Benefit Loss Imminent! 40% less next year
I'm not sure if you have been following the tax code changes but I would seriously consider moving on this quickly if I were you.
Benefit Loss Imminent! 40% less next year
If you have bought or made improvements to a commercial building in the past 20 years you qualify for Cost Segregation.
A cost segregation filed with your 2017 taxes is worth 40% more than one filed next year. The value of your depreciation as a whole just took a huge hit with this tax change, and this is the last year you're allowed to do a "catch up" and reclaim all that money.
Buildings during years where tax rates were at their highest, and depreciated things under the assumption that you'd get those deductions "over time". Now, due to the tax changes you still get some of your money, but it's at 21% instead of 35% (therefore, your overall deduction is worth 40% less next year than it is this year).
We're slammed with new clients because of the news and tax deadlines looming, but I wanted to reach out to you. We'd need to get started soon in order to meet your deadline.
What are a few times this week we could connect? Link to my Calendar
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