Cost segregation is a technique whereby real estate investors can reap tremendous tax benefits by computing a "catch-up" deduction using the "component method" coupled with accelerated depreciation. This one time catch-up deduction can include years all the way back to 1987.
You don't even need to amend prior returns!
Recently, one of our clients was faced with reporting a multi-million dollar gain on the sale of real estate.
We performed a cost segregation analysis and generated enough additional depreciation deductions to offset 100% of the gain.
If you own real estate that exceeds $500,000 in value and want to reduce your taxes, please call us.