The Practice of Cost Segregation Analysis: Maximizing Tax Bennefits for Building Acquisitions and Construction (RSMeans) - Hardcover

Desrosiers CPA MST, Bruce A.; Del Pico, Wayne J.

 
9780876297445: The Practice of Cost Segregation Analysis: Maximizing Tax Bennefits for Building Acquisitions and Construction (RSMeans)
Hardcover
ISBN 10: 0876297440 ISBN 13: 9780876297445
Publisher: RSMeans, 2004

Synopsis

This expert guide walks you through the practice of cost segregation analysis, which enables property owners to defer taxes and benefit from “accelerated cost recovery” through depreciation deductions on assets that are properly identified and classified. A relatively new practice that evolved from various court decisions and Internal Revenue Service rulings, cost segregation can be applied to new buildings under construction, renovations of existing buildings, leasehold improvements, and purchased real estate –  going back as far as 1987.

Cost segregation practice requires knowledge of both tax law and the construction process. In this book, the authors share their expertise in these areas with tax and accounting professionals, cost segregation consultants, facility owners, architects and general contractors –  providing guidance on major aspects of a professional, defensible cost segregation study, including:

  • The legal framework for cost segregation, as defined by the IRS, tax courts, and federal agencies
  • Review of key IRS cases, court rulings, and revenue procedures
  • Classification and depreciation methods
  • Understanding construction plans and specifications
  • Professional takeoff and cost estimating procedures
  • Optimizing cost segregation in new construction –  from design choices to proper project documentation

With a glossary of terms, sample cost segregation estimates for various building types, key information resources, and updates via a dedicated website, The Practice of Cost Segregation Analysis is a must-have resource.

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About the Author

Bruce A. Desrosiers CPA, MST and Wayne J. Del Pico are the authors of The Practice of Cost Segregation Analysis: Maximizing Tax Bennefits for Building Acquisitions and Construction, published by Wiley.

"About this title" may belong to another edition of this title.

Publisher
RSMeans
Publication date
2004
Language
English
ISBN 10 
0876297440
ISBN 13 
9780876297445
Binding
Hardcover
Edition number
1
Number of pages
240