“”The idea of cost segregation is a relatively new one (1997 Hospital Corporation of America vs. IRS) and one of which many real estate professionals are not aware. David Trahan and his team at CSSI worked with our accountants to save us thousands of dollars on our 2014 taxes by implementing a cost segregation analysis.”
Scott Spencer, Houston Wine Merchant
“I just wanted to thank you for the excellent service you provided us over the past year. The cost segregation studies allowed us to defer over $100,000 in income tax and we believe they will continue to provide deferrals for several years to come. This has been very impactful for us and our investors and the benefits have far outweighed the costs.
We look forward to working with you again on our next projects, and we would be more than pleased to serve as a reference if you ever need one.”
Todd Mason, MLB Capital Partners
“I was very pleased with my experience with CSSI. I engaged them to provide an accounting cost segregation analysis for 2 buildings I own, and they were able to significantly accelerate my depreciation for both buildings as a result of their quality work. I highly recommend working with CSSI if you have real estate that is depreciating under straight-line IRS guidelines.”
Stuart Dupuy, Principal
MBF Agency, www.mbfagency.com
“David Trahan has consistently provided superb service and advice. We’ve done many cost segregation studies in the past and now that we’re with CSSI we won’t use anyone else. They are experts in the field and current on all of the latest regulations. I feel very fortunate to have been set up with David and learned about their services.”
President of The Barvin Group LLC
Ms. Wendy Lewis, CPA, CGMA, President of the Houston Affiliate of the American Woman’s Society of Certified Public Accountants (AWSCPA) commented after hearing the TPR presentation,
” It was an excellent presentation, and highlights what a complicated subject the new repair regs are. It also emphasizes why cost segregation studies can make the process that much easier. I know on a personal level that I am loving the results for our properties.”
Wendy is also the past National president of AWSCPA.
“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.”
John D. Price III
Executive Vice President & Chief Financial Officer