OPTX Consulting along with CSSI® – Cost Segregation Services, LLC has saved taxpayers millions through accelerated depreciation and repair regulations studies. Stay compliant and save money.
A cost segregation study is a set of calculations created by an independent firm with extensive tax and construction knowledge. At CSSI®, we create an engineering-based cost segregation study by analyzing your building and its assets within U.S. tax code guidelines. When an engineering-based study is performed, actual cost records and construction documents are reviewed, when available, and a site visit is completed.
A quality cost segregation study should include the 13 points outlined within U.S. tax code. Our methodical approach identifies individual components of your commercial property, which are included in your detailed cost segregation study.
What you do with that money is up to you. Many of our clients use their tax savings to reinvest in their business, purchase additional property, or pay off their principal building payment.
With less taxable income, you decrease the amount of income taxes you pay. Our cost segregation studies enable you to keep more of the money you make.
At CSSI®, our goal is to simplify the process for you so that your involvement in our study process is minimal. We will either coordinate with you and your CPA to secure all necessary documentation to complete the study. We also provide you with cost documents, the 3115, and 481(a) adjustments. By partnering with CSSI®, you will be working with a firm that operates within all approved U.S. tax codes and guidelines.
The Tangible Property Regulations (TPRs) provide guidelines for building owners to determine whether to expense or capitalize costs spent on property from 2014 forward.
If a building owner and their tax professional have not discussed the TPRs, the opportunities will be overlooked by both parties. Since 2013, CSSI has become a trusted resource for both clients and their tax professionals in this underutilized yet mandatory law.
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