2006-2021

15 Years of Service to the Industry

  • About
    • Board of Directors & Committee Chairs
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    • Code of Ethics
    • History
    • Honorary Members of the Society
    • Volunteers of the Year
  • Certification & Testing
    • Introduction
    • About the Exam
    • Advancement Testing Experience Report
    • Certification Matters…..
    • Ready to Test?
    • Pathway to Certification
      • Pathway to certification- calls recordings- 2019
  • Education & Technical Standards
    • Education Committee
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    • Webinars
      • Webinars
      • Technical Webinar Recordings & Topics
  • Membership
    • Introduction
    • Membership Benefits
    • How to Join
    • 2021 Membership renewal
      • Pay 2021 dues
  • Member Directory
  • Links & Resources
    • ASCSP Member Articles
      • Proposed 1031 Regs Should Not Materially Impact Cost Segregation Benefits
      • CARES Act Provides Tax Benefits for Real Estate Investors: Fix for Qualified Improvement Property and Changes to Net Operating Loss Rules
      • An Unfortunate Article, Clarifying Misconceptions in the Cost Segregation Industry
      • Dispositions: IRS Increases Scrutiny for a Valuable Tax Strategy
      • Why Qualified Opportunity Funds Should Consider Cost Segregation
      • The Interplay of Cost Segregation with the Historic Tax Credit
      • Introduction to this new publication series.
      • Cost Segregation Articles from Member’s Firms
      • Court Cases
        • La Petite Academy vs. United States
        • Eastwood Mall
    • ASCSP Quarterly Blog – sign up
    • ASCSP Cost Segregation Dictionary
    • Career Center
    • Minimum Quality Standards publication
    • Presenters Proposal Form
    • Partnering Organizations
    • Conferences past
      • Conference 2019- New Orleans
        • 2019 Conference Agenda
        • Conference Map
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        • 2019 Registration, CPE & Exam Info
        • Slido Information
        • CPE Credits FOR 2019
        • 2019 Conference – General Information
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          • ASCSP Golf Outing
          • SPONSORS
            • 2019 Conference – SPONSOR- Quire
      • 2018 Conference – Nashville
        • 2018 CONFERENCE – SPONSORS
        • 2018 Conference Agenda
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          • 2018 Presenter’s Bios
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          • 2018 Conference photos
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      • Conference Topics By Year – 2008-2018
      • Learning Summit 2020
        • Agenda- Cost Segregation Learning Summit
          • Presenters Bios – CSLS
          • 2020 Registration
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Mission Statement (original)

“The American Society of Cost Segregation Professionals (ASCSP) has been established as a non-profit corporation in response to the growing need for credentials, technical standards and a Code of Ethics within the cost segregation industry. Membership will be open to all firms and individuals that meet the standards currently under development by ASCSP.

Given the multitude of firms preparing cost segregation studies, there is an immediate need to set definitive standards with respect to proposals, methodologies, educational requirements, continuing education, work paper file organization and report formats. Also of equal importance is the business ethics and practices for cost segregation consultants. ASCSP recognizes the current industry issues regarding the lack of standards for the methodology and preparation of detailed cost segregation studies as well as absence of definitive educational/experience requirements.

ASCSP will establish, monitor and upgrade (as needed) these standards for the industry through the implementation of its certification and training programs for member firms and individuals. Additionally, ASCSP will openly solicit and accept input from the Internal Revenue Service in order to establish the standards by which cost segregation reports will meet the “Principal Elements of a Quality Cost Segregation Study and Report” as delineated in the Audit Techniques Guide for Cost Segregation Studies promulgated by the Internal Revenue Service. “

Cost segregation

Definition

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