Cost Segregation Process with Redtail Accounting Services, LLC
The best time to start thinking about cost segregation is within the first year of purchase, but don't worry if you've been around for longer and would like to start now. A cost segregation study is allowed up to 20 years after you purchased the building. For you, that means that you can go back and claim earlier deductions that you've missed. I will be able to help you get the most out of my services.
My Four-Step Cost Segregation Process:
Inspection: I start with a professional inspection of the whole building and property, ensuring that you get the most out of my service. A building engineer or inspector will be able to judge what will be around longer and what should be claimed as an expense earlier on.
Valuation: After the inspection, I accurately estimate the value of the property, as well as its various components. My experience and attention to detail make sure that nothing is forgotten.
Classification: I then organize every aspect into the right tax classification so it will be easier to report.
Cost Segregation Result Schedule: Following this, I'll provide you with a report detailing how to adjust the timing of your tax deductions so that we maximize your savings.