| EPACT 2005 - 179D Federal Tax Deductions Only 1% of those due 179D tax benefits for past projects have taken advantage of these deductions. This is due to the lack of awareness and the inability to conduct modeling validation on their own. That is where we come in!
($0.60 Per Square Foot) can be captured for each:
Qualification Requirements:
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THE M&E PROCESS
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Property Evaluation
- Gather information.
- Prepare initial Benefit Analysis.
- Determine fees.
- Complete and submit Property Evaluation.Review Proposal with Owner
- Conference call or meeting with the Owner,
advisors, and/or CPA to discuss findings.
- If the Owner agrees we move forward.Execute the Cost Segregation Study
- Gather additional property information.
- Schedule Site Visit.
- Physical inspection of property.
- Disect arch./eng. drawings if available.
- Reconcile all project costs.
- Itemize assets into classes.
- Allocate all indirect costs.
- Produce preliminary depreciation schedules.Audit Depreciation Schedules
- Internal audit review.
- Send copy to Client and/or CPA for review.Complete Cost Segregation Binder
- Project Cost Summary
- Component Unit Summary
- Component Unit Detail
- Payment Applications (If Applicable)
- Client Cost Information(If Applicable)
- Project Control Spreadsheet
- Estimate Take-Off Sheets
- Disk with Files & PhotosDeliver Final Study
COST SEGREGATION QUALIFICATIONS
Does the property have an adjusted cost basis of $750,000 or higher?
Does the owner operate as a For-Profit Entity and pay Federal income taxes?
Does the owner plan to hold the property for at least one more year?
| 179D Federal Tax Deductions |