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If you'd like to learn how CSSI© can increase your cash flow by lowering taxes owed, or simply find more tax write-offs with your building, get in touch!
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Fred W Clapp 703.298.0705
fred@bamprojects.com Don't miss any opportunity to save taxes
Provide your info & we'll have numbers to review with you asap
Why Us?
As your cost segregation company, we are:
Focused
We are singularly focused on providing engineering-based cost segregation studies. Our goal is to support your tax advisor with the most accurate engineering-based results that can achieve maximim savings and increased cash flow.
Compliant
Our engineering-based methods allow us to provide the best possible results by adhering to tax code guidelines. In addition, we stay up to date on tax code changes to ensure our clients can utilize our study to make accurate and compliant capitalization or expense decisions.
Affordable
We provide an engineering-based study that is affordable for your commercial property application. Your analysis will include CSSI©'s engineering fee to qualfiy, value, and document your savings at a reasonable ROI.
Independent
We are an independent engineering-based cost segregation study provider. We meet the 13 point specifications stated in the US tax code defining the approved use of cost segregation and the repair regulations for commeral real estate. .
Frequently Asked Questions
Never heard of Cost Segregation?
Cost segregation was first performend by major accounting firms with in-house departments that only worked on the largest properties at costs often exceeding $100k. Over time, most tax advisors came to believe a cost segregation study would be expensive, not a fit for their clients, and beyond their accounting expertise. Fortunately, CSSI© can deliver the same services at affordable fees meaning you can receive tax savings that once were only enjoyed by sophisticated CRE investors and owners of large properties.
Doesn't my tax advisor do this?
Every tax advisor calculates and applies depreciation on a tax return. As such, most CRE investors believe their tax advisor uses cost segregation when in reality, they apply the straigh line depreciaiton method. However, in order to properly apply accelerated depreciation, tax advisors should have expertise in commercial property construction, development, building asset valuation, and in-depth understanding of tax law specific to commercial real estate. Typically, only large accounting firms can perform those services and CSSI© will work with your tax advisor to deliver the same benefits at a fraction of their costs. Not sure...ask your tax advisor if they are using straight line depreciation and then call Fred.
How much does this cost?
The best part about hiring CSSI© to perform your study is that all engineering fees for the site visit, consulting, document collection, 3115 form and study preparation are included. The cost is based on the type of building. For example, a warehouse with a small receiving office takes less time to complete than a multi-tenant office or apartment building would. The amount of time required for CSSI© to qualify, value, and document the building assets is therefore reflected in our fee. Each buidling is different and your no-cost analysis discloses the scope of work and engineering fee. Of course, as a business expense, it can be included as a write-off on your tax return. CSSI© typically delivers a hefty rate of return relative to the fee.
Will a cost segregation study trigger an audit?
A properly prepreared and documented engineering-based cost segregation study will not cause an audit. In fact, cost segregation is recommended in the US tax code as one of the best methods to accelerate depreciation of building costs. We follow the 13 guidelines listed in the tax code to prepare an engineering-based document with each study. However, should the IRS question our study, CSSI© will defend the results at no cost to our client or their tax advisor and we have never triggered an audit.
When should I perform a cost segregation study?
If you owe income tax and own commercial property, a study would be a fit. The timing to let CSSI© perform a study applys with existing buildings or new construction and can be performed on any property constructed, acquired, or remodeled since Jan. 1, 1986.
Does my property qualify?
Yes! If you have purchased, remodeled, or constructed any for-profit commercial or rental property since January 1, 1986. Also, you plan to hold the property for a few years. We often work with NNN build-outs starting at $50k and even buildings with a basis starting at $200k are excellent candidates.
Best Answer to any questions - Get a no-cost analysis
We believe the numbers speak for themselves. Let me demonstrate how an engineering-based cost segregation study can earn your business!
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