Of all the potential methods of conducting a cost segregation study laid out by the IRS in its Cost Segregation Audit Techniques Guide, a detailed engineering-based approach is by far the best for a variety of reasons. First and foremost, the accuracy of such an approach is, in the words of the IRS, “the most methodical and accurate approach.” Our engineering-based studies find tax savings that less-thorough methods routinely miss, ensuring that our clients are taking the full advantage of segregation.
Because they are so much more accurate, engineering-based studies hold up to audits much better than other methods simply because they are more accurate. Actual costs and technical specifications are used where other methods substitute estimates and models. We take financial documents, blueprints, technical documentation and combine them with information from our own site visits and investigations into account to create the most detailed, thorough reports possible, backed up with rock-solid documentation of everything in our reports.
We are so confident in our own studies, for example, that we offer full audit support at no charge to all of our clients. We meet or exceed the IRS guidelines in everything we do—our studies have been through IRS audits with outstanding results.
Our team of consultants with over 100 years of combined construction experience have the expertise to make sure you get the most out of our approach. All available contracts, job orders, receipts, blueprints, technical specifications, and any other documentation will be examined and taken into account. Our reports are the most detailed in the field—for example, it’s not unusual for the electrical breakdown alone to have well over 100 items.