If you're a commercial real estate owner or investor, consider discussing cost segregation—a method for accelerated depreciation that can improve cash flow. This strategy, based on federal tax laws, may offer financial advantages for your property. Rob Schell, from Innovate Real Estate, is keen to educate potential clients about these benefits and is inviting interested individuals for a conversation.
Cost segregation is a specialized service that complements what a CPA offers. While CPAs handle a broad range of financial tasks, cost segregation requires niche expertise, often outside of a CPA's typical purview. Many CPAs aren't equipped or inclined to delve into this intricate area. This is where companies like CSSI step in, providing specialized documentation and insights for 18 years, supplementing the work of CPAs to maximize real estate depreciation benefits.
Rob begins by collecting essential details from the business owner, like corporate identity nomenclature and tax filing entity. It's vital that this information is accurate for the later stages. Once gathered, the client reviews everything to verify its correctness. Rob then compiles this data into a clear, structured document tailored to meet tax requirements. After client approval, this document is shared with the CPA, ensuring alignment among all parties. The end goal is to enable the client to maximize benefits such as improved cash flows through the IRS. Rob remains engaged, ready to assist with future real estate ventures.
