Intro to Cost Segregation by Julio Gonzalez, National Tax Reform Expert

5Dec - by Editor - 0 - In STL.News



 

WEST PALM BEACH, FLA./ DECEMBER 05, 2018 (STL.News)

Background of Cost Segregation

Cost Segregation revolves around the ability of a taxpayer to optimize their depreciation deductions. The Internal Revenue Code (IRC) allows taxpayers to claim depreciation deductions that reflect the natural wear and tear of property used for business purposes. Further, the IRC requires that taxpayers utilize a specified depreciation schedule for each asset class placed in service.

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