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Tami Simko
  • Female
  • Franklin, WI
  • United States
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  • Kent Harlan, CPA
  • Dr. Madlena Kantscheff
  • Lauren Flores
  • Desiree Richardson
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  • Sandra Simmons
  • Robert Stirm
  • sonia,DDS

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Cosmetic makeovers can make your practice more profitable!

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Consultant, Other
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Cost Segregation Overview

Cost Segregation is an IRS-approved application by which commercial property owners can accelerate deprecation and reduce the amount of taxes owed. This savings generates cash flow that owners often use to reinvest in the business, purchase more property, apply to their principle payment or spend on themselves.

It’s simple, legal and recommended in the August, 2004 issue of the Journal of Accountancy for CPA’s. The article stated, “A taxpayer can substantially increase cash flow by segregating property costs.”

Cost Segregation Study

Cost Segregation Services, Inc. (CSSI), an experienced and qualified engineering company, performs the cost segregation study on your property. The study accelerates the depreciation of your building/renovation components into faster depreciation categories such as 5-, 7-, and 15- year rather than conventional 27.5- and 39-year schedules. Five- and 7-year items might include decorative building elements, electrical for dedicated computer equipment, and carpet. Fifteen-year items might include site utilities, landscaping and paving.

This engineered cost segregation study results in a much higher depreciation expense and significantly reduced taxable income for the property owner. Best of all, the IRS ruling states cost segregation can be applied to all categories of buildings purchased or built since 1986, including renovations, and this provides for the results to be easily applied to your tax return.

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What if you didn't have to make your quarterly tax payment for the next 8 to 10?

Since the changes in tax law took effect in 1986, hundreds of thousands of taxpayers have utilized cost-segregation studies to defer millions of tax dollars. Many real estate and tax professionals view cost segregation as a marketing tool that can be used to develop new business and create a competitive advantage. That's why this highly specialized tax and engineering-based service is being introduced, offered and therefore validated by often nontraditional sources.

Cost-segregation… Continue

Posted on November 11, 2009 at 5:15pm

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At 10:51am on May 31, 2011, Sandra Simmons gave Tami Simko a gift
Thanks for adding me as a friend Tami. I will look forward to reading more of your posts. We should chat sometime so I understand more about how you can help my dentist clients.
At 3:51pm on March 11, 2010, Robert Stirm said…
Tami, in response to your inquiry about cost segregation, I do not know what cost segregation is.


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