Welcome to Franklin Tax Group
If you own real estate as part of your business or for investment purposes, then it is very likely that you are paying more income taxes than you need to. Depending on how your real estate property is being depreciated for tax purposes, it is possible that your cash flow is much less than it could be. One of best tax strategies you have available is the use of a cost segregation study. Your property doesn't have to be new, a cost segregation study can be prepared for property built or acquired anytime after 1986. Read more...
Cost segregation is the process of allocating certain types of property to shorter life classes for tax purposes, which in turn allows accelerated depreciation on a larger percentage of the real estate property. This accelerated depreciation reduces current tax liabilities, while increasing cash flow for further growth or investment. At times, as much as 50% or more of the project costs can be re-allocated to shorter life classes. This re-allocaton can result in tens of thousands of dollars in tax savings in the first year the study is done. Depending on when a cost segregation study is completed, reduced tax liabilities can continue for many years.
Franklin Tax Group specializes in cost segregation studies. Our consultants are CPAs who, in conjunction with engineering support, develop the cost segregation study. (The IRS recommends using a third party for all cost segregation studies) We have experience with all types of properties, (see the links to the right hand side of this page). And, we work with your CPA to make sure you are getting the maximum allowable depreciation benefits.
Most CPA firms do not specialize in cost segregation analysis. The amount of time and resources (training, software, engineering support, study of relevant cost segregation tax law) often outweigh the amount of clients the CPA firm will have on an annual basis that can benefit from cost segregation analysis. That's why Franklin Tax Group works with your CPA firm to ensure your cost segregation analysis is correctly incorporated into your tax return and that you receive the maximum amount of depreciation deductions available. For a free tax benefit analysis that will determine whether or not you would benefit from our services, click here.
