O'CONNOR & ASSOCIATES

Prior to the ruling on the seminal HCA Hospital vs IRS case, the Service opposed cost segregation. However, ever since that ruling in 1997, the IRS has stated in its Audit Techniques Guide that "determining a proper recovery period" is mandatory to calculate depreciation for Federal income taxes... A straight forward reading of the ATG could result in the belief that taxpayers are derelict if they are not "using the correct method and proper recovery period for each asset"... Save more of your money by using the correct method and identify proper recovery period for each asset or property owned. Read more

Primary location: Houston United States