Anytime you buy, build or remodel a building, there is an opportunity for a cost segregation study. Cost seg is an engineering-based approached to analyzing building costs, which can help a taxpayer increase depreciation deductions, defer taxes and increase cash flow.
Robert Haggerty, Tax Partner at Brown Smith Wallace, discusses how a cost seg study works, common savings found and why it's almost never too late to do a study.
Originally published September 2015
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