|
Services
Typical Responsibility Matrix
We work as a Professional Analyst in partnership with the
Property Owner's or their CPA. The following is a Responsibility
Matrix of the typical steps involved in completing a Cost Segregation
Study and preparing a revised Depreciation Schedule.
| Task |
Client/
CPA |
SegregateCosts |
Both |
| Determine feasability and fee structure. |
|
|
X |
| Obtain approval and acquire construction documents,
closing statements, depreciation schedules, appraisals. |
X |
|
|
| Perform site visit and prepare estimate, segregating
cost by depreciable life of property. |
|
X |
|
| Review draft report and obtain Clients approval. |
X |
|
|
| Adjust and issue Final Report |
|
X |
|
| Prepare
3115 |
X |
|
|
|
Typical Fee's
Our Fees and Expenses are typically 20% of the
effective tax savings of the services. Payment schedule is as follows:
50% paid upon retaining our services and prior to the site visit
occurring; Reimbursable expenses plus the next 35% of the fee will
be billed and due upon receipt of the draft report. The final 15%
would be due upon receipt of the final report. All original documents
would be returned upon receipt of final payment.
Time Frame
A typical study takes 1 month including site visit and report preparation.
This can vary depending on Owner document receipt, payments and
travel arrangements.
|
