Cost Segregation Services
If you or your business own commercial or residential real estate, you can benefit from a cost segregation study, regardless of what industry you operate in.
A cost segregation study is the IRS approved method of reclassifying components and improvements of real estate to accelerate depreciation. Instead of depreciating an asset on the traditional term of 27.5 or 39 years, this process identifies which portions of the real estate can be depreciation on a 5, 7, or 15 year term which in turn can greatly reduce taxable income and increase cash flow.
Our Cost Segregation team at Castellano, Korenberg & Co. will conduct a tailored study to evaluate your building and its assets, identify opportunities for favorable depreciation deductions and provide the appropriate documentation for taxing authorities. Rest assured our accounting professionals are here to address your concerns and guide you through the cost segregation process.