My contractor says 60% of the electrical contract was for my manufacturing equipment. Why do I need an engineered Cost Segregation study?
Estimating costs, whether by your contractor or by your accountant, is not acceptable unless they are part of an engineered Cost Segregation study. You could be closing the door on significant tax benefits, while opening the door for difficulties in an audit. (IRS Legal Memorandum 1991045) (See our IRS section).
Related Questions
- My contractor says 60% of the electrical contract was for my manufacturing equipment. Why do I need an engineered Cost Segregation study?
- The contract has both fixed price and cost reimbursement line items. What is the profit the contractor can earn for this work?
- What will happen to the equipment and tool inventory if the owner or contractor terminates the maintenance contract?
