Quicken Your Tax Rebound: Shreveport Property Owners

A growing number of Shreveport property owners are realizing the tax benefits of a cost segregation study. These engineering-based studies identify certain building components that allow the property owner or business to accelerate or shorten the depreciation on the commercial structure. By converting the decades of standard depreciation into current deductions, cost segregation has the potential to save a business in Shreveport significant money in taxes.

If you own property of any type, commercial, industrial, or even multi-family, in the Shreveport area, a cost segregation study could reveal significant savings that you didn’t realize existed with the standard straight-line depreciation schedule.

The mechanics of a Cost Segregation Study

A cost segregation study is an engineering analysis conducted by our experts to shift the cost basis of a building from the 39-year commercial property or 27.5-year residential property depreciation schedule to more advantageous 5, 7, and 15-year depreciation lives.

The result of this process is that the cost basis for your building is allocated into many asset types, each with their own depreciation schedule. Thus, instead of depreciating the building over decades, you get a bunch of accelerated depreciation deductions right away.

Top Advantages for Shreveport Homeowners

Property owners in Shreveport can derive tangible benefit from a cost segregation study.

• Immediate tax deductions (), often worth 20-40% of the building’s basis in the first year ().
• Improves cash flow by allowing you to reinvest money saved from lower taxes into more properties
• Accelerated depreciation on qualifying building components with no change in total depreciation amount
• Bonus depreciation opportunities currently available for qualifying property under tax laws
• Retroactive benefits () applicable to homes bought in prior years via catch-up adjustments.

Who Is a Good Candidate for a Cost Segregation Study?

Cost segregation proves most beneficial for particular categories of properties and particular holding conditions.

• Commercial property owners whose building values are greater than or equal to $500,000.00
• Real estate developers finishing new build out or big remodel of a property in Shreveport
• Real Estate Investors looking to structure tax for multiple properties CHUMTAG2
• Business owners who acquired or built a facility recently
• The high-income taxpayers most likely to reap benefits from accelerated deductions are those who are subject to high tax rates.

Comprehensive research elements

For your Shreveport properties, we provide a detailed breakdown of costs and a comprehensive final report:

• Engineering Site Inspection , Including Component Identification and Sizing
• Construction document reviews; including drawings, specifications, and contractors bills
• Assets are classified under according to IRS regulations as well as standard depreciation classifications.
• Breakdown of costs in the following schedule (), supporting reclassification of the building components.
• Professional report preparation to help meet IRS requirements for tax filing.