The amazing tax benefits of Cost Segregation

The amazing tax benefits of Cost Segregation

info@irsmedic.com http://ift.tt/24xCz51 In this video, Anthony and Claudine discuss the benefits of a great tax savings tool called Cost Segregation. So many people do shady (dare we say, sometimes even illegal) things to lower their tax liabilities, when there are legitimate ways to do so hiding in plain sight. Cost Segregation can be found right on the irs.gov website. Using Cost Segregation, or having a Cost Segregation Study done will NOT raise any red flags with the IRS! But...it can be confusing to do correctly. Maybe that's why only about 5% of people that are eligible use it, and use it correctly. Cost Segregation is an IRS method of "re-classifying" components and improvements of commercial and residential real estate. In this video, we talk about exactly that that means, and how it could potentially save you hundreds of thousands of dollars. It's a way to take advantage of certain depreciation values immediately, instead of waiting 39.5 years to do so. We go over the details of the program, talk about why it's important to use engineers to help you, how it can be used on prior years, and how US persons can even use this tax savings on property they own overseas. So how do you know if this tax benefit is right for you? Make sure you have a Cost Segregation Study done by a reputable Cost Seg company. If you have any questions or need additional information about using Cost Segregation, or any tax planning, contact us. IRSMedic, The Law Offices of Parent & Parent, LLP 888-727-8796 info@irsmedic.com http://youtu.be/OZOpwtrFiUE IRS Medic