Many commercial property owners overpay federal income taxes every year because they do not take advantage of allowable depreciation expense deductions. These accelerated depreciation expense deductions are readily available to all federal taxpayers under existing IRS tax laws.
With an engineering-based cost segregation analysis, the taxpayer is able to take full advantage of the tax law, thus forgoing the significant cash flow remitted to the IRS each year. We utilize IRS-accepted methodologies and existing tax law, revenue rulings and case law to achieve substantial tax saving benefits for clients.
Engineering-based cost segregation studies identify and “break out” personal property components and land improvements from the structural building cost. Waide and Associates’ engineers get "behind the walls," segregating all possible subcomponents that qualify for shorter depreciable lives. We utilize IRS approved construction industry standards in the cost estimations.