A cost segregation study provides an in-depth, engineering based analysis of the costs associated with the acquisition, construction, or renovation of a building. A properly done study results in additional depreciation deductions and can help to:
- Accelerate depreciation
- Increase current tax deductions
- Defer income tax
- Increase cash flow
Even if you purchased, constructed, or expanded the building in a prior year, a cost segregation study and a simple change in accounting method can allow you to claim the depreciation deductions of prior years without having to amend prior-year tax returns.
The Wipfli team has the right combination of engineering skills, construction knowledge, and income tax expertise to deliver an independent, third-party report that maximizes depreciation benefits and provides fully documented support in case of an IRS audit.
Featured Thought Leader
Steven A. BarnesSteve Barnes is a manager on the cost segregation team with expertise in the engineering approach of cost segregation for both new construction projects and purchased properties. His understanding of construction finances and his ability to analyze construction documents are important assets in the process of cost segregation projects.