Opportunity zones are garnering increased interest across the country. Taxpayers who meet the requirements for investing in an opportunity zone can potentially take advantage of increased depreciation ...
I hear the comment all the time, “If I do cost segregation, I’ll just give it all back in recapture when I sell.” Allow me to debunk that myth and more. Processing Content Myth 1: “If I do cost ...
Did you know you can do cost segregation on virtually any property? Cost segregation identifies assets and costs within a property in order to accelerate depreciation. In return, this generates ...
Cost segregation studies, or cost segs, have been a widely used accounting tool by real estate investors as a way to preserve capital and realize significant tax benefits through accelerated ...
A few years ago, I helped a client renovate a gorgeous set of cottages that the owner decided to use as short-term rentals. He made good money from the cozy beach bungalows, but hosting family ...
Cost segregation is a powerful tool that can benefit retirees who own commercial properties by optimizing their savings and offsetting taxes — particularly when it comes to converting a traditional ...
Let’s set the stage. A residential rental property owner acquired a 312-unit apartment complex and was looking for strategies to reduce an estimated tax liability of nearly $9 million. Our tax team ...
Earlier this year, a multifamily property owner I advise was assessing a cost segregation study for a recently acquired 180-unit complex. They were leaning toward a provider offering a fully remote ...
Multifamily investment returns come from three sources: income, appreciation and tax benefits. While income and appreciation are widely understood, the tax benefits tend to be less well known. Real ...
I am the CEO and founder of a manufacturing company that leases a building from a LLC that I also own. I keep hearing about cost segregation being used as a potential opportunity for tax savings. Will ...
NEW YORK--(BUSINESS WIRE)--Better Business Advice has released its comprehensive review of the best cost segregation study services for 2024, featuring two standout firms in the field: Omega ...
From the archives: This story was originally published on Jan. 14, 2002, as a part of a special project by The Detroit News. James Kiner first watched his Detroit neighborhood and now his Southfield ...