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IRS compliant. No experience required.
Titan Echo is
do-it-yourself cost segregation.
Echo’s mobile app simplifies on-site verification (“OSV”). According to the IRS, someone has to do the field work. If you don’t have construction drawings, this step is especially important. The information collected from the field acts as the “supporting documents.”
In the field, Echo’s user-friendly Mobile App systematically captures all the photos and quantities needed for “supporting documents.” Echo syncs all data to Echo’s secure server, with a simple click of a button.
Not comfortable doing this step? No problem. We can do it for you.
Supporting documents and/or field data from OSV, will need to be reviewed and extracted for any pertinent information. Construction experience is used to determine what would be the cost to develop that property today- a concept called “Reconstruction Cost New” or “RCN.”
RCN details need to be prorated – so the sum matches what was paid for the property. This is the key to making your project defensible!
Once RCN is determined, court cases, regulations and audit procedures are leveraged against the facts and circumstances of your property. This helps determine which items can be reclassified to shorter depreciation lives.
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