****Go Back to 2003 and Get $$$ Back from Taxes!!!!
*** Get 60% Depreciation 1st Year on Qualified Property!!!

Found $$$ from Past Taxes Paid! ……….
On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (”the Recovery Act”), which included:

• Increase Net Operating Loss (NOL) carryback
• Extension of the 50% Bonus Depreciation (new property through 12/31/2009)
• Extension of Increased §179 Deductions

This legislation along with the great benefits to property owners from accelerated depreciation gained from Cost Segregation Studies on commercial buildings is the way to

KEEP YOUR MONEY

KEEP TAXES PAYMENTS TO A MINIMUM

President Obama, after signing the Stimulus Bill should have just said: “Property owners call Engineered Tax Services for you own Economic Stimulus Program!

Free Feasibility Study for Past Taxes Check

Benefits of the American Recovery and Reinvestment Act of 2009

- Increase Net Operating Loss (NOL) Carryback:

How about a REFUND Check from the IRS?

Creating additional losses that can be carried back up to 5 years; what a catch-up maneuver! A NOL can be carried back to generate a refund of income taxes paid in prior years. The five-year “carryback” period provides a real opportunity for the recovery of tax payments already made, which could be used to help struggling businesses during these tough economic times. This expands on the existing law which limits the “carryback” to the previous two years. This temporary increase is only available for losses in 2008 and is limited to small businesses with gross receipts of $15 million or less per year. .

A cost segregation study creates additional depreciation deductions and in some cases will put the taxpayer in a net operating loss position or, at minimum, increase it. The stimulus plan will give property owners and small businesses more opportunity to use the entire net operating loss as part of an NOL “carryback” strategy to create a large tax refund.

Free Feasibility Study for NOL Check

- Extension of 50% Bonus Depreciation

Take 60% Depreciation the 1st Year!

Do you want to take advantage of tax incentives created by the American Recovery and Reinvestment Act (ARRA) of 2009? A Cost Segregation Study applied to your commercial property is a great way to accomplish exactly that.

The latest version of Bonus Depreciation (50% first year bonus) created in the Economic Stimulus Act of 2008 originally applied to property acquired after December 31, 2007 and placed in service before January 1, 2009. The ARRA of 2009 extended the “placed in service” requirement for one more year to property placed in service before January 1, 2010. Bonus Depreciation is only available for “qualified” property that has a recovery period of 20 years or less.

A Cost Segregation Study will allocate a building’s construction costs from 27.5 (residential investment) or 39 years(commercial) to 5, 7 and 15 years and therefore “qualify” the property for the Bonus Depreciation.

*****REMEMBER: through documentation is the key!*****

Free Feasibility Study for 60% Tax Deductions

- Extension of Increased §179 Deductions

Section 179 allows for the taxpayer to expense eligible Section 1245 personal property assets. A Cost Segregation Study will identify Section 1245 personal property (5 year depreciable property) that is eligible for the Section 179 expense election to allow the taxpayer to maximize their deductions. Under this rule, the Section 179 deduction is reduced dollar for dollar by the excess of qualifying assets placed in service during the year. The Section 179 expense limits were originally raised to $250,000 with the signing of the Economic Stimulus Act of 2008. The limit was scheduled to revert to $128,000 for 2009 however the ARRA of 2009 extended the $250,000 limit for another year

Free Feasibility Study to Determine Section 1245 Personal Property

How we can help

We can help you determine how to take full advantage of the TAX DEDUCTIONS & CASH FLOW incentives included in the stimulus act. If you would like to discuss the new law and evaluate your real estate portfolio situation, please contact us.

TAX DEDUCTIONS & CASH FLOW HELP TODAY!!!