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The best part about doing cost seg is filling out the Form 3115! Not really. But let’s talk about it anyway.  The Form 3115 – Application for Change in Accounting Method is used for many reasons.  Remember, for cost seg, much of the form is irrelevant.  We help you with it when you run an

Check out this psychology experiment that was designed to measure the cost of your distractions: When you sit at your computer trying to write or work, there is a real danger that you will get interrupted by an email, instant message, text message, or phone call. Even if you do your best to skip past the

Alliteration not intened – just a bonus!  Are your clients buying commercial real estate?  Pay attention. In July of 2013, the the Eleventh Circuit affirmed the Tax Court’s decision to disallow a taxpayer’s attempt to change purchase price allocations for a cost seg study.  The decision further clarified several critical issues you need to be

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Accounting firms looking to grow their practice and offer valuable tax deferral strategies can do so with Titan Echo Cost Segregation Solution. These tax deferral strategies historically have been beyond the reach of the vast majority of taxpayers, but Titan Echo enables CPAs to bring the benefits of cost segregation to all their clients. The

Titan Echo announced the launch of their new Tangible Property Regulations (TPR) tool, Titan Echo TPR Solution (for UoP and Partial Disposition). Denver, CO, United States – March 5, 2015  Titan Echo has released its new software solution to help CPAs and their clients benefit from the IRS Final Tangible Property Regulations. The IRS has

News for CPAs: New Tax Regulations allow you to retire individual building components. Must be Done This Tax Season CPAs and Building Owners Take Full Advantage of this New IRS Tax Regulation and Save Thousands of Dollars. Many accountants and tax professionals are not yet aware of the new partial disposition tax regulations that were enacted in

Cost Segregation – A Useful Tool for CPAs A common depreciation scheme for a real estate purchase is to incorporate the entire cost of the building into a 39-year straight-line depreciation schedule. The cost segregation approach to depreciation provides a money-saving alternative that can lower tax bills and increase cash flow. Under cost segregation, the

Partial Disposition Prevents Simultaneous Depreciation Partial disposition refers to the disposition of part of a larger asset separately from the remainder of the asset, typically when a portion of the asset is replaced before the entire asset is depreciated. The IRS adopted partial disposition rules for Modified Accelerated Cost Recovery System (MACRS) assets with the

Cost Segregation Basics Cost segregation is an alternate method of depreciation in which pieces of a property are classified into separate categories for tax purposes. Instead of applying a typical 39-year depreciation cycle on the entire property and its contents, Cost Segregation allows some asset classes to be depreciated faster, resulting in near-term tax savings.