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Cost Segregation

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Let's start with the Basics: Cost Segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out the personal assets for tax reporting purposes.

Tax savings are buried in construction projects and proper classification of construction or acquisition costs between real and personal property can achieve substantial tax savings. 

Our Cost Segregation study identifies and reclassifies personal property assets to shorten the depreciation time for tax purposes, which reduces current income tax obligations. The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter tax life (typically 5,7 and 15 years) than the building (39 years for non-residential real property). 

Allow our team of Experts here at Carter Company CPA to effectively maximize your tax savings by adjusting the timing of deductions in addition to identifying certain sales and use tax opportunities. 

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