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Name
Stanley Odum
Company
Cost Segregation Services Inc
E-mail
Contact Stanley Odum (Cost Segregation Services Inc)
Website
http://www.florida.costsegserve.com/
Office Phone
(813) 944-3407
Cell Phone
(813) 995-4230
Address
3224 Lake Padgett Dr., Land O' Lakes, FL, 34639
Description
Cost Segregation Services, Inc. (CSSI) is the premier engineering company providing quality, affordable, engineer-based cost segregation studies for individuals and businesses throughout the U.S.

History - Cost Segregation Services Inc (CSSI)

CSSI Logo

Shortly after the landmark decision in the 1997 Hospital Corporation of America (H.C.A.) vs. IRS tax case, Jim Shreve was commissioned by a New York City tax attorney who worked on the H.C.A. vs. IRS case to develop the protocols and processes to provide "engineered cost segregation studies" for commercial property owners.  Mr. Shreve, an engineer and economist, understood the financial impact of cost segregation for commercial property owners and developed the application according to the tax rules and regulations.  At first, the fees for the studies were in excess of $100,000 and were only for properties with at least $10,000,000 in building costs.  Mr. Shreve realized an enormous marketplace was being ignored.  This marketplace was commercial property owners who have building costs of $300,000 - $10 million and should have the opportunity to the increased cash flow through tax savings created by cost segregation.

Cost Segregation Services, Inc. (CSSI) is the premier engineering company providing quality, affordable, engineer-based cost segregation studies for individuals and businesses throughout the United States.  To date, CSSI has successfully completed over 5,000 studies on properties ranging from $200,000 to $180 million in cost.  Our team of experts can help easily apply the results of your study to your company owned locations and your franchise client's current financials to assure successful results.  Our mission is to support you and your CPA with accurate results according to the IRS rules and regulations so you can maximize savings and increase cash flow.

 

 

 

 

Summary - Cost Segregation Services Inc (CSSI)

http://www.florida.costsegserve.com/ | Real Estate Referral Service of Florida | Cost Segregation


Cost segregation is an IRS-approved application by which commercial property owners can accelerate depreciation and reduce the amount of taxes owed. This savings generates substantial cash flow that owners often use to reinvest in the business, purchase more property, apply to their principle payment or spend on themselves.

Cost Segregation Services Inc (CSSI), an experienced and qualified engineering company, performs the cost segregation study on your property. The study accelerates the depreciation of your building/renovation components into shorter depreciation categories such as 5-, 7- and 15-year rather than conventional 27.5- and 39.5-year schedules. Five- and 7-year items might include decorative building elements, electrical for dedicated computer equipment, and carpet. Fifteen-year items might include site utilities, landscaping and paving. This engineered cost segregation study results in much higher depreciation expense and significantly reduced taxable income for the property owner. Best of all, the IRS ruling states cost segregation can be applied to all categories of buildings purchased or built since 1986, including renovations, and there is no need to amend your tax returns.

For years, CSSI has been delivering quality, affordable, engineer-based cost segregation studies to a wide range of individuals and businesses. Our team of experts can help easily apply the results to your current financials with your CPA or financial professional to assure successful results. In addition, our national coverage and expertise allows us to work with customers and properties across the United States.

To learn more about cost segregation, click here to watch the video.   

Focused

We are engineers singularly focused on cost segregation studies. Our goal is to support your CPA or tax advisor with the most accurate cost segregation study results so you can realize maximum savings and increased cash flow.

Affordable

We provide a method that is affordable for your commercial property application.

Compliant

Our engineering background allows us to provide not only the best possible results, but also strictly adheres to all IRS guidelines and recommendations. In addition, we stay up to date on the most current IRS cost segregation rules and regulations.

Independent

CSSI is classified as an independent engineering specialist meeting the exact specifications stated by the IRS in regard to commercial property owners applying cost segregation applications.