Many commercial real estate owners and residential rental real estate owners can benefit tremendously from a project called a Cost Segregation Study. This is the process during which a CPA works alongside an Engineer to identify individual components of your building in order to maximize your depreciation deductions.
Michels & Hanley performed 12 Cost Segregation Studies during this past year. Those studies saved our clients a total of $620,271. That’s an average tax savings of $47,713 per client. At an average fee of only $4,275, our clients enjoyed a 1,116% ROI.
Our most successful study last year was on a building owned by a medical doctor. During this particular study, we were able to create tax savings of $151,962 for our client.
If you own a commercial building (even if it's owner-occupied), a multi-family residence, or a single family rental property, contact us now. We can perform a preliminary Cost Segregation Study Estimate to give you an idea of your approximate tax savings and approximate fee.