Reduce Your 2017 Federal Tax Liability - ELB Consulting

Reduce Your 2017 Federal Tax Liability

Jan 31, 2018
 

Reduce Your 2017 Federal Tax Liability

Jan 31, 2018
Reduce Your 2017 Federal Tax Liability

We can help you lighten your burden and improve cash flow; so you can further invest into your people, company or property portfolio

If you plan to extend, and own commercial real estate (CRE) with improvements valued at $300,000 or more, there is real opportunity to reduce your 2017 tax bill. There is still plenty of time for our firm to identify substantial federal tax deductions associated with your property to apply to your 2017 federal taxes.

And if you acquired property after September 27, 2017, the Tax Cuts and Jobs Act offers a 100% Bonus Depreciation on accelerated property. This offers an added boost to your federal benefit. This is new, as the IRS Guidelines previously only offered bonus depreciation on new construction and improvements, now acquisitions (‘used property’ as the tax bill calls them) qualify for bonus depreciation on ‘short life’ items as well.

ELB’s proprietary “fully engineered and accounted” cost segregation methodology will identify every single component in your building, whether it that qualifies for a shorter tax life or not. As such, we not only identify your deductions, our study breaks down all 39 or 27.5 year property, thus serving as a detailed asset management report; providing for compliance with the 2014 I.R.S. Tangible Property Regulations.

Through a cost segregation study, owners benefit from the time value of money 

Not sure your building qualifies? Essentially all types of CRE can qualify; office buildings, medical facilities/offices, hospitals, multi-family apartments, shopping centers, restaurants, auto dealerships, car washes, golf courses, industrial/flex space, self-storage, residential single family rentals, assisted care facilities, etc.

Contact me today to discuss how these benefits apply to your specific property, and we will conduct a ‘no-cost’ Feasibility Assessment to identify the tax benefits and cash value associated with your own property or investment portfolio.

And remember, it is not to late to benefit your 2017 tax liability.

You may be missing out on tax benefits.

Own commercial property?

We can help you find smarter ways to depreciate your property and reduce your taxes. Tell us about yourself and we’ll see how much you could be saving.



    Tax Strategy Checklist

    17 Tax Strategies For Business Owners

    TAX STRATEGY CHECKLIST

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    Are you a CPA?

    PARTNER WITH US

    Learn how working with our cost segregation experts can help you get more clients and retain your current ones.

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    Are you a CPA?

    PARTNER WITH US

    Learn how working with our cost segregation experts can help you get more clients and retain your current ones.

    Learn more