Business Owners who own buildings, read this before filing taxes!

Open letter to my business owner clients who own buildings; you need to act now to avoid losing 40% on your cost seg. Let me explain: 

I’m not sure if you have been following the tax code changes but I would seriously consider moving on this quickly if I were you.

A cost segregation filed with your 2017 taxes is worth 40% more than one filed next year. The value of your depreciation as a whole just took a huge hit with the tax change, and this is the last year you’re allowed to do a “catchup” and reclaim all that money.

You did those buildings during years where tax rates were at their highest and depreciated things under the assumption that you’d get those deductions “over time”. Now, due to the tax changes you still get some of your money, but it is at 21% instead of 35% (therefore, your overall deduction is worth 40% less next year than it is this year).

We’re slammed with new clients because of this news and tax deadlines looming, but I wanted to reach out to you. We need to get started soon in order to meet your deadline. We could meet via screen share if it is not feasible to meet at your office. What are some times this week that we could connect?

Thanks.

Terry (Ter) Scott

Stryde Senior Advisor and National Rep

218-940-1334  stryderecruiter@gmail.com

Stryde Solutions Fenton Michigan