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Minimizing Income Tax Liability Includes Cost Segregation!

By: Tom Stevens Real Estate Views: 1431 | Comments: 0 | Votes: 0

Tom Stevens

Cost Segregation is an IRS endorsed tax strategy that is simple and easy to understand. The purpose in having a Cost Segregation Study performed is to allow owners to depreciate their commercial property in a manner that is different from the standard method of accounting, which is 39 years. Some elements of the structure will remain at 39 years. More

Selective depreciation can boost bottom line

By: Tom Stevens Real Estate Views: 1470 | Comments: 2 | Votes: 1

Tom Stevens

Not all assets are created equal in the eyes of the Internal Revenue Service. Some assets purchased during construction of a new building (like light fixtures and lab equipment) have a shorter life span than the building itself -- carrying the potential for a greater tax deduction. And a new law passed by Congress allows additional savings until 2006. After Sept. 22, 2004. 1, 2006. More