Being an active real estate investor and after studying tax strategies for real estate, I found that performing a cost segregation study on a single family rental was an extremely powerful tool for tax savings. I was facing a large gain due to the sale of another property in my portfolio. After speaking with my CPA, we decided that a cost seg on an existing home offset that gain almost perfectly. I ended up deferring close to $12,000 in taxes.
Titan Echo makes the cost segregation process fit the various needs of clients and levels of service – making it cost effective for any size project. Titan Echo exceeded our expectations!
Our first study using Echo was on a building that was purchased in 2012 for $350,000. The additional depreciation deduction in 2014 was $31,000 and we were able to do a late partial asset disposition for an additional deduction of $23,000. We now have detail on all of the components of the building to comply with the Tangible Property Regulations.
Echo is a cost effective and streamlined approach to doing a Cost Segregation study and saving our client’s tax dollars.
We used to think cost segregation studies were too expensive and too time consuming to be beneficial to the client, but Titan Echo was user friendly and made it a breeze.
Our firm had traditionally not utilized cost segregation for our clients. After using Echo as a cost segregation solution, we can actively see the immediate tax benefits for our clients.
Echo cost segregation studies are a very practical and efficient way to provide our clients with the results they are looking for to help reduce their tax bills.
Titan Echo’s pricing is favorable to other cost segregation service firms that we have been exposed to, and tax preparers need to be aware of the benefits cost segregation studies provide to their clients.
Before we came across Titan Echo, cost segregation studies were just difficult to do.
Titan Echo is easy to work with, their team members have great attitudes, and you get a simple, easy to follow final report.
I love working with them!