How cost segregation studies can reap tax savings

Description

Abstract: Real property and improvements to real property often rank among the costliest of a law firm’s capital expenditures. Yet many firms fail to leverage these assets for their full tax benefits. A cost segregation study can help firms make the most of the potential perks. And some of these perks currently are even greater than usual because of temporary opportunities under the Tax Cuts and Jobs Act (TCJA). This article covers the details.