Cost Segregation Services
Noteworthy Commercial Finance has partnered with industry leading
Cost Segregation Services Incorporated (CSSI) to represent their cost segration evaluation and study services throughout the nation with a specific focus on the Baltimore and Washington metropolitan areas.
Our Objective:
Our objective is to facilitate maximum tax savings to improve your cash flow.
What is Cost Segregation?
Cost Segregation is an IRS-approved process of identifying personal property assets that often get buried or lumped together within the Real Property asset category. By undergoing a cost segregation study, these personal property assets are reclassified to the shortest possible depreciable life to enable the real estate owner to maximize his or her tax depreciation situation, thereby reducing the current income tax obligations. The tax savings generates cash flow that owners can use to reinvest in the business, purchase more property, apply to their principle payment or spend on themselves.
How does it work?
Cost Segregation Services, Inc. (CSSI), an independent third party, performs an engineered cost segregation study on your commercial property. Through the study CSSI engineers identify and reclassify segments of your real property into personal property. This allows you to accelerate the depreciation of your building and/or renovation into five-, seven- and 15-year categories rather than the conventional 27.5- and 39.5-year schedules. Five- and seven-year items include decorative building elements, electrical for dedicated computer equipment, and carpet. Fifteen-year items include site utilities, landscaping and paving.
About Cost Segregation Services Incorporated (CSSI)
CSSI is a cost segregation firm specifically focused to perform engineering-based cost segregation studies for commercial properties valued at $300,000 or greater.
CSSI was founded by industrial engineer/economist, Jim Shreve, who designed the CSSI Study based upon the Cost Segregation Audit Technique Guidelines written by the IRS.
Our CSSI Studies have been performed for commercial property owners in every state of the U.S. Your professional CSSI representative can demonstrate and coordinate the application of cost segregation for commercial property owners. Your CSSI representative brings the personal professional attention every commercial property owner and their CPA needs to assure the proper engineered cost segregation result according to the IRS tax rules.
Click on the link below to learn more
