Change in Accounting Method
‘Tis the Season for Cost Segregation Studies
Tax Season Cost Segregation Studies: Several CPA firms in the Sacramento area have contracted with me this year to do Cost Segregation Studies not only for their own real estate, but also to provided these tax-saving studies for their clients. So far this tax season I’ve looked at law offices, food processing facilities, optometrist offices, CPA complexes, optics labs, agricultural properties, and a variety of rental office complexes—all of these business owners will benefit from tax savings when they submit their cost segregations studies to the IRS.
Cost Segregation Studies Save Taxes
Cost Segregation Studies could save Sacramento and Northern California business owners thousands–even hundreds of thousands–of dollars in taxes if they own their facilities. Most of these business owners, however, don’t seem to know about Cost Segregation Studies. Why do I say that? Because every time I mention the advantages of a Cost Segregation Study to an owner of income-producing facilities, whether in Sacramento, Stockton, San Francisco or Yuba City, I get a puzzled look, the same look you might get if you asked for a “pop” in San Francisco. Or sometimes I get that other puzzled look, the one that means, “I think I’ve heard of that … but I’m not sure what it is … and I’m not sure it’s a good idea for my facility.”
