Bonus Depreciation
Make sure all projects/equipment purchases are complete and in service by December 31, 2010 so that they are eligible for 50% first year bonus depreciation. Assets placed in service in 2011 are not currently eligible for this lucrative tax break.

Energy Improvements
Have your clients installed energy efficient lighting or HVAC or improved the energy efficiency of the building shell? If so, they may be eligible for a 179D deduction for energy efficient building improvements. Obtain an understanding of the improvements and contact us for an estimate of potential savings.

Other Improvements
Discuss with your clients before year end any improvements that will be capitalized in 2010.  Understanding their expenditures now will help maximize Section 179 expensing or other opportunities before it is too late.
 

Depreciation Schedule Review
Review client depreciation schedules to see if there are any opportunities for retroactive cost segregation studies (i.e. more than $1 million of cost basis in 27.5/39 year real property capitalized in current or prior years).

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