Cost Segregation Services, Inc. (CSSI)

Cost Segregation Services, Inc. (CSSI) is a leading provider of engineering-based cost segregation studies in America, founded in 2001 by engineer and economist, Jim Shreve, who worked as an expert with the Law Firm that represented Hospital Corporation of America [HCA] v. Commissioner, 109 TC 21 (1997), in the seminal cost segregation case.

Engineered Cost segregation is an IRS approved method that enables commercial property owners to re-classify approximately 30% - 40% of their buildings from real property to personal property. Real property is depreciated over a 39 year schedule; where as personal property can be depreciated in 5, 7 and 15 years, thus generating tremendous cash flow back into your bank. Essentially, Cost segregating your buildings can yield back to your Financial Institution $60,000 to $100,000 of increased cash-flow per every million of building value or leasehold improvements.

As a result of the federal tax court ruling against the IRS in 1999, commercial property owners can apply this methodology retro-actively on any building that has been bought, built, renovated, or leased anytime after January 1, 1987. The increased depreciation expense created by cost segregation can be recovered through a combination of immediate refunds taken directly from current quarterly payments; a  3, 4 or 5 year tax reach-back (at the tax payer's discretion) on taxes paid, as well as tax loss-carry forwards.

Since its creation CSSI has brought this tax advantage to over 5000 businesses in every state in America and has local offices throughout the United States with our corporate headquarters located in Baton Rouge, Louisiana and regional offices, located in Northern New Jersey.

If you are interested in a no-cost analysis documenting the projected impact of doing engineered cost segregation on your properties please contact, Joe DeSanzo, at 908-684-3244, jdesanzo@cssi-associate.com.