Friday, July 8, 2016

Everything You Need to Know Cost Segregation Study - 2

Service Overview

The Commercial Property benefit is a Federal program designed for business owners who own commercial properties, or have performed significant lease hold improvements. This program traces it’s roots as far back as the Tax Reform of 1986, but went through significant changes in 2004 making it more accessible for small and midsize property owners to take advantage of. The most recent changes appeared as late as February 2009 in the American Recovery and Reinvestment Act. This is an engineered based program that focuses on the components of the building. 90% of all commercial properties qualify for this program. Commercial Property Benefit provides an opportunity to significantly reduce federal taxes and improve case flow.

Targeted Industries

Hotels, Restaurants, Apartment/Nursing Complexes, Office/Retainer Complexes, Shopping Malls, Manufacturing Facilities, Funeral Homes, Dealerships, Golf Courses, Grocery Stores and Medical Facilities

Minimum Requirements

A Commercial Property that: • Was purchased or built within the last 20 years, with $500K or more in cost • OR, has renovations/improvements within the last 20 years of $250K or more in cost • AND, has paid federal taxes within the last 3 years, or plans to in current year

Larry Potter

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