Frequently Asked Questions
How long does it take to complete a cost segregation study?
From the time we receive all of the appropriate documentation, a cost segregation study normally takes about 45 days.
What material is needed to complete a cost segregation study?
Ideally, we would like a full set of construction plans, final AIA application and certification for payment document or other cost information, current tax depreciation records, building cost budget information, change orders, direct or indirect costs paid by the owner not included in other documents, and other information depending upon the project.
What if I don’t have the necessary materials? Can a cost segregation study still be performed?
Yes, our engineering specialists can do an extensive site visit. They will measure and estimate costs using accepted techniques and pricing guides to identify all property costs and to determine which components qualify for shorter recovery life periods.
Can I use my own engineers and accountants?
From our experience, it is most beneficial and cost efficient for us to use specialists who are familiar with and specialize in cost segregation work. They understand the components that qualify and know how to document and substantiate their work. Consequently, their work also better withstands IRS scrutiny, and they are able to assist with any IRS challenges.
How much is a feasibility study?
A feasibility study (an estimated benefit calculation) is free.
Talk with a member of our team to learn more about how CSG can take the worry out of complicated tax laws and save you money.