Bank Buildings

Banking CFOs have achieved significant tax savings by having us identify assets hidden within their facility. Many were previously over-looked and, unknown to them, qualified for accelerated depreciation to lower taxable income, and thereby, federal and state taxes. To deliver these savings we performed a Banking Cost Segregation Study with our team of specialists. These studies are sophisticated and require technical competence in the engineering, construction, estimating, appraisal, and tax disciplines in addition to extensive cost segregation experience. Therefore, they are fully recognized by the IRS, and our team performs hundreds for corporations, accountants and CPA firms throughout the country. Cost Segregation Partners (CSP), a national leader in providing cost segregation services in the banking industry, has performed several hundred studies for large and small banking branches across the U.S. Our experienced team of construction engineers and tax CPAs work 100% in the cost segregation service niche with no outsourcing of professionals. Allow CSP to show how allocating a portion of the 39-year assets to 5 and 15 year categories can bolster a significant increase in cash flow to you and your company.

For example:

• A Community Bank with a cost basis of $1.5 million, placed in service in 2002 could receive additional depreciation in the current year of approximately $234,000.
• A Bank Branch with a cost basis of $1.2 million, placed in service in 1998 could receive additional depreciation in subsequent four years of approximately $199,000.
• A Bank Branch with a cost basis of $2.5 million, placed in service in 2005 could receive additional depreciation in first four years of approximately $439,000, resulting in federal and state taxes deferred of $189,000 (using combined 43% tax rate).
• A Bank Branch with a cost basis of $3 million, placed in service in 2009 could receive additional depreciation in first four years of approximately $365,000, resulting in federal and state taxes deferred of $157,000 (using combined 43% tax rate).

Cost Segregation for Bank Buildings

Contact Information:

Cost Segregation Partners is one of the nation's leading providers of cost segregation and consulting services to real estate owners. Cost Segregation Partners also assists accountants and CPA firms in providing services to their qualified clients who have constructed, bought, expanded or remodeled real estate.

Contact us Via the Web or Toll Free: (800) 591-0148