Cost Segregation is a strategic tax planning tool that allows you to increase cash flow and accelerate your federal and state income tax depreciation deductions on real estate you have purchased, constructed, expanded, or remodeled including landlord or tenant improvements. A Cost Segregation Study identifies, segregates, and reclassifies all building costs that qualify for shorter depreciable lives.
Many costs that were originally classified in commercial real property categories, with a depreciable life of 27.5 or 39 years, can be reclassified into personal property or land improvement categories with shorter depreciable lives of 5, 7, or 15 years. This accelerated depreciation reduces taxes and increases net income.
Cost Segregation Studies benefit new construction, building acquisitions, and renovations to existing property, including leasehold improvements by lessor or lessee and improvements by an owner/occupant.Cost Segregation Studies are supported by over 200 IRS and tax court rulings, including the Hospital Corporation of America V. Comm.
Many costs that were originally classified in commercial real property categories, with a depreciable life of 27.5 or 39 years, can be reclassified into personal property or land improvement categories with shorter depreciable lives of 5, 7, or 15 years. This accelerated depreciation reduces taxes and increases net income.
Cost Segregation Studies benefit new construction, building acquisitions, and renovations to existing property, including leasehold improvements by lessor or lessee and improvements by an owner/occupant.Cost Segregation Studies are supported by over 200 IRS and tax court rulings, including the Hospital Corporation of America V. Comm.
Services
Millennium Commercial Group Consulting Services include comprehensive reviews of properties, projects, and problems to find the answers necessary for your business needs.
We also provide a full range of comprehensive financial analysis services, operational management, risk management & loss mitigation, quality control, and marketing consulting to help your profitability and efficiency.
We give you the information that will allow you to make the best decisions for your business.
We also provide a full range of comprehensive financial analysis services, operational management, risk management & loss mitigation, quality control, and marketing consulting to help your profitability and efficiency.
We give you the information that will allow you to make the best decisions for your business.
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