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Cost Segregation – Maximizing Tax Savings Gil Mitchell – Director   WTAS LLC 100 First Street, Suite 1600, San Francisco, CA 94105 gil.mitchell@wtas.com  (Tel) 415.764.2750, (Fax) 415.764.2770 www.wtas.com
West Region Leader ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Jack Young, GPPA, CPA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],What Is Cost Segregation?
How Does Cost Segregation Work? ,[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Depreciation Lives Under Current Tax Law (MACRS)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What Kinds of Projects Benefit?
Can A Study Be Performed Retroactively? ,[object Object],Depreciation is considered a method of accounting.  A study that “looks back” to prior tax years and results in a depreciation adjustment is an IRC 481(a) adjustment and is deducted over one year.  Prior returns are not amended.  We can go back to 1987.
Cost Segregation Services Typical Reclassification Percentage by Industry Target industries : ANY INCOME PRODUCING PROPERTY: facilities such as manufacturing, industrial, research labs, financial institutions, office buildings, hotels, retail stores and shopping centers
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits to Client
Manufacturing Facility -  Tenant Improvement Analysis ,[object Object],[object Object],[object Object],[object Object]
Office Building  - Retroactive study ,[object Object],[object Object],[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object]
Next Step: No Obligation Proposal ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Brainstorming: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Questions? ? ? ?

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Cost Segregation Presentation

  • 1. Cost Segregation – Maximizing Tax Savings Gil Mitchell – Director WTAS LLC 100 First Street, Suite 1600, San Francisco, CA 94105 gil.mitchell@wtas.com (Tel) 415.764.2750, (Fax) 415.764.2770 www.wtas.com
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  • 9. Cost Segregation Services Typical Reclassification Percentage by Industry Target industries : ANY INCOME PRODUCING PROPERTY: facilities such as manufacturing, industrial, research labs, financial institutions, office buildings, hotels, retail stores and shopping centers
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Editor's Notes

  1. Projects over 1 million Post 1986 construction
  2. Why do clients want this done? Increased cash flow. It allows you, your clients to recapture your depreciation deductions sooner which can, in turn, be used elsewhere. Property Taxes: Overtime expenses, Fasttrack Environmental remediation – cleanups, Demoltion
  3. It has been a real pleasure to be here today to talk with you about the important opportunities that this major new federal deduction has created. I want to thank you for giving me your time and attention and, before we close up, I wanted to open the floor up one last time for questions. Also, please know, if you think of questions after I/we leave here today, you are more than welcome to follow up with us via email or with a telephone call.