On June 1st, 2022, the IRS published the latest edition of the Cost Segregation Audit Technique Guide (ATG). The Cost Segregation Audit Technique Guide (ATG) aids IRS examiners during audits by providing: ·       Technical Information ·       Examination Techniques ·       What to look for when reviewing cost...Read More

Should I worry if I am audited? Like other tax records, cost segregation studies are subject to IRS audits.  Therefore, it is essential to start with an engineered cost segregation study. Some people worry that having a cost segregation study will trigger an audit, but that isn’t the case. And often, your cost segregation study...Read More

Some companies will try to save money by having cost segregation studies performed in-house by company employees rather than a professional in the industry. Unfortunately, this comes with a significant drawback—In-house studies are often viewed with more scrutiny by the IRS Boddie-Noell Enterprises, Inc. v. the United States[1] In 1996 Boddie-Noel Enterprises, Inc. sued the...Read More

There are many benefits to a Cost Segregation Study. But, a poorly performed cost segregation study can haunt you for as long as you apply a depreciation deduction for the property to your tax return. If you own commercial property, a Cost Segregation Study will lead to tax savings that will make a tremendous difference...Read More