How To Begin:
Even if you are presently depreciating certain property in an accelerated schedule – your advisors may still be leaving your money on the table. Only if you have secured a Cost Allocation Study which can be performed only by specialized experts (per the IRS) will all allowable property be depreciated on an accelerated basis.
The following identifies what CAPITAL REVIEW GROUP will provide within your study:
THE CAPITAL REVIEW GROUP STEPS TO A COST ALLOCATION STUDY:
FREE – NO RISK Initial review to determine if you would like to proceed.
- Feasibility/applicability: CRG will evaluate your (taxpayer – building owner) current tax status and future business plans to determine whether a Cost Allocation Study will benefit you.
- CRG will then evaluate the building’s construction costs by component or systems.
- CRG will then review the project’s/facility’s construction documents, including as built drawings, and project specifications.
- CRG will visit the facility/project to determine and identify how the components and systems are utilized – as well as to document the systems and components.
- CRG will provide a “Detailed Engineering” review of the assets including special purpose mechanical and electrical systems, decorative finishes, site improvements, and any process related to and special purpose construction.
- CRG then classifies or reclassifies each building component into the appropriate tax life as prescribed by IRS guidelines.
- CRG identifies and allocates indirect costs to each asset.
- CRG compiles a written report with the asset detail supporting the reclassifications and completes the necessary tax form(s).
CRG will include all necessary elements in your Cost Allocation Study.
Let CRG provide a preliminary review of your property
NO COST – NO OBLIGATION.
We can provide you with an estimate of IMMEDIATE CASHBENEFITS and Long Term Savings.
Call VIE Partners to initiate the free preliminary review of your property at 888-484-3332.
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