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The Practice of Cost Segregation Analysis. Maximizing Tax Bennefits for Building Acquisitions and Construction. RSMeans - Product Image

The Practice of Cost Segregation Analysis. Maximizing Tax Bennefits for Building Acquisitions and Construction. RSMeans

  • Published: January 2006
  • 240 Pages
  • John Wiley and Sons Ltd

This expert guide walks you through the practice of cost segregation analysis, which enables property owners to defer taxes and benefit from “accelerated cost recovery” through depreciation deductions on assets that are properly identified and classified. A relatively new practice that evolved from various court decisions and Internal Revenue Service rulings, cost segregation can be applied to new buildings under construction, renovations of existing buildings, leasehold improvements, and purchased real estate –  going back as far as 1987.

Cost segregation practice requires knowledge of both tax law and the construction process. In this book, the authors share their expertise in these areas with tax and accounting professionals, cost segregation consultants, facility owners, architects and general contractors –  providing guidance on major aspects of a professional, defensible cost segregation study, including:
- The legal framework for cost segregation, as defined by the IRS, tax courts, and federal agencies
- Review of key IRS cases, court rulings, and revenue procedures
- Classification and depreciation methods
- Understanding READ MORE >

About the Authors & Reviewers .

Foreword.

Part I: Tax Regulations & Precedent-Setting Rulings.

Chapter 1: Introduction to Cost Segregation.

Chapter 2: Income Taxes & Depreciation Deductions.

Chapter 3: The Legal Framework for Cost Segregation.

Chapter 4: Tax Cases, IRS Revenue Rulings, & Revenue Procedures.

Chapter 5: Classification of Property.

Part II: The Engineering/Estimation Portion of Cost Segregation.

Chapter 6: Asset Allocation Methodologies.

Chapter 7: Plans & Specifications.

Chapter 8: Estimating Standards & Practices.

Chapter 9: Area & Volume Calculations for Takeoff.

Chapter 10: Understanding Material & Labor Cost Factors.

Chapter 11: Sources of Pricing Information.

Chapter 12: Cost Segregation in Design & Construction.

Part III Appendix, Glossary, & Resources.

Appendix A: Cost Segregation Audit Techniques Guide Excerpts.

Appendix B: Cost Segregation Issues in the Restaurant Industry.

Appendix C: Calculating the Surface Area of Cylinders, Pyramids, & Cones.

Appendix D: Using RSMeans Cost Data.

Glossary.

Resources.

Index.

Bruce A. Desrosiers, CPA, MST
Wayne J. DelPico

Format Properties
Hard Copy (Hard Back) The book will be shipped to you. The cover has a hard back.
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