Cost Segregation is an engineered tax application that allows real estate owners to accelerate depreciation on component parts of their improvements and save themselves thousands of dollars on their federal income taxes. Applying cost segregation, Taxpayers can save between $50,000 and $80,000 per year in taxes per $1,000,000 of value.
“I am pleased to provide this recommendation for CSSI’s cost segregation services in recognition of its outstanding work analyzing and enhancing the tax footprint of 14 of Storage Pros’ properties.
Storage Pros recently engaged CSSI to study these locations in anticipation of generating accelerated tax savings. CSSI provided a compelling, conservative and risk-free estimate of projected savings for the locations. Ultimately, CSSI’s analysis identified in excess of $7 million of accelerated depreciation across the 14 locations – roughly double the initial estimate. This translates to current year tax savings of $2.8 million and approximately $2 million of benefit on a net present value basis (and after consideration of all fees). I strongly recommend CSSI to anyone considering a cost segregation strategy for their properties. The CSSI team is friendly, accessible and possesses strong business acumen. I look forward to future opportunities to work with Cost Segregation Services, Inc.”
Current Trahan/CSSI Team Clients