| PBASC Select Vendor | |
 |
|
|
|
|
|
Joe DeSanzo 9 Cobblestone Lane Long Valley, NJ 07853 Email: jdesanzo@cssi-associate.com Web Site: www.costsegserve.com |
Tel: (908) 684-3244 Fax: (267) 350-9063 |
|
Cost Segregation Services, Inc. (CSSI) is a leading provider of engineering-based cost segregation studies in America. Cost segregation is an IRS approved method that enables commercial property owners to re-classify approximately 30% - 40% of their buildings from real property to personal property. Real property has a 39 year depreciation schedule; where as personal property can be depreciated in 5, 7 and 15 years, thus generating tremendous cash flow back into your bank. Essentially, Cost segregating your buildings can yield back to a Financial Institution $60,000 to $100,000 in cash-flow per every million of building value or leasehold improvements. Further, as a result of a federal tax court ruling against the IRS in 1999, commercial property owners can apply this methodology retro-actively on any building that has been bought, built, renovated, or leased anytime after January 1, 1987. The increased depreciation expense created by cost segregation can be recovered through a combination of immediate refunds taken directly from current quarterly payments; a 2 year tax reach-back on taxes paid, as well as tax loss-carry forwards. This process will not affect GAAP, but will provide significant cash-flow advantages putting the Banks hard earned capital back to work. There is no risk in analyzing if this IRS approved process will be beneficial to you. As a PBA member, we offer a no cost, no obligation analysis to show the financial impact of our services. |
|
 |
|