Developer Cost Segregation Partnerships

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The general contractor’s bid can be much more appealing with a cost segregation study proposed, since the client’s cash flow will be stronger to fund current and future real estate projects. Teaming up with CSC is an important step that developers and general contractors make to distinguish themselves from their competitors. We take all necessary steps to ensure a quality report is issued if ever there ever is an audit.

Developer/General Contractor Partnership

CPAs and financial planners are frequently involved with cost segregation studies, but developers and general contractors can also be of great value when in comes to helping their clients.

In general, developers and general contractors don’t have the proper engineering and tax knowledge to provide the tax benefits for the property owner. This is essential to pass an IRS audit. This is where a mutual partnership with a cost segregation firm such as CSC come into play, helping the client save thousands of dollars up front, instead of waiting to collect it years down the road. 

Our studies enable building owners to increase their cash flow by accelerating depreciation on their newly constructed or renovated facilities. The contractor can help establish a competitive advantage during the negotiation process with the client by introducing cost segregation. 

The general contractor’s bid can be much more appealing with a cost segregation study proposed, since the client’s cash flow will be stronger to fund current and future real estate projects. Teaming up with CSC is an important step that developers and general contractors make to distinguish themselves from their competitors. We take all necessary steps to ensure a quality report is issued if ever there ever is an audit.

Property Owner Cost Segregation Partnerships

Why Work with CSC?

After a quote is offered from Cost Segregation Consultants  you always want to meet with your accountant since they will be completing and signing your tax return. We ensure quality work so that if there is an audit, we have prepared our study with all of the necessary steps as outlined by the IRS code.  As needed, the accountant, the property owner, and the cost segregation advisor will meet and discuss the options and any questions at hand.

The owner of the property has to put very little time, if any, into a study. They may have a conversation with their CPA or one of our professionals, or may have to collect some information for a proper quote to be given. This small amount of time can result in substantial tax savings.

Property Owner Partnerships

Not all accountants are created equal! Although CPAs generally propose an idea like cost segregation to the client, often, the property owner needs to take the idea to their accountant. If you are an active investor or a real estate professional, you are entitled to deduct additional depreciation.
 

After a free benefit analysis is offered from Cost Segregation Consultants you always want to meet with your accountant since they will be completing and signing your tax return. We ensure quality work so that if there is an audit, we have prepared our study with all of the necessary steps as outlined by the IRS code.  As needed, the accountant, the property owner, and the cost segregation advisor will meet and discuss the options and any questions at hand.

For older properties, many cost segregation firms charge a fee for a Form 3115. Cost Segregation Consultants provides this free as part of our study. You may need this with the tax return so you can realize savings on items not previously depreciated – without filing an amended return.

The best time to have a study completed is when you build or purchase a property, however, many studies are done on older buildings, and even those that have been sold already (the study must be completed in an open tax year). 

We complete studies of properties of various sizes. A cost basis of at least $200,000 will likely see some benefit after paying for the study to be completed. We even perform studies on single-family rental homes. If the cost basis is under $500,000, we consider it a RCE (Residential Cost Evaluator), and it can be less expensive and without a walk-through that is required by a normal study.

General partners who are not paying federal income taxes should perform a study, since K-1s will reflect lower taxable income to benefit their limited partners. The owner of the property has to put very little time, if any, into a study. They may have a conversation with their CPA or one of our professionals, or may have to collect some information for a proper quote to be given. This small amount of time can result in substantial tax savings.

CPA Firm Cost Segregation Partnerships

Discover why more CPA’s choose Cost Segreagtion Consultants for their cost segregation studies than any other firm in the nation.

Cost Segregation Consultants has the team, the tools, and the track record to perform the highest-quality cost segregation study money can buy.

CPAs

A CSC cost segregation study will provide a precisely segregated report, thus enabling CPA’s to achieve the maximum legal tax benefits for their clients. We provide the necessary numbers for you to easily plug into your software and get your client on their way with their return; not to mention all of the tax savings you just helped them rack up!

CPAs should take the necessary time to understand the individual tax situation of their clients, as well as keeping up on the latest tax laws that may affect them. CPAs that have clients with real estate should not overlook the impacts that taxes can have on their wallet. It should be a top priority to educate them on tools that can reduce their tax liability, yet still pass IRS audit. Understanding the advantages of cost segregation, and affiliating with a nationally-recognized cost segregation firm such as Cost Segregation Consultants, your client will greatly benefit, as well as the CPA firm itself.

While helping your client with one of our studies, we don’t replace the role of the CPA in tax planning and preparation. Cost Segregation Consultants is not a source of competition, but rather a complimentary resource, enabling you to provide new resources and strengthen relationships with your clients. While working together with Cost Segregation Consultants, CPAs provide an additional value-added service to their clients.

Ultimately, to obtain the maximum depreciation benefit allowable under tax law, the IRS requires that engineering-based studies be performed. Most CPA firms lack the tax expertise to properly segregate the client’s property, and the engineering knowledge to analyze construction drawings and conduct engineering cost estimates. We use RSMeans construction cost-estimating software, in addition to doing an in depth on-site walk-through of the property (required by IRS code), on every study we perform. Our in-house team has experts that collaborate in both engineering and tax, providing you with the best possible experience.

Cost Segregation Partnerships

Why do more CPAs choose Cost Segregation Consultants for their cost segregation studies than any other firm in the western U.S.? We have performed over 3,000 studies, and never have had to change our report findings due to IRS audit. Our reputation speaks for itself!
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Whether you are a CPA, financial planner, real estate broker, 1031 Exchange accommodator, general contractor, or a building owner, you should know the financial benefits of a cost segregation study. Cost Segregation Consultants has the team, the tools, and the track record to perform the highest-quality and most efficient cost segregation studies available. 

CPAs

A Cost Segregation Consultants cost segregation study will provide a precisely segregated report, thus enabling CPA’s to achieve the maximum legal tax benefits for their clients. We provide the necessary numbers for you to easily plug into your software and get your client on their way with their return; not to mention all of the tax savings you just helped them rack up!

Developers/General Contractors

CPAs and financial planners are frequently involved with cost segregation studies, but developers and general contractors can also be of great value when in comes to helping their clients.

Building Owners

Not all accountants are created equal! Although CPAs generally propose an idea like cost segregation to the client, often, the property owner needs to take the idea to their accountant. If you are an active investor or a real estate professional, you are entitled to deduct additional depreciation.
 

Real Estate Professionals

The smartest real estate brokers use cost segregation as a competitive advantage to differentiate themselves from their competitors. A strong ROI should always be welcome in the real estate industry.
 

The opportunities to increase cash flow from commercial real estate projects are endless. Cash flow is often one of the critical factors that investors consider in the decision to purchase property. By accelerating depreciation deductions through a cost segregation study, the property owner is able to significantly increase their cash flow. This is where the brokers come into play, suggesting the perfect opportunity to their clients about cost segregation. 

Introducing cost segregation during the beginning of the real estate purchase process helps the owner more than if they were to wait until later to recover the costs. If a study is completed during the first year of ownership, it provides owners with additional cash that they can use for future investments, resulting in repeat business for the broker. Working together, CSC, the broker, and the client can make a win-win situation.

1031 Exchanges

Cost segregation studies, as well as 1031 exchanges, are a useful tax tool available to commercial real estate owners. Through proper tax planning, both techniques can be used simultaneously to maximum the tax benefits.

Both tools are used to defer taxes and therefore improve cash flow. Cost segregation and 1031 exchanges are useful on every type of commercial property. Both techniques also encompass complex areas of tax law and necessitate the use of specialists, such as those employed by CSC.

1031 exchanges require a “Qualified Intermediary” to perform the transaction and ensure proper execution. This will also help in case there is an audit. Cost segregation studies require a knowledgeable engineering consulting firm, such as CSC, to perform and validate them. It is also required that those specialists work closely with the property owner’s accountant or another tax advisor.

These two methods should be used effectively and provide a great opportunity for the taxpayer to defer income taxes into future periods. This, in turn, maximizes cash flow in the present. In order to use cost segregation and 1031 exchanges together successfully, the property owner’s CPA must fully understand the tax laws of both tools and how they apply to the client’s individual investment strategy.

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