What is Cost Segregation Study in Real Estate and How Does It Help Businesses Reduce IRS Bill?

Cost segregation is a specialty tax incentive, but it manages to be universal. It’s directly related to real estate, which applies to many organizations. 💥 Many organizations invest in real estate. 💥 This tax incentive is a good way to take profits from an operating entity and diversify them into an asset-based portfolio. 💥This incentive can help companies increase cash flow through their real estate purchases. Here’s how it works: Cost segregation takes a real estate asset and breaks it down into separate parts. Those parts are depreciated at a faster rate. More deductions = more 💰savings. Companies can then invest those 💰savings into other things with higher yield rates. Who is this right for? You may qualify if… ✅ You’re going to buy a property and own it for income purposes. ✅ You have an existing building that you’re adding on to or renovating. Want to learn more about how you can leverage cost segregation? Talk to your tax pro today! While there’s no one-size-fits-all rule for which tools to use, these few options are a great place to start gaining more insights about your organization, and identifying where changes need to be made. —— ► Check out all of our Business is People podcast episodes at: https://inthinkagency.com/business-is... ► Connect with Kham on LinkedIn: https://www.linkedin.com/in/khaminthi... ► Special thanks to our guest expert Ryan Foley, from Cunningham & Associates: https://www.jec-llc.com/ ———— For more resources: https://inthinkagency.com/ #BusinessValuation #R&D #CorporateTaxPlanning