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| Questions to Ask a Cost Segregation Provider If you're in the market for a cost segregation study and plan to interview cost segregation providers, here are a few important questions that you should ask: What is your experience and level of staffing? A cost segregation expert should have prepared thousands of reports and have at least five to eight appraisers or engineers on staff. Does your staff prepare the cost segregation study? If not, do you charge a fee for being the intermediary? Professionals can generate the best results when working directly with the client. There is no benefit to an intermediary who charges a sharp mark-up. Have any of your reports been reviewed by the IRS during an audit? What was the result? An experienced service provider will have reports, which have been reviewed by IRS staff during an audit. There should have been minimal or no changes during the audit. How do you train your staff? Are they committed to cost segregation studies? A credible cost segregation specialist will have a meaningful training manual and program, with periodic updates. The appraisers (or engineers at some firms) who prepare cost segregation studies will spend all or at least most of their time preparing cost segregation reports. Cost segregation is a specialized practice with frequent changes. A properly trained appraiser will be able to identify components not apparent to an appraiser who intermittently prepares a cost segregation report. What are your fees? Fee structure varies from flat fee based on value added to contingency fee. We believe a straight flat fee is appropriate. Some firms base fees on the greater of a flat fee or 10% to 20% of the tax savings. Do you support a client if there is an audit? Is there an additional fee? Audits of clients who have obtained a cost segregation study are rare. O'Connor & Associates supports clients in the event of an audit with no additional fee. Prepare for the Year End! » Get a complimentary estimate of tax savings on your property  Please send me periodic real estate information. O'Connor & Associates -- Your Key to Real Estate Value Corporate Office: 2200 North Loop W., Suite 200 Houston, TX 77018 1-800-856-7325 Dallas * Houston * Los Angeles * Newport Beach If you would like to be removed from this list and receive no future real estate information, click here to unsubscribe. |
 Cost Segregation Benefits
About O'Connor & Associates O'Connor & Associates is a real estate consulting services firm, conducting business nationwide. Our professional staff in Houston, Dallas, Los Angeles and Newport Beach is available to help you with your tax, business and real estate valuation matters, including cost segregation studies, commercial real estate appraisals, commercial property tax reduction and litigation support. Hire O'Connor & Associates to save thousands through federal and ad valorem tax reduction. Visit us at www.poconnor.com. |
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