with legendary service. By doing so, we strive to add value and provide clients with the tools for success.