It is an IRS defined and sanctioned approach that requires skills and expertise in Construction Engineering and Taxes. The process allows Commercial Property owners to REDUCE FEDERAL TAXES by accelerating the depreciation on their properties by separating real (essential) and personal (non-essential) components of building cost and reclassifying the depreciation on the personal items from 39 years to 5, 7, and 15 years.
FullerCSS (Cost Segregation Specialists) is a consulting firm composed of professional accountants and licensed civil engineering specializing in asset cost segregation studies for real estate investors and property owners. The company is a division of Fuller & Associates, a thirty-six year old accounting firm specializing in tax planning and consulting for business owners. FullerCSS works directly with property owners as well as with CPA firms.
The benefits of cost segregation overwhelmingly outweigh the drawbacks. There can be astounding differences in outcomes between using and not using it. Due to the time value of money, the advantage of these front-loaded depreciation deductions will be quantifiably greater than had the deductions been spread over longer periods of time using slower depreciation methods.” JAY A. SOLED, JD, is an associate professor of taxation at Rutgers University
Recently, I engaged the services of FullerCSS to perform a cost segregation analysis for my new office building. The results were not only worth the investment from a depreciation standpoint, but they also provided me with the most thorough description of the facility possible. At all phases of the project, those involved were very courteous and professional. I enthusiastically recommend them without reservation.”
“We worked with FullerCSS for the first time in 2011. They performed a Cost Segregation study for our firm that resulted in a tax refund of over $212,000. The staff was knowledgeable and friendly and took the time to explain and guide us through the process. We anticipate working with FullerCSS on more projects in the future. We highly recommend them and look forward to our enhanced profitability as a result.”