If you have recently acquired real estate or have renovated an existing property, you may have an opportunity to significantly defer the payment of federal and state income taxes, thus providing you with immediate cash savings.

Our experienced tax professionals can help you identify these opportunities by performing a cost segregation study.

A Cost Segregation Study will:

Accelerate depreciation deductions to maximize tax savings. Through a CSS, assets' depreciable lives are accelerated where appropriate. This in turn accelerates depreciation expense and decreases taxable income. Therefore, a taxpayer will pay less tax during the early stages of a building's life and benefit from the time value of money.

Increase cash flow. The reduction of the tax liability during the early stages of the building's life reduces the operating cash needed to pay taxes. Cash that would have otherwise gone to pay taxes is now available for other needs, such as investing in the business, debt service, or distributions.

Why Hood & Strong LLP?

The ability to substantiate and justify an allocation of cost to personal property is essential to a cost segregation analysis. Our cost segregation process is in-depth, yet non-intrusive. Our cost segregation specialists use an engineering based approach as specified by the IRS.

At Hood & Strong LLP we bring our proactive personal service philosophy to bear on each engagement. We have a solid understanding of the tax regulations relevant to cost segregation. We also have a unique cost segregation research database of pertinent cases and rulings, and we have the expertise of other cost segregation specialists through the RSM McGladrey Network.