Average 1st year deduction is $171,243
I couldn’t be more pleased with the results. Their team was incredibly professional, prompt, and easy to work with. I achieved a highly favorable tax situation and recommend Seneca to anyone looking to maximize their tax benefits.
Boost business and property cashflow
Reduce or eliminate federal taxes
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Years Cost Segregation Experience
Cost Basis Analyzed
Properties Assessed
Our cost segregation studies help you maximize your real estate investment incomes through IRS-approved tax savings. Here's how our service helps
Most property owners haven't heard of cost segregation. We exist so you don't miss out on potential tax savings just because you aren't familiar with the concept or how to conduct a study.
We uncover property components that qualify for accelerated depreciation, reducing your tax burden due to slow standard depreciation.
By helping you save on taxes, you pocket more of your property income, increasing your cash flows and financial flexibility.
Our cost segregation approach focuses on the following crucial aspects
We use an Engineering-based method to identify and classify building components to ensure accurate and defensible findings.
Our primary focus is to maximize your tax savings by identifying components eligible for accelerated depreciation. You can enjoy reduced taxable income, increased cash flow, and improved financial performance of the property.
We comprehensively analyze your property to identify and reclassify different components, specifically focusing on those that qualify for 5-, 7-, or 15-year depreciation schedules.
We ensure each study complies with IRS guidelines so that it accepts the cost segregation study and results. We'll provide a detailed report supporting our findings and cost allocation to shorter-life components.
We take our time to understand each property, enabling us to customize our study to your specific needs for maximum savings.
We help you implement the findings effectively by liaising with you and your CPA. We are also ready to defend our study and report in the rare event of an audit.
At Seneca Cost Segregation, we have a simple three-step process to unlock your savings.
Quick and no friction. Schedule a consult and our team will present a no-cost estimate of savings and ROI available to you.
No more waiting. We collect a few documents, schedule a convenient virtual site visit, and do the heavy lifting to prep your study and report.
Our engineers analyze your property and create your tailored report. We return a PDF and fixed asset schedule which your CPA will love.
If you are the owner of an investment property that is worth at least $450,000, or you have had $500,000 in improvements, and you plan to hold on to the property for 3+ years, you may be able to capture thousands in tax benefits.
More depreciation = more paper losses = less taxable income = more money in your pocket
Cost segregation is an IRS-approved powerful tax planning strategy that allows real estate professionals that own short-term rentals (STRs), long-term rentals (LTRs), owner-occupied businesses, and/or commercial property to increase cashflows while generating paper losses that decrease taxes owed.
Typically Residential or Commercial properties depreciate in a straight-line (every year is the same amount) over 27.5 or 39 years.
Cost Segregation is an engineering analysis that breaks up the property into its component parts (cabinetry, fixtures, HVAC, fencing, doors, for example) and assigns depreciation over 5-, 7-, or 15-years which are eligible for additional first year bonus depreciation (currently 80% or 100%).
Depending on the property, as much as 20-40% or more of the building cost may be eligible for accelerated depreciation.
The Result: Depreciation can be front-loaded, resulting in a considerable increase in short-term cash flow and a reduction or even elimination of taxes owed.
Our team is deployed across all 50 states and can perform remote (virtual) or on-site tours depending on the property, timing needed, and individual preference
At Seneca Cost Segregation, we have a dependable team of cost segregation specialists that includes
Our Engineers use their expertise in building systems and construction to assess your property thoroughly to identify and classify components.
We have Cost Segregation Advisors who deeply understand cost segregation guidelines and IRS compliance. They ensure our tax savings recommendations can withstand IRS scrutiny.
These cost segregation professionals work with engineers and tax experts to ensure the accuracy of our component allocations, tax savings calculations, and final reports.
You get a dedicated account manager who acts as your point of contact and helps you interpret the results of the study. They ensure the study is completed on time, within the agreed budget, and complies with IRS regulations.
Here's why you should work with us at Seneca Cost Segregation as your trusted cost segregation consultants to realize real estate tax benefits through accelerated depreciation
Our studies have a low-risk profile for audits. We will defend our report and can even refund the cost of the study if an audit occurs and our study has a material issue.
Legally reducing your taxable income through tax savings means you pocket more money for future investments or personal use.
We have simplified the complex cost segregation process into three easy steps. You won't be confused about what we do or your part.
We are cost segregation experts in all types of real estate you may own, from small single-family properties to office and industrial buildings.
We can perform studies of your building in any of the 50 states.
Our studies have a low-risk profile for audits. We will defend our report and can even refund the cost of the study if an audit occurs and our study has a material issue.
Here are common cost segregation questions you may have
Our cost segregation services typically include the following:
Most cost segregation studies are typically completed in 2-4 weeks vs other firms which can take months.
The duration can depend on the complexity of the property and the availability of information from you or your CPA. We can always prioritize a study if you need it urgently.
As much as cost segregation provides several benefits, the study has a few risks, including:
Let's have a quick example to show how much you can save with cost segregation services.
With standard depreciation only, and assuming a tax bracket of 37%:
With cost segregation and the same tax bracket of 37%:
From the above, the difference in tax savings due to cost segregation would be:
Tax savings with cost segregation − Tax savings with standard depreciation only = $55,934 − $592 = $55,342 in the first year, a 9300%+ difference
Our services stand out for several reasons:
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“The tax savings achieved with Seneca Cost Segregation made a major impact on my bottom line. I wasn’t aware it was a possibility until they brought the opportunity to me. Their insight and expertise are invaluable.”
– Robert Riskin, Partner (Riskin Partners Estate Group)
