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May 2010
Depreciation News You Can Use
A newsletter to better serve the business community.

Did You Know?


$5.39 Billion

 over 10 Years
 
Dollar Sign Bullet Point
 

This is the taxpayer benefit estimated by the Congressional Research Service for the soon to be extended Qualified Leasehold, Restaurant, and Retail Improvements provisions.

  

These provisions permit the more generous 15-year straight line depreciation period for qualified improvements.

 

Cost segregation will help identify property eligible for these provisions, as well as personal property which can still be identified and recovered over 5 or 7 years.

 

Video Presentation


Please visit our website at www.CRScostseg.com to view our video presentation on cost segregation. The video provides a brief description of cost segregation and its benefit to you and your clients.
 
The video can be accessed through the scroll bar at the top of our home page.

Compliments of Cost Recovery Solutions

   

Congratulations to Anthony Bolero! 

 
Anthony is the lucky winner of our 'Tax Season Reward',
a 7-day, 6-night trip to 'The Cliff at Cupecoy' in St. Maarten.
 
Cliffs
 
Enjoy your vacation, Anthony!
 

Legislative Update

   

Maximum §179 Expense To Remain At $250,000

 

The maximum §179 expensing limits for 2010 will once again be $250,000, with the phase out beginning at $800,000. The limit was set to revert to $125,000 with a $500,000 phase out for 2010, however the recently signed Hiring Incentives to Restore Employment (HIRE) Act extended the more generous limits to encourage capital spending.

 
Cost segregation will identify property eligible for §179 expensing to maximize your deductions. 
 
The CRS Advantage
Cost Recovery Solutions, LLC (CRS) is a specialized engineering firm trained exclusively in the unique discipline of Cost Segregation. CRS has distinguished itself as an industry leader by providing their clients with a seamless integration of cost segregation into their business. We are the cost segregation provider many accounting firms employ as their cost segregation resource due to our unique qualifications which include:
  • Our tax director has lectured extensively on the topic of cost segregation including his recent presentation at the AICPA national Practitioner's Symposium
  • The IRS consulted CRS in developing their current Audit Techniques Guide on cost segregation
  • Our engineering director is one of a small group of accredited senior appraisers (ASA) in the disciplines of both 'Cost Surveys' and 'Machinery and Equipment' from the American Society of Appraisers
Contact Us
For more information or a complimentary projection of benefits, please contact:

Jerry Kootman
Managing Tax Director
jerry@crscostseg.com

Cost Recovery Solutions, LLC
www.crscostseg.com
407 Main Street
Metuchen, NJ 08840
Phone: (732) 548-3855
Fax: (732) 549-8844


Jerry Kootman
 
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