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Updated almost 2 years ago on . Most recent reply

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Gregory Jackson
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CPA - Researching Cost Segregation to Offer as a Service

Gregory Jackson
Posted

Finally, my first post - As noted in the title, I am an Ohio-licensed CPA investigating whether I could offer a cost segregation service.  As part of my due diligence in entering this market, I am looking for excellent materials to read (please post suggestions). I have noticed that the IRS discusses the audit process and what they look for in reviewing a cost segregation analysis. If possible, I would like to get my hands on a redacted cost segregation report if anyone would share that much information with me.  Assuming I enter this market, I would be happy to offer some initial services heavily discounted to assist in my learning process. 

My Background: CPA for the past 10 years in technical accounting. I recently flipped a couple of houses and picked up a rental in the Cincinnati area. Areas of interest multifamily, cost segregation and tax.

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86
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Shlomo Koheler
  • Rental Property Investor
  • centervill in
49
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86
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Shlomo Koheler
  • Rental Property Investor
  • centervill in
Replied

@Gregory Jackson

Well we have done three cost seg

For three of our portfolios SFR

It's normally a teamwork between engineer and a CPA

So if you look into the YouTube channel of Anderson advisors Toby Mathias the accountant there has some good easy to understand stuff about the subject or look for a yona wise which is our provider.

It is very beneficial and being you live in Ohio you could provide some additional insight avoiding their rule of some to have the land valued as 20% and instead accounting for what it's really worth here.

But normally these companies offer an array of 'additional real estate tax/financing services'

Like being a 1031 Trust etc

  • Shlomo Koheler
  • Loading replies...