Cost Segregation and Tangible Property Repair Regulations
Cost Segregation is a tax strategy that identifies and classifies building component costs for federal tax purposes. The primary goal of Cost Segregation is to identify all property-related costs that can be depreciated faster (typically over five, seven and 15 years) or written off as a retirement.
The Tangible Property “Repair” Regulations provide clarity on the treatment of building related repair and maintenance expense going forward.
This webinar covered potential tax planning strategies with practical examples. Participants were better able to identify tax saving opportunities and be in compliance with these new regulations after attending this webinar.