Inside Cost Seg: What the IRS Engineer Actually Looks For

Description

This course provides a comprehensive exploration of cost segregation studies from both technical and compliance perspectives, emphasizing what truly distinguishes a high-quality, IRS-defensible report. Drawing from the IRS Cost Segregation Audit Techniques Guide (ATG) and the instructor’s experience as a former IRS engineer and Cost Segregation subject matter expert. Participants will gain practical understanding of how to evaluate, perform, and document cost segregation studies. Topics include the fundamentals of cost segregation and depreciation methods, the differences between Section 1245 and 1250 property, and the importance of accurate cost allocations, engineering documentation, and supportable estimates. The course also covers the principal elements of a well-prepared report, common pitfalls that trigger IRS scrutiny, and practical remedies to strengthen study credibility and audit resilience. By the end of this session, tax professionals, engineers, and financial advisors will be equipped to recognize the hallmarks of a quality cost segregation study and avoid costly mistakes in the process.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objective

After attending this presentation, you will be able to... Identify the cost segregation process and how it accelerates depreciation. Distinguish between Section 1245 and Section 1250 property and recognize how improper classifications may increase audit risk. Recognize characteristics of an audit-defensible cost segregation study and report. Identify common red flags that may trigger IRS examination of cost segregation reports.

Attendee Information

Victoria Boon, EA

Required Knowledge

None

Who Should Attend

CPAs and EAs who deal with cost segregation studies or are interested in learning more about them