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SOLUTIONS FOR TAX PROFESSIONALS AND BUSINESSES
TAX CREDITS • INCENTIVES • COST RECOVERY
CS 101: Overview of Cost Segregation
PRESENTED BY:
Scott Zarret
Director
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Established in 1999, KBKG is a specialty tax and consulting firm providing nationwide service
• Cost Segregation
• Green Building Deductions
• Enterprise Zone Tax Credits
• Research & Development Tax Credits
Our engineers and tax experts have performed thousands of tax projects resulting in hundreds of millions of dollars in benefits for our clients.
Our goal is to bring value to our clients by providing quality service, building long-term relationships, and ensuring a high standard of professional ethics.
KBKG offers Partnering Opportunities focused on the needs of CPAs and real estate professionals. These opportunities allow our partners to stay focused on what they do best, while allowing them to earn revenue, offer additional services, generate goodwill and expand their business though specialty services.
About KBKG, Inc.
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
An alumnus of the University of Maryland in College Park, Maryland
Began my career in the audit & tax department of Reznick, Fedder & Silverman, CPAs, in Bethesda, Maryland.
Over 10 years of CPA, marketing and business development experience within the professional services arena.
Director of KBKG
Frequent contributor to various publications including the Denver Business Journal, Colorado Real Estate Journal and the Colorado Society of CPAs Newsletter, Accounting Today, Dealer Tax Watch and dozens of other publications.
President of CPAacademy.org
Scott Zarret, Director
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
CPAs and real estate professionals who are new to Cost Segregation as well as experienced professionals who want a refresher course.
Our goal:
Provide an overview of cost segregation
Share information that will make you more valuable to both yourselves and your real state clients
Who is this class designed for?
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
"Cost Segregation Applied” – August 2004
"When it comes to real estate acquisitions, the jewel of cost segregation is that it yields enhanced depreciation deductions. There can be astounding differences in outcomes between using and not using it."
"CPAs should routinely recommend that their clients or employers use cost segregation whenever the expenditures for a structure, including leasehold improvements, equal or exceed $750,000."
“Selecting a firm that uses qualified professionals with years of significant, relevant experience can be an important differentiator in the quality of a cost segregation study.”
Best of Both Worlds” – August 2005
"Combining Cost Segregation and Section 1031 exchanges allows taxpayers to defer the maximum amount of income taxes.“
Quotes AICPA Journal of Accountancy
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Cost Segregation Defined
Case Study
Tax Planning Opportunities
History & Legal Framework / Personal Property Samples
How the IRS Views Cost Segregation
Sample Report
Proposal Process
Wrap Up
Presentation Outline
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
COST SEGREGATION DEFINED
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Investors who own commercial and residential rental properties are allowed cost recovery (otherwise known as “depreciation”.)
Depreciation allows a taxpayer to recover the cost of an asset over the period of time (“useful life”) the asset is expected to be able to produce income.
Cost Recovery Defined
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© KBKG inc 2012
The Internal Revenue Code (IRC) defines depreciation as a deduction for a reasonable allowance for the exhaustion, wear and tear (including an allowance for obsolescence) of property used in a trade or business, or for the production of income.
Before depreciating an asset, you need to know certain information about it, including:
Date placed in service
Cost or other basis *
Property class *
Recovery period *
Cost Recovery Defined (cont)
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
A formal engineering process, accepted by the IRS
Identifies building costs and land improvements - traditionally depreciated over 27.5 or 39 years
Re-allocates a significant portion of these “building” costs to asset classes with shorter depreciable lives (accelerated depreciation)
Cost segregation will allow you to properly identify an
asset’s cost basis, property class and recovery period.
What is Cost Segregation?
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Qualifying construction costs from the property should be depreciated over 5, 7, and 15-year lives.
This results in:
Accelerated depreciation deductions
A reduced tax liability
An increase in cash flow
What is Cost Segregation? (cont)
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Cost Segregation accelerates depreciation, it does not increase depreciation.
Total capitalized costs of a building will fully depreciate with or without a cost segregation study.
Time Value of Money
“A dollar today is worth more than a dollar tomorrow”. So therefore an accelerated tax deduction today is worth more than a tax deduction tomorrow.
The longer you hold onto the property, the greater the tax advantage.
Benefit: Accelerated Depreciation Deductions
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© KBKG inc 2012
Cost Segregation provides your tax
deductions earlier in the life of the building by
“front-loading” the depreciation expense.
This increase in depreciation expense is used
to offset otherwise taxable income which
therefore defers taxes and increases cash
flow.
Benefit: Accelerated Depreciation Deductions
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Immediately after construction or acquisition
Take full advantage of the deductions right away
During Construction (properties larger than $20m)
Buildings already in service
Even when no costing information is available
Following major capital improvements
Leasehold improvements, remodeled property, build outs
After a change in ownership
Estate “step-ups”
When Should a Study be Performed?
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Depend on:
Type of building and improvements
Placed in service date
How much personal property has already been identified
Holding period
Owner’s tax rate
1031 exchange, step-up
Discount rate
Tax Benefits
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Building Type
Apartment Buildings
Retail Stores
Restaurants
Office Buildings
Manufacturing Facilities
R&D
Wineries
Grocery Stores
Hotels
Warehousing
Average
Re-Allocation
20-35%
20-40%
20-45%
10-25%
20-60%
30-60%
20-45%
25-45%
25-45%
10-25%
Other Projects Include: Shopping Malls
Airports
Sports Facilities
Golf Courses & Ranges
Auto Dealerships
Resorts
Healthcare Facilities
Medical Centers
Industrial Buildings
Distribution Centers
Auto Service Centers
And more
What types of properties qualify?
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© KBKG inc 2012
Every $100,000 of 39-year property reclassified to 5-year or 7-year property generates approximately $18,000 to $22,000 in tax savings.
• Assuming the taxpayer’s tax rate is 41% and their Return on Investment (ROI) factor is 8%
• B = ((1-F)*S)+F
• B = blended rate
• S = state tax rate
• F = federal tax rate
Tax Savings
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© KBKG inc 2012
Real Property: (27.5 or 39-year S/L)
Land improvements: (15 years / 150% DB)
Ex. sidewalks, fences and docks.
Personal property: (5 or 7 years / 200% DDB)
Ex. furniture, carpeting, appliances, certain fixtures and window treatments.
Land (non-depreciable)
Whatever amount of the purchase price is not accounted for in the three other categories is allocated to land.
o Whenever a land valuation is available, the IRS recommends taxpayers to either use the land valuation from an appraisal or to use the % allocated to land within an appraisal when determining the land's basis.
Real vs. Personal Property
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© KBKG inc 2012
Under MACRS, a variety of depreciation methods are allowed depending on the life and type of asset.
Straight-line: 27.5 and 39 year property
150%DB: 15 year property
200%DDB: 3, 5 and 7 year property
Must use proper convention for the applicable life and property type.
Depreciation
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To calculate depreciation, taxpayers must use the correct method and proper
recovery period for each asset.
Property (acquired or constructed) generally consists of numerous asset types
with different recovery periods.
Depreciation Table of Class Lives and Recovery Period (R.P. 87-56)
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© KBKG inc 2012
Depreciation Conventions
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CASE STUDY
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MACRS Tax Rate Comparison
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© KBKG inc 2012
Before After
39-year
or
27.5-year
Soft Costs
5-year
39-year
or
27.5-year
7-year
15-year Cost Seg
Str
aig
ht L
ine
Str
aig
ht L
ine
Acce
lera
ted
$100k of
39-yr to 5-yr =
$22,000 tax
savings
Accelerated Dep.
Reduced Tax Liability
Increased Cash Flow
Asset Reallocation
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
$5M Office Building
Example 1 Current Year Acquisition
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© KBKG inc 2012
$5M Office Building
Example 2 Prior Year (PY) Acquisition – 5 year (lookback)
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TAX PLANNING OPPORTUNITIES
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Bonus Depreciation / Emergency Economic
Stabilization Act / Section 179
Catch-up Depreciation (form 3115)
Recapture
Leasehold Improvements
1031 Exchanges
Property Tax Issues
Tax Planning & Other Benefits
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
American Taxpayer Relief Act was passed on January 2, 2013
Section 179's increased expensing amounts have been extended through 2013. 50% Bonus Depreciation provisions have been extended through the end of 2013 as well (2014 for certain property).
2-year extension allows for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property to have a 15-year depreciation recovery period through the end of 2013.
Tax Relief Act (H.R. 4853) was passed on December 16, 2010
The American Recovery and Reinvestment Act was passed on February 17, 2009.
The Economic Stimulus Act was passed on February 13, 2008.
Brought back 50% bonus depreciation, for a limited time.
100% Bonus Depreciation & Extension of 50% Bonus: Temporary 100% bonus depreciation deduction for qualifying property placed in service between 9/9/10 and 12/31/11. 50% Bonus Depreciation provisions have also been extended through the end of 2013.
Economic Stimulus
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
Cost segregation studies reclassify a substantial portion of a building
project from 39 years (or 27 1/2 years in the case of residential income
properties), into five-, seven- and fifteen-year property. In addition to the normal accelerated deductions this creates, the assets
also become eligible for bonus depreciation.
o Therefore, taxpayers constructing or remodeling buildings have even
more incentive to have an engineering-based cost segregation study
performed.
CS will help the taxpayer take full advantage of the bonus depreciation
rules by identifying every constructed asset that qualifies for the shorter
depreciation periods
The 50% bonus deduction means that 50% of the costs of qualified
depreciable property can be taken in the first year as a deduction. In
addition to the fact that you continue to depreciate the remaining 50%
of the balance over the correct lives that were assigned to the asset
Enhance Your Savings with Cost Segregation
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© KBKG inc 2012
Bonus Depreciation is a mandatory application
unless you choose to elect out
Bonus applies for Alternative Minimum Tax (AMT)
purposes
No income or investment limitation on the allowance
No short-year adjustments for bonus depreciation
Bonus Depreciation Basic Considerations
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Qualified Property is:
Qualified Leasehold Improvements (QLIs)
MACRS property with a GDS recovery period of 20 years or less
Water Utility Property
Computer Software (with the exception of software covered by Section 197 (purchased as part of a business)
Qualified Property is not:
Qualified Restaurant Improvements
Alternative Depreciation System (ADS)
Bonus Depreciation Requirements (cont)
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
15 Year Improvement Depreciation Quick Reference
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© KBKG inc 2012
Definitions
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© KBKG inc 2012
CHANGE IN ACCOUNTING METHOD
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© KBKG inc 2012
Rev. Proc. 2002-9 (supersedes Rev. Proc. 99-49)
Permits automatic change in accounting method
Filed in the year the change is elected
o No amended returns required
• If you amend the benefits are based on the prior year tax bracket
Allowed taxpayer to catch up on deductions from previous years as a result of a cost segregation study—but benefit had to be spread over 4 years
Rev. Proc. 2002-19 (supersedes Rev. Proc. 99-49)
Adjustments can be expensed entirely in the year of the change
Tax Topics: Change in Accounting Method Form (3115)
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© KBKG inc 2012
• Most of the time a 3115 is
used and there is no
“REFUND" unless the
taxpayer overpaid estimated
taxes in the current year.
• The 3115 is a current year
deduction so the benefits are
based on the current year tax
rate
Preparing The Form 3115
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
RECAPTURE ISSUES
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© KBKG inc 2012
Planning opportunity if the value of Section
1245 property has decreased in value
compared to Section 1250 property.
The lower the value assigned to the 1245
property the lower the amount of recapture.
The only other way to mitigate would be to
exchange instead of an outright sale.
Recapture Issues
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
1031 EXCHANGES
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© KBKG inc 2012
Cost Segregation and 1031 Exchanges
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A properly structured §1031 allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes.
IRC §1031 (a)(1) states: "No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment."
1031 Exchanges
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© KBKG inc 2012
Defer taxes and therefore improve cash flow
Can be performed on any type of commercial property
Can be used on the same property
Encompass complex areas of tax law and necessitate the use of specialists
Similarities Between Cost Segregation and 1031 Exchanges
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© KBKG inc 2012
Real vs. Personal Property
State law vs. Federal law
Appreciating tax base (real) vs.
depreciating tax base (personal)
Initial property assessment vs. subsequent
adjustments
Property Tax Issues
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
HISTORY AND LEGAL FRAMEWORK
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© KBKG inc 2012
Cost Segregation has been around since the Investment Tax Credit (ITC) in the 1960’s.
The initial cases were related to whether items related to a structure could qualify for the credit.
The IRS reluctantly agreed that CS does not constitute component depreciation
Action on Decision 1999-008
IRS warned taxpayers that an “accurate” CSS cannot be based on non-contemporaneous records, reconstructed data or taxpayers’ estimates or assumptions that have no supporting records (CCA 199921045).
History of Cost Segregation
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© KBKG inc 2012
The introduction of the accelerated cost recovery system (ACRS) and the modified accelerated cost recovery system (MACRS) in 1987 eliminated the use of component depreciation - but not cost segregation.
IRS publications 534 and 946 address the depreciation of property for tax purposes. Publication 534 deals with the depreciation of assets placed in service before 1987. Publication 946 deals with depreciating property under the MACRS rules after 1986.
MACRS comprises two systems: General Depreciation System (GDS) and Alternative Depreciation System. GDS will generally apply unless you are required by law or elect to use ADS.
Understanding Asset Identification & Depreciation
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Over 2000 court cases and IRS rulings supporting the use of Cost Segregation
Cases that decided in favor of the taxpayer:
Whiteco Industries, Inc.
o Billboards
Scott Paper Co.
o Electrical distribution systems
Morrison, Inc.
o Kitchen electrical panel boards
Illinois Cereal Mills
o Electrical distribution systems
Hospital Corporation of America
o Wall coverings, electrical systems
Cost Segregation Rulings
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Standards used to determine whether an
asset constitutes §1245 property.
Functional Use Test
o ITC
Permanency Test
o Whiteco
Sole Justification Test
Tests to Determine 1245 Property
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The primary test for determining whether an asset is § 1245 property is to determine whether or not it is a structural component of a building.
If an asset is not a structural component of a building, then it can be considered to be § 1245 personal property.
The structural component determination hinges on what constitutes an inherently permanent structure and how permanently the asset is attached to such a structure.
Factually intensive determination and explains the lack of bright-line tests for segregating property into § 1245 and § 1250 classifications.
Functional Use Test
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The early administrative rulings on ITC focused on a "functional use test" to determine whether an asset constituted § 1245 property.
Evaluated the purpose for which the asset was used.
o For example, if the asset served a function normally attributable to a structural component or permanent structure, it was not treated as tangible personal property even if it could be moved.
Following several conflicting court decisions which addressed the inherent permanency of particular assets, the IRS shifted its focus from the functional use test to an evaluation of factors indicating inherent permanency.
Functional Use Test
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In 1975, the Tax Court, based on analysis of judicial precedent, developed six questions designed to ascertain whether a particular asset qualifies as tangible personal property.
Can the property be moved and has it been moved?
Is the property designed or constructed to remain permanently in place?
Are there circumstances that show that the property may or will have to be moved?
Is the property readily moveable?
How much damage will the property sustain when it is removed?
How is the property affixed to land?
Permanency Test (Whiteco Factors)
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an item may qualify for a lower life even though it is a structural component of a building if it is necessary to meet specific temperature or humidity requirements essential for
the operation of the machinery, or
the processing of materials or foodstuffs
Sole Justification Test
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Hospital Corporation of America Case
109 TC 21 (1997)
The Court ruled that certain costs related
to specific ordinary use equipment (that
otherwise would be viewed as structural)
qualified to be depreciated over the life of
the underlying asset.
Hospital Corp of America vs. Commissioner
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In 1999 the IRS issued a memorandum
in which it acquiesced to the Tax Court
Ruling (199921045).
The determination of whether an asset is a
structural component or tangible personal
property is:
o Facts and circumstances assessment
o No “bright line” test exists
Hospital Corp of America vs. Commissioner
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PERSONAL PROPERTY EXAMPLES
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Track lighting
Wall paneling
Counters
Flooring
Section 1245 Personal Property - examples
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Insulated door
Steel bollards
Special piping
Electrical wiring
Section 1245 Personal Property - examples
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Bar
Decorative
lights
Section 1245 Personal Property - examples
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Section 1245 Personal Property
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Includes improvements directly to or
added to land, whether such
improvements are section 1245 property or
Section 1250 property, provided such
improvements are depreciable.
Examples of such assets might include:
Hot Tubs
Drainage facilities
Waterways
Docks
Bridges
Shrubbery
Sidewalks
Gazebo
Sewers
Swimming Pool
Fences
Landscaping
Land Improvements
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
© KBKG inc 2012
HOW THE IRS VIEWS
COST SEGREGATION
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Issued April 30, 2004 (revised January 20, 2006)
Developed to assist field agents in reviewing Cost Segregation Studies
o Why cost segregation studies are performed for federal income tax purposes
o How cost segregation studies are prepared
o What to look for in the review and examination of these studies
Not intended as an “official IRS pronouncement”
To access the Cost Segregation Audit Techniques Guide go to: http://www.irs.gov/businesses/article/0,,id=134180,00.html
IRS Audit Techniques Guide
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Cost Segregation Audit Techniques Guide - Table of Contents
Chapters:
Introduction
Legal Framework
Cost Segregation Methodologies
Principal Elements of a Quality Cost Segregation Study and Report
Review and Examination of a Cost Segregation Study
Appendix
o Uniform Capitalization
o Change in Accounting Method
o Depreciation Overview
o Relevant Court Cases
o Statistical Sampling
o Construction Process
o Information Document Requests
Industry Specific Guidance
o Casinos
o Restaurants
o Retail Industries
o Field Directive on Planning and Examination of Cost Segregation Issues in the Biotech/Pharmaceutical Industry
Audit Techniques Guide
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Detailed Engineering Approach From Actual Cost Records
Detailed Engineering Cost Estimate Approach
Residual Estimation Approach
Survey Or Letter Approach
Sampling or Modeling Approach
“Rule of Thumb” Approach
Cost Segregation Methodologiesa
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© KBKG inc 2012
Detailed Engineering Approach From Actual Cost Records
Accurate cost allocations
o Per the IRS, “In general, it is the most methodical and accurate approach, relying on solid documentation and minimal estimation.”
Generally used for new construction where detailed cost records are available:
o Blueprints, specifications, contracts, job reports, change orders, payment requests, invoices are used to determine unit costs
Detailed Engineering Cost Estimate Approach
Generally used for acquisitions where detailed cost records are not available
o Estimates costs determined by published sources
Cost Segregation Methodologies:
Detailed Engineering Approach From Actual
Cost Records
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© KBKG inc 2012
Residual Estimation Approach
Abbreviated method – only short-lived costs are determined
Residual costs are assigned to long-life assets
Simpler and less accurate than an engineering approach
Survey Or Letter Approach
Contractors and/or subcontractors gather costs
Costs are used in conjunction with all methodologies
Sampling or Modeling Approach
Analyze multiple properties (fast food chains, retail outlets)
Accuracy is suspect – may not be statistically valid
“Rule of Thumb” Approach
An estimate of the percentage generally moved to shorter-lived property, by industry
Other Cost Segregation
Methodologies
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Certification - Identifies the persons (and their credentials) who prepared / signed the report and developed the analysis, opinions and conclusions
Executive Summary - Overview of subject property and study
Narrative Report - Discusses the theory, definitions and rationale behind the study and the detailed property descriptions
Schedule of Assets - Detail of assets and costing methodologies
Schedule of Property Units and Costs -Property segregated into 1245 and 1250 property
Engineering Procedures -Describes engineering procedures and methodology used to determine the cost for each property unit
Statements of Assumptions of Limiting Conditions - Defines the scope and indicates the reports focus, assumptions and inclusions / exclusions from the study
Schedule of Direct and Indirect Costs - Identifies direct and allocated costs, clearly identified and explained
Exhibits - Photographs of assets, lease abstracts, etc.
Principal Elements of a Quality Report
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© KBKG inc 2012
SAMPLE REPORT
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PROPOSAL PROCESS
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Potential Savings Calculator www.costsegregation.com
KBKG, INC. COST SEGREGATION SPECIALISTS
Information We Need
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© KBKG inc 2012
What you get Sample NPV Estimate
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What you get Sample NPV Estimate (cont)
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© KBKG inc 2012
Double-counting
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Fees
Prices have dropped significantly over the past several years.
Priced should be based on the complexity of the project
Timeline
A cost segregation study typically takes five to seven weeks to complete.
Fees and timeline
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© KBKG inc 2012
Per the IRS Audit Techniques Guide, the IRS states the following: “Some firms use contingency fees where cost
information is based primarily on the tax benefits received from a study. Contingency fee arrangements create the incentive to maximize §1245 costs usually through “aggressive” legal interpretations and/or by inappropriate cost or estimation techniques. Accordingly, examiners should closely scrutinize studies performed on contingency fees.”
Contingency Fees
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GREEN BUILDING TAX INCENTIVES
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Commercial Developers RC 179D - Allows you to claim a $1.80 per square foot deduction
for qualified buildings constructed. o Ex. If they build an eligible 100,000SF building they are entitled to $180,000
of Federal deductions.
Architects RC 179D - Architects are entitled to a tax deduction of $1.80 per
square foot of qualified buildings they design, without triggering income.
o Ex. If they designed an eligible building that is 100,000 SF, they get $180,000 of Federal deductions.
Multi-Family Residential Developers & Homebuilders IRC 45L - Allows for a $2,000 tax credit per qualified apartment,
condo unit, or single family home. o Ex. A 50 unit apartment can be eligible for $100,000 of Federal Tax Credits
Green Building Tax Incentives
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© KBKG inc 2012
WRAP UP
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© KBKG inc 2012
CS is experiencing explosive growth
Changes in tax law affect motivation
Many building owners aren’t aware of the benefits
Building owners are changing the way they think about their investment strategies and gaining insight into how they can reap tremendous tax deferral by having a cost segregation study performed.
CS is being marketing more heavily
As the real estate community becomes increasingly educated, more firms are finding effective ways to offer engineering-based cost segregation services to their clients.
Tax and other real estate professionals are well-positioned to offer cost segregation to their clients.
General Industry Overview
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© KBKG inc 2012
Increased IRS scrutiny of Cost
Segregation
Increased # of engineers to review reports
Disallowing certain assets
Assessing penalties for improper
reclassifications and component values
Conclusion
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© KBKG inc 2012
Does the company have the appropriate tax background? Do they employ CPAs?
Do they employ engineers?
Do they address tax related abandonment issues?
Are they knowledgeable on issues involved with a 1031 exchange and how it interacts with Cost Segregation?
Do they have the expertise to file, or help you with, the IRS Form 3115 procedures?
Does the cost of the study include time for audit support?
Are they qualified and knowledgeable about all the credits and incentives for Green Building and other Energy Tax incentives?
Things to Consider When Comparing Cost Segregation Services
NATIONWIDE SERVICE Tax Credits · Incentives · Cost Recovery
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UPCOMING WEBINAR KEY TAX EXTENDERS