Advanced Cost Segregation Training: A Comprehensive Guide for CPAs and Accountants

This blog post has been researched, edited, and approved by John Hanning and Brian Wages. Join our newsletter below.

Advanced Cost Segregation Training: A Comprehensive Guide for CPAs and Accountants

Advanced Cost Segregation Training: A Comprehensive Guide for CPAs and Accountants

In the evolving landscape of tax strategies, cost segregation has emerged as a powerful tool for maximizing tax savings through accelerated depreciation. For CPAs and accountants, mastering advanced cost segregation techniques is essential for providing clients with the best possible tax advice. Specialty Tax Group (STG) offers expert guidance and services in this area, ensuring that your clients receive the maximum benefits. Here’s why CPAs and accountants should consider advanced cost segregation training and refer their clients to STG.


Understanding Cost Segregation

Cost segregation is a tax planning strategy that accelerates depreciation deductions by reclassifying assets into shorter-lived property categories. This allows property owners to reduce taxable income more rapidly, increasing cash flow and providing significant tax savings. Advanced cost segregation training dives deep into the complexities of this process, equipping professionals with the knowledge to handle diverse and challenging scenarios.


Why Advanced Training is Essential

1. Enhanced Expertise: Advanced training provides a deeper understanding of cost segregation methodologies, including the latest IRS guidelines and engineering principles. This expertise enables CPAs and accountants to identify more opportunities for tax savings and deliver exceptional value to their clients.

2. Staying Competitive: In a competitive industry, staying ahead requires continuous learning and specialization. Advanced cost segregation training differentiates you from peers, making you a go-to expert in tax savings strategies.

3. Client Trust: Clients rely on their CPAs and accountants for informed financial advice. Demonstrating advanced knowledge in cost segregation builds trust and strengthens client relationships, ensuring long-term business.


Why Refer Clients to Specialty Tax Group

At Specialty Tax Group, we pride ourselves on delivering exceptional cost segregation services. Here’s what sets us apart and why you should refer your clients to us:


1. Proven Track Record: Our team, led by experts like John Hanning and Brian Wages, has a stellar reputation for handling complex cost segregation studies with precision and efficiency.

2. Client-Centric Approach: We understand that each client is unique, and we tailor our services to meet their specific needs. Our commitment to excellence is reflected in the reviews from satisfied clients.


Client Testimonials:

Chad Bice: "John, Brian, and team did an excellent job for a very important client of mine. We had a very unique situation where STG had to act quickly in a very short period of time. Their quality was excellent and their client service exceeded expectations. Well done STG!!"


Cristina Johnson: "John & his team did a cost seg study for us on a large retail center. They were so helpful and did an excellent job; and even helped us out after the final report was issued with some lagging improvements. I would highly recommend John and his team."


Benefits for Your Clients

1. Significant Tax Savings: Our detailed cost segregation studies help clients realize substantial tax savings, improving their financial position and enhancing cash flow.

2. Expert Support: We provide ongoing support even after the completion of the study, assisting with any follow-up questions or issues to ensure clients maximize their benefits.

3. Timely Service: In urgent situations, our team acts swiftly and efficiently, delivering high-quality results within tight deadlines.


Conclusion

Advanced cost segregation training is an invaluable investment for CPAs and accountants aiming to elevate their expertise and provide superior tax strategies to their clients. By partnering with Specialty Tax Group, you can ensure your clients receive the highest level of service and the maximum tax benefits.


Refer your clients to STG and join the ranks of professionals who trust us with their cost segregation needs. Visit our website  Specialty Tax Group to learn more about our services and how we can assist you and your clients in achieving their financial goals.

2024 Tax Guide

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July 14, 2025
Changing your accounting method can unlock massive tax savings, but only if you file Form 3115 correctly. This IRS form lets you switch from your current depreciation method to reflect the results of a later cost segregation, potentially saving you tens of thousands—or even hundreds of thousands—of dollars on your taxes. Here's exactly how to do it right. What Exactly Is Form 3115 and Why Does It Matter? Form 3115 is the IRS's "Application for Change in Accounting Method." Think of it as your official request to change how you depreciate business assets, especially when you want to implement cost segregation studies on your previously acquired properties. Here's why this matters: When you originally filed your taxes, you probably depreciated your entire building over 27.5 years (residential) or 39 years (commercial). But with cost segregation, you can reclassify portions of that building into 5, 7, and 15-year property categories, dramatically accelerating your depreciation. The numbers speak for themselves. A cost segregation study on a $13.5 million retail shopping center purchased in 2021 generated $1,168,876 in tax savings in the first year alone. That's the power of properly executed accounting method changes.
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