The Practice of Cost Segregation Analysis: Maximizing Tax Bennefits for Building Acquisitions and Construction

by Bruce A. Desrosiers CPA MST, Wayne J. Del Pico

This expert guide walks you through the practice of cost segregation analysis, which enables property owners to defer taxes and benefit from “accelerated cost recovery” through depreciation deductions on assets that are properly identified and classified. A relatively new practice that evolved from various court decisions and Internal Revenue Service rulings, cost segregation can be applied to new buildings under construction, renovations of existing buildings, leasehold improvements, and purchased real estate –  going back as far as 1987. Cost segregation practice requires knowledge of both tax law and the construction process. In this book, the authors share their expertise in these areas with tax and accounting professionals, cost segregation consultants, facility owners, architects and general contractors –  providing guidance on major aspects of a professional, defensible cost segregation study, With a glossary of terms, sample cost segregation estimates for various building types, key information resources, and updates via a dedicated website, The Practice of Cost Segregation Analysis is a must-have resource.

Hardcover

First published January 7, 2004