2006-2021

15 Years of Service to the Industry

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Why Qualified Opportunity Funds Should Consider Cost Segregation

by: John Hoffman, CPA, CCSP – President of Bracket Partners, LLC Alex Bagne, JD, CPA, MBA, CCSP – President of ICS Tax, LLC Tim Earls, Esq. – T. Earls Law, LLC   Introduction  The passage of the Tax Cuts and Jobs Act (TCJA) in 2017 added to the Internal Revenue Code (IRC) an Opportunity Zones […]

The Interplay of Cost Segregation with the Historic Tax Credit

by: Greg K. Bryant, CCSP – Managing Partner of Bedford Cost Segregation, LLC Alex Bagne, JD, CPA, MBA, CCSP – President of ICS Tax, LLC John Hoffman, CPA, CCSP – President of Bracket Partners, LLC   The Federal Rehabilitation Tax Credit  The Federal Rehabilitation Tax Credit (“Historic Tax Credit”) for older buildings was established in […]

Introduction to this new publication series.

Welcome to the first edition of our new e-newsletter. The Society plans to publish a quarterly e-newsletter with the goal to provide updates on current issues affecting the cost segregation industry, as well as, to provide educational and technical training resources for commercial property investors and various professionals with an interest in the industry and […]

Why should I join the ASCSP?

The ASCSP was established as a non-profit corporation in response to the growing need for education, credentials, technical standards and a Code of Ethics within the cost segregation industry. Membership is open to all individuals that meet the standards currently set by ASCSP.

ASCSP is recognized by National Registry of CPE Sponsors as an approved CPE program sponsor

Professional testing & Certification

Member discounts

Networking opportunities

Minimum Quality Standards Manual

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What Is Cost Segregation?

Cost segregation is the process of identifying property components that are considered “personal property” or “land improvements” under the federal tax code.

The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter tax life (typically 5, 7 and 15 years) than the building (39 years for non-residential real property).

Personal property assets found in a cost segregation study generally include items that are affixed to the building but do not relate to the overall operation and maintenance of the building.

Land Improvements generally include items located outside a building that are affixed to the land and do not relate to the overall operation and maintenance of a building. Reducing tax lives results in accelerated depreciation deductions, a reduced tax liability, and increased cash flow.

Learn more by reading the IRS publication – Cost Segregation Audit Techniques Guide

This Audit Techniques Guide is presented in several chapters. These chapters can be accessed and then printed by following the links in the Table of Contents HERE.

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Cost segregation

Definition