How Memphis Landlords Can Reduce Their Property Tax Bills

Memphis property owners are uncovering a major tax loophole in Cost Segregation Studies! By using this tax minimization strategy, commercial and residential real estate owners will accelerate depreciation schedules, which translates into huge cash flow benefits. No matter what your Memphis, Tennessee real estate portfolio consists of, downtown office buildings, Germantown retail centers, residential investment properties, or even a combination of all of the above, you could be sitting on a huge opportunity to get some of your hard earned money back from the tax man. Memphis

Our dedicated team works with area Memphis investors in the identification of property components that can be segregated and potentially reclassified to accelerate depreciation. We’ve demonstrated success in taking standard depreciation periods of 27.5 years or 39 years, and shifting certain building components onto accelerated depreciation periods of 5, 7, and 15 years.

The Mechanics of a Cost Segregation Study

A cost segregation study is an intricate tax planning technique that relies on the services of a professional engineer to perform a detailed analysis of the components of a particular building or other facility in order to comply with tax law rules as interpreted by the IRS. In such a study, the engineer identifies certain assets within your Memphis property that could qualify for shorter depreciation periods. Personal property, land improvements, and building components are classified separately, which provides for the more rapid write off the associated property.

It’s a combination of construction expertise with knowledge of tax law that allows us to ensure compliance while maximizing every available benefit. Each element of the property is documented, and every element includes supporting analysis to make each position IRS compliant and defensible.

Advantages of Real Estate Ownership in Memphis

These are some benefits that owners of investment properties in Memphis can reap from doing a cost segregation study:

• Higher Cash Flow: Due to the lower tax obligation in the current year from the accelerated depreciation of the asset, a greater amount of money is available to the business owner
• Retroactive Benefits: You can study buildings that have previously been placed in service to claim the opportunity that has been missed.
• Return on investment improved: better depreciation schedules mean increased overall return on investment
• Strategic tax planning for future real estate transactions
• Decreased Tax Burden: Instant tax deductions with correct asset categorization

Who’s Right for a Cost Segregation Study?

Property owners from all categories of Memphis benefit from the services of a qualified cost segregation specialist.

• Investors in commercial real estate: office space, shopping centers, and multi-tenanted properties
• Owners: Hotels, restaurants, and entertainment locations all over the Memphis area
• Healthcare Property Owners: Medical offices, clinics, and specialty healthcare facilities
• For investors in residential real estate: condo buildings, apartment complexes, and rental homes.
• Industrial property owners: These include manufacturers, distributors, specialized production facilities.

Comprehensive Study Process and Deliv

Our Memphis cost segregation studies adhere to established best practices in order to produce precise and reliable results and ensure tax compliance:

• Property Inspection: On-site, thorough assessment from expert engineers and tax advisors.
• Review of Documents: An analysis of construction files, plans and other property documentation
• Asset Classification: Accurate classification of all building elements based on tax rules
• The reporting phase includes extensive documentation that backs up all reclassifications and the depreciation schedules.
• Tax Integration smoothly ties into your current tax prep and planning workflows

What Makes Our Professional Services the Best Choice?

In addition to our vast experience with Memphis real estate markets and in-depth knowledge of cost segregation rules, we have local networks of contractors, architects and other construction professionals. We thoroughly review all studies and provide assistance with tax calculations and questions in the event of an audit.

All of our engineers are licensed professionals and are up to date on changing tax law and what it means to your business regarding accelerated depreciation.

Begin Your Cost Segregation Analysis in Memphis Now

Property owners of all kinds in the city of Memphis could be helped with cost segregation. A cost segregation consultant can review your situation and provide you with preliminary benefits without obligation.

Call us to book your free property analysis today and learn how much you could save on taxes with a cost segregation analysis. We offer up-front fees, clear delivery times, and money-back guarantees because studies on most eligible properties more than pay for themselves. Contact our team