Intro
As property owners discover how much cost segregation can lower taxes for them. When it’s done in Casper, a cost segregation study is a tax planning strategy that helps commercial and residential property owners accelerate the write-off of some property components, and get more current tax savings and greater cash flow. In Wyoming, with so many business friendly regulations and the Casper real estate market continuing to develop and grow, the tax savings potential from a cost segregation study could be substantial for a Casper property owner. Casper
What Is Cost Segregation?
A cost segregation study is the process of determining what personal property asset components of a property exist and separating those components for acceleration of depreciation deductions. Most building components are depreciated over a 27½ year or 39 year life, however many assets within that building could be depreciated over a five, seven or 15 year lives through a cost segregation analysis. We conduct the study to find your highest possible depreciation, so you can maximize your current year depreciation deductions while still staying within IRS guidelines and all other applicable standards.
Why Get A Cost Segregation Study?
There are many advantages of a cost segregation study to any property owner including the following:
- Accelerate tax savings from depreciation to get relief right now
- Improve current year cash flow by getting less tax due
- Increase return on investment for all investment properties or residential rentals
- Delay tax payments to a future date where tax rates will be less (if possible)
- Get tax benefits on existing property (retroactive cost segregation studies can be conducted)
- Have an accountant-approved study to support all the deductions
Who Should Consider A Cost Segregation Study?
Cost segregation tax savings can be beneficial to many property owners, such as
- Commercial property investors that own buildings with a value over $500,000
- Owners of rental residential properties with multiple units
- Real estate developers with buildings that were recently completed
- Property owners who may have just completed major building renovations
- Investors that have an immediate need to reduce or offset tax and maximize their cash flow
- Businesses that may own their facilities, such as commercial property
What Is Included In A Cost Segregation Study?
Our cost segregation studies adhere to the highest standards set by professionals to deliver you the greatest benefits. Our cost segregation study includes:
- Detailed property inspection by qualified engineers and tax experts
- In-depth review of construction plans, blueprints, and invoices
- Property asset identification and classification per IRS standards
- Customized cost segregation report with documentation to support
- Professional pictures and diagrams showing every asset found
- Continued support throughout tax preparation and audit questions
Why Choose Us
We have experience working with a variety of property owners in Casper who use our professional cost segregation services. We maintain our certifications up to date and continue to stay informed of changes in tax law and best practice. All of our reports include complete documentation, engineering studies, and full client support. Our proven performance includes tax savings and audit defense success for clients in all parts of the state of Wyoming.
How To Get Started
Take advantage of the real estate tax benefits that can be available through cost segregation by contacting our cost segregation experts at our firm for a free consultation on what may be available for your property. Call our firm today to schedule a property analysis of your Casper real estate to determine if cost segregation can be beneficial to you as an investment and as a cash flow tool. Contact our team today