To use every legal tax strategy available to you to maximize
your income and build your wealth.
Most real estate investors don’t know
that they are unintentionally overpaying taxes
and paying taxes years earlier than necessary,
losing thousands of dollars.
If you own real estate, you probably know
that the holdings can be depreciated over
27.5 years for residential property, and 39
years for commercial property. You might even
know that there are items in or on the property
that can be separated out and depreciated
over 5, 7 or 15 years.
The IRS recommends that owners who break out
these items on their tax returns, obtain a
cost segregation study from an independent
third party. Without a properly compiled
and documented report by an independent, third
party, you cannot safely receive all of the
tax savings available to you.
Chattel Professionals uses an underused
strategy approved by the IRS. We provide chattel valuations – cost-effective, tax-deductible,
independent cost segregation reports on the
items in your buildings that can receive accelerated
depreciation. Our reports come with detailed
instructions – you can hand them directly
to your accountant and start saving the moment
you file your taxes!
In real estate, “chattel” means
moveable, personal property. Generally, this
means things in or on a building or land that
can be removed without damaging the structural
integrity of the building. But IRS regulations
are not always intuitive. For example, a water
heater is chattel but a furnace is not! Linoleum
is chattel but tile is not!
Even in an empty building, there are over 60
items that can be considered personal property,
or chattel. Click
here for examples.
Net tax reductions
Increased cash flow
An inventory of your property
A visual record
As a new investor,
I continually look for ways to save money. Using
Chattel Professionals, I found that the tax
savings was far greater than the cost of the
appraisal. I’ll be using