Why Choose Us?
Cost Seg Property LLC is a firm with integrity and conviction whose goal is to positively impact the financial portfolio of real estate investors. Our highly qualified team of sales specialists, construction analysts, and tax specialists, work synergistically to provide an IRS compliant accelerated depreciation report. With 20 years of experience in the production of cost segregation studies and 80 years of combined construction experience, you can be fully confident when you engage our team.
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Our firm's reports adhere to the highest degree of documentation, analysis, and precision cost detailing, out of the various methodologies that the IRS recognizes in its 268-page publication entitled, “Cost Segregation Audit Technique Guide”. As such, we only utilize the two methodologies that reflect costing data and report content that are recognized by the IRS.
They Are:​
1. Detailed Engineering Approach from Actual Cost Records.
The use of actual cost records in the first approach contributes to the overall accuracy of cost allocations and is generally applicable only to new construction; where detailed direct cost information (from contractors, suppliers, etc.) and indirect cost information (from consultants, local building departments, etc.) is readily available.
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2. Detailed Engineering Cost Estimate Approach.
​The latter approach, the Cost Estimate Approach, is used when cost records are not available, such as with an acquisition of existing property. In this context, additional steps must be taken to determine the values of the acquired assets, such as addressing physical depreciation and functional obsolescence.
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​Cost Seg Property LLC's adherence to these two methodologies is the basis for our motto: PRECISE ANALYSIS = MAXIMUM RETURN.
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While we perform at the highest and most rigorous levels, others do not, and they fall far short of our excellent standards. There are a number of firms that use the “Rule of Thumb” approach, which effectively takes the entire cost basis of your property and divides it into random amounts to do their “study”. This approach is an invitation to an audit by the IRS as it doesn’t reflect actual cost data, resulting in dollar amounts on your depreciation schedule that can’t be substantiated, and an invitation from the IRS to join an “Audit Ball” to be given in your honor.
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Because of our high standards, we offer free audit protection. In the unlikely event you are audited by the IRS because of cost segmentation depreciation, we will represent you in that audit; conditioned upon your CPA or individual doing your tax return, using our numbers in your depreciation schedule.
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Cost Seg Property LLC is a firm you can have confidence in due to our highly qualified team, our standard of excellence, precise analysis, and IRS compliant reports.
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