Cost segregation is the practice of identifying assets and their costs, and classifying them for federal tax purposes. Herbein’s specialists work to provide you with opportunities to defer taxes, reduce overall current tax burden, and improve your current cash flow. Cost segregation studies can result in accelerated depreciation deductions for properties including new buildings being constructed, renovations of existing buildings, leasehold improvements, and the purchase of real estate.
Owners of residential rental property and other types of buildings purchased or constructed after 1986 may be eligible for a very important tax break approved by the IRS. The tax savings can be very substantial and realized immediately.