Cost Segregation Services, Inc. (CSSI) is the premier company providing IRS defined engineering-based cost segregation studies for U.S. property owners of commercial and rental real estate. Currently, CSSI has successfully completed over 10,000 studies nationally with properties ranging from $200,000 to $450 million in cost.
John Scoble and Jennifer Scoble collaboratively since the summer of 2014 manage the Tennessee region; however, they can provide assistance in any state. With over 50 combined years of experience in all things financial and accounting, they are well-versed in providing tax savings. Originally, CSSI was founded in 1997 by industrial engineer/economist, Jim Shreve, who designed the CSSI Study based upon the Cost Segregation Audit Technique Guidelines written by the IRS.
John and Jennifer bring the personal, professional attention every commercial and rental property owner and their CPA needs to ensure the proper engineered cost segregation result according to the IRS tax rules. The analysis and review, once all documentation has been provided, will take 4-6 weeks. John and Jennifer will be there every step of the way answering questions and addressing any concerns.
Cost segregation is the IRS approved method of re-classifying components and improvements of your commercial building from real property to personal property. This process allows the assets to be depreciated on a 5, 7, or 15-year schedule instead of the traditional 27.5 or 39-year depreciation schedule of real property. Thus, your current taxable income will be greatly reduced and your cash flow will increase.