PRIMARY CONTACT: David J. Mitros CPA
Your company’s real estate holdings constitute a huge capital investment. With Schneider Downs’ engineering-based cost segregation studies, you can maximize your real property’s financial return by generating significant cash flow savings.
Our cost segregation analysis generates cash tax savings by carving out shorter-lived assets (qualifying for 5-, 7- or 15-year write-off periods) that are normally imbedded in a building’s construction or acquisition costs (generally depreciated over 39 years).
Enjoy the windfall for real property constructed or purchased in a prior tax year or for proprety constructed or purchased in the current tax year.
You now have a valuable opportunity, courtesy of the IRS, if you constructed or purchased real estate in a prior year but did not have a cost segregation study performed. An IRS procedure now allows you to deduct depreciation amounts that you are legally entitled to, but did not claim (e.g., due to erroneous property classification as a 39-year depreciable building) entirely in the tax year in which you complete a study.
Our cost segregation consultants possess the engineering expertise and the necessary tax compliance skills to permit you to accelerate tax depreciation deductions, reduce taxes and increase your cash flow through our cost segregation studies.
Which industries does Schneider Downs Cost Segregation Services benefit?
Additional Tax Credits and Incentive Services
About Schneider Downs Tax Advisors
With one of the largest regional tax practices in the country, Schneider Downs Tax Advisors’ personal focus on clients and in-depth understanding of current issues ensures that clients are complying with tax filing requirements and maximizing tax benefits. Our industry knowledge and focus ensures delivery of technical tax strategies which can be implemented as practical business initiatives. Learn more at Tax Services.
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Big Problem: Inefficient Tax Credit Realization.
Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and consulting services to public and private companies, not-for-profit organizations and global companies. We also offer risk advisory, transaction advisory, digital consulting, wealth management, retirement plan solutions and investment banking services. Schneider Downs serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), metropolitan Washington (DC) and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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