It’s Not Too Late to Reduce Your 2018 Federal Tax Liability - ELB Consulting

We can help lighten your 2018 federal tax burden and improve cash flow; allowing you to further invest into your people, company or portfolio

If you own commercial real estate (CRE) with improvements valued at $500,000 or more, there is real opportunity to reduce your 2018 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 2018 federal taxes.

And if you acquired property after September 27, 2017, the Tax Cuts and Jobs Act offers a 100% Bonus Depreciation on the accelerated property of 20 years or less. This offers an added boost to your federal tax benefit. This is new, as the IRS Guidelines previously only offered bonus depreciation on new construction and improvements, now acquisitions (or ‘used property’ as the tax bill calls them) qualify for the 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 accelerated deductions, our study breaks down all straight-line property too; serving as a detailed asset management report. This asset detail provides complete 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 too late to benefit your 2018 tax liability.

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