✔ Increased cash flow.
✔ Increased depreciation in earlier years.
✔ Taxpayers can receive an extra 50% depreciation deduction on certain new "qualifying" assets.
✔ Allows for future write-offs when structural components are replaced.
✔ Creates losses so you can carry-back if needed and carry-forward when applicable.
✔ Amended tax returns do not need to be filed as the IRS has an automatic change procedure that allows taxpayers to file forms with their current tax returns and realize the benefit in one year.
✔ The cost of the analysis is relatively in expensive compared to the ultimate savings.
Types of properties that may benefit from a Cost Segregation Study include, but are not limited to:
✔ Apartment buildings.
✔ Auto dealerships, service centers.
✔ Daycare centers.
✔ Distribution centers.
✔ Gas stations.
✔ Manufacturing facilities.
✔ Nursing homes.
✔ Office buildings.
✔ Retail stores & plazas.
✔ Ships, ocean cargo vessels.
✔ Truck terminals.