Construction - , ,
A quality Cost Segregation Study evaluates all information including available records, inspections, and interviews, and presents the findings in a clear, well-documented format. Our process for conducting a detailed Study includes:A review of all cost detail for the property including but not limited to: the general contractor's application for payment, construction invoices, change orders, depreciation schedules, and appraisals.An inspection of the facility to fully understand its use and condition, as well as to gather information that further supports the classification of capitalized costs into their appropriate class lives.Photographs are taken of qualifying construction components and included in our report.A review of all blueprints (if available) and the performance of quantity take-offs and cost estimates for personal property not segregated in other cost information.A reconciliation of all construction costs and estimates of the actual amounts incurred by tax life. This step includes adjusting estimates to account for location, time, and physical condition. We also perform an allocation of soft costs to any direct cost in each category to maximize your total benefits.Preparation of a report: Our report complies with the IRS standards stipulated in the Audit Techniques Guide for Cost Segregation Studies.