Introduction

Chattanooga landlords are finding out that a cost segregation study is a powerful tool for realizing tax advantages. This engineering process helps you accelerate depreciation on commercial real estate and residential rental properties, which can save you thousands of dollars in federal taxes for an office building in downtown Chattanooga, an industrial facility in greater Chattanooga, or an investment property in Chattanooga. Chattanooga

The Process of Cost Segregation

Cost segregation essentially takes things from the slower 27.5 or 39-year categories and moves them into the 5, 7, or 15-year buckets. Cost segregation studies involve an engineering study that looks for specific assets (specialized lighting, architectural, landscaping). It’s completely legit and IRS-approved. It provides an immediate tax benefit to the right property.

Advantages for Property Owners in Chattanooga

Chattanooga property investors stand to benefit financially from cost segregation studies:

• Immediate deductions can be applied in the first year of purchase or improvement.
• Improved cash flow due to reduced taxes incurred this year
• Qualifying retroactive benefits for previously bought properties
• Accelerating the depreciation period to increase return on investment.
• The capacity to plow tax savings back into purchasing more assets or making property upgrades

Who Should Use Cost Segregation

There are certain property types and ownership structures for which a cost segregation study is likely to be particularly beneficial:

• Commercial property owners with buildings worth more than $500,000
• Owners who bought or renovated a property within the last four years.
• Higher-bracket property owners seeking instant deductions
• Real estate managers of multiple investments
• Those in business who built or remodeled places of business

Here’s What’s Included in a Chattanooga Cost Segregation Study

We use the latest IRS rules and engineering best practices in our full tax analysis:

• On-site survey by professional engineers and accountants
• Examining construction documents, site plans, and contracts of purchase and sale
• A component-by-component review of all the building components and improvements
• Developing a thorough cost segregation report along with supporting evidence.
• Collaborate with your current tax accountant to ensure a smooth filing process.

Why Choose Us

Our engineers work side-by-side with top notch tax specialists to offer the Chattanooga property owner the best results. We adhere to a very high standard of quality and have a comprehensive team to assist you every step of the way. Our studies withstand IRS scrutiny because we follow established protocols and provide thorough documentation. We also work with your accountant or tax preparer, so that your taxes can be filed seamlessly, and with maximum efficiency.

How to Get Started

Get your Chattanooga properties started with cost segregation now. Start off with a free evaluation to determine what benefits are available to you based on your property type. We’ll run the details through before we move any further. Call today and find out how much money you can save on your real estate. Contact our team