A cost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations. Personal property assets include a building’s non-structural elements, exterior land improvements and indirect construction costs.The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter

tax life (typically 5, 7 and 15 years) than the building (39 years for non-residential real property).Personal property assets found in a cost segregation study generally include items that are affixed to the building but do not relate to the overall operation and maintenance of the building.

Land Improvements generally include items located outside a building that are affixed to the land and do not relate to the overall operation

and maintenance of a building. Reducing tax lives results in accelerated depreciation deductions, a reduced tax liability,and increased cash flow.

This technique is used by those in the know to reduce taxes and improve cash flow.  I hope you can tune in Saturday as Walt Huskey is very knowledgeable regarding this aspect of the tax code and you just might learn something that can save you thousands!
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A Court Certified Family & Divorce Mediator, Joe Linder has a business helping people of all kinds through the process of Mediation.  

A native of Central Illinois, Jim Linder graduated from the University of Illinois (Bachelor of Science in Education), Bronze Tablet Highest Honors, and also holds an M.S. Ed degree from UIUC.

His educational career includes being a classroom teacher and the Principal of the Cunningham Children’s Home Residential School. More recently, Jim has worked as a consultant, trainer and coach for adults who serve children in any capacity. He has trained Public and Private School Teachers and Administrators, Child Care Providers, YMCA Summer Staff, Library Staff, School Based Mentors and many parents in schools, churches and early childhood programs.

Jim holds a national certification in the Positive Discipline Association and provides trainings in Positive Discipline for Parents and Parent Trainers, Positive Discipline in the Classroom, Developing Capable Young People, Parent Talk & Teacher Talk. 

Mediation is a very useful tool and I learned a lot talking to Jim.  I hope you can tune in as this information could be very useful to anyone with a conflict to resolve.