Contact Fred W Clapp for more information
fred@bamprojects.com / 703.298.0705
Projects Engineering-based Cost Segregation Examples
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The decision
As the year ends, how much money are you having to give Uncle Sam? We're in the business of providing solutions that send him less and allow you to keep more.
After all, it's YOUR MONEY!!
Our services are extremly taxpayer friendly and help you and your tax advisor discover savings within the tax code that are often overlooked.
Fred's role with your decision is best represented by the engineering-based cost segregation studies he has managed:
Building Owners and Triple Net Tenants / Lessees - Made them aware of the potential savings, connected with their tax advisor, moved the study forward, and delivered tax savings.
Tax Advisors - Provided no-cost estimates for their clients and followed advisors' directions to move the study forward.
Most of Fred's building owner and tenant clients were unaware of cost segregtion until he explained the advantages. Even a high percentage of their tax advisors presumed their clients would not receive any substantial benefits. As a result of working with Fred, examples of how his clients, and now tax partners benefited, are represented below:
Sample Client Results
Office Buildings
This two tenant 2,700 SF building was eligible for over $25,000 of additional depreciation expense and CSSI© found it for the landlord .
Contrary to assumptions, they can benefit from accelerated depreciation. Our engineering-based cost segregation study found almost $1.3 million of additional depreciation savings for the owners of this 540 unit facility.
Apartment / multi-family / rental
Rental properties drive a lot of tax benefits due to the number of units and types of assets inside them. Here's a fourteen unit building that qualified for $325,000 in additonal depreciation expenses. Single family rental homes are also excellent candidates.
The proprietor of this establishment received $280,000 of tax savings as a result of our engineering-based study. Even if you lease restaurant space, or operate a fast-food franchise, CSSI© can find more tax savings.
The varity of room types and finishings typically found in a hotel result in a high percentage of building assets eligible for accelerated depreciation. This 210 room property generated over $4.2 millon of additional depreciation expense when CSSI© performed an engineering-based cost segregation study for the owners. .
Historic Renov/Rehab
Popular investments, this 2,000 SF home was converted into a first floor retail space with office and an apartment on the second floor. CSSI© delivered $178,000 of additional tax savings to the owners above the local historic tax credits they received.
Rental and the Air BnB property investments are key candidates for cost segregation. Fred's client who owns this beach rental received over $720,000 of tax benefits when they hired CSSI© to perform an engineering-based cost segregation study.
Medical / Dental / Professional
Fred's client hired CSSI© to find tax savings for their first space (pictured on the right) and we delivered $110,000. Two years later they expanded into the unit on the left and we found another $310,000 in tax savings for them.
Any for profit commercial building
Fred has managed cost segregation studies across the country ranging in building values from $75,000 to over $120 million. His typcial clients have commercial buildings with a basis between $450k and $2 million and include:
- Warehouses
- Car Dealers
- Strip Malls
- Manufacturing
- Day Care Centers
- Apartments
- NNN Retail Spaces / Restaurants
- Flex / Industrial Buildings
- Office Buildings
- Cold & Self Storage
- Medical / Dental Offices
- Rental Homes / Air BnB
Let him run a no-cost analysis of your building to learn how an engineering-based cost segregation study might be a fit with your tax reduction strategies.