CredVal assist clients with the opportunity to maximize tax depreciation benefits related to the construction or acquisition of real estate & industrial assets and minimize the risk of audit exposure.
For both new and existing properties, the IRS requires that engineering-based cost segregation studies be performed in order to realize the maximum depreciation benefits. Engineering-based cost segregation studies provide more precisely segregated property information, giving CPAs/ CFAs the information and detailed supporting documentation they need to meet with strict IRS regulations and requirements for audit defense.
CredVal examines properties, identifies qualified personal property costs and classifies those costs appropriately. The firm's cost segregation services yields benefits such as reduced individual and corporate taxes or reduced property taxes.