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 Glossary:  ABCDEFGHIJKLMNOPQRSTUVWXYZ
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Want a million dollars? If you own commercial property, this fantasy might be more applicable than you think because you could be eligible for a million dollars worth of depreciation deductions. There's only one problem. You may have to wait 39 years to generate all of the deductions. But by using a process called "cost segregation," you can write off more of your million dollars now, rather than waiting for decades. Here are the details.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.