5 Questions
Which of the following is a benefit of cost segregation?
Allocates depreciable basis into shorter recovery time periods
What can a taxpayer do to deduct the 'catch-up' depreciation in the year of change?
File a Form 3115
According to the IRS, is the use of a cost segregation study a red flag for triggering an examination?
No
What is the purpose of a Form 3115?
To request automatic consent for a change in accounting method
What does cost segregation mean in terms of cash flow?
Increasing cash flow in the current tax year
Test your knowledge on cost segregation and its benefits to increase cash flow and reduce tax liability. Learn about the IRS-approved methodology and the correct recovery time periods for different building components. Discover how cost segregation can accelerate depreciation and maximize your annual tax savings.
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