A cost segregation study analyzes the costs of eligible property and identifies assets that may qualify for different depreciation recovery periods. The outcome depends on the property, its tax basis, placed-in-service date, available records, and applicable tax rules.
Evolve manages the engagement and coordinates technical analysis by contracted professionals. Depending on the property and scope, a study may use construction documents, closing records, invoices, site information, and asset-level observations. An enrolled agent reviews the proposed tax treatment before Evolve delivers the report.
The final work may include an asset schedule, cost allocations, depreciation classifications, calculation workpapers, assumptions, limitations, and identification of the professionals responsible for the technical analysis and tax review.
For property placed in service in an earlier year, the return preparer must determine the appropriate filing procedure. A change in depreciation method may require Form 3115 and a section 481(a) adjustment. The study itself does not constitute IRS approval of an adjustment or a return position.
Properties We Serve
Multi-Family Apartments
Retail & Shopping Centers
Medical & Dental Offices
Office Buildings
RV Parks
Boat Marinas
Hospitals, Hotels, Industrial & Warehouse
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