Our partner KBKG will provide an engineered based "Cost Segregation" tax credit study to secure Income Tax Savings by identifying and reclassifying personal property assets to shorten the depreciation time and reduce current tax liabilities on commercial buildings. Their service area includes Cincinnati Metro and the Tri-state surroundings in Ohio, Kentucky and Indiana.
Cost Segregation may result in tens of thousands, even hundreds of thousands, in increased cash flow and tax reductions resulting in the following benefits:
- An immediate increase in cash flow
- A reduction in current tax liability
- The deferral of taxes
A Cost Segregation Study provides the ability to claim “missed” depreciation deductions from prior years without having to amend prior year tax returns. There are many advantages of having a cost segregation study done for the purposes of accelerating depreciation.
Businesses may reduce their tax liability and their taxable income, which in turn will allow them to have access to increased cash flow. When a cost segregation study is performed, most of the benefit of accelerated tax depreciation will come both in the first year and the first few years after that. This is the greatest benefit of accelerated depreciation resulting from a Cost Segregation Study.
KBKG has performed thousands of Cost Segregation Studies saving clients hundreds of million's of dollars. KBKG will provide an Audit Guarantee to all their clients. If at anytime their work, methodologies or calculations are challenged or scrutinized by the IRS, KBKG will provide free audit support time at no additional charge for issues directly related to their report. They follow strict IRS Guidelines, revenue rulings and case law. They also utilize the 2004 IRS Technique and Guidelines that can be found online HERE