A Cost Segregation Study should be performed by an engineer with a background in property assessments, construction, as well as a vast knowledge of building component classifications allowable by the IRS. Blue Ray will first produce a preliminary Cost Segregation analysis to ensure that our Cost segregation services are beneficial to the client. Our Cost Seg engineers will gather documents such as construction plans, contractor invoices and depreciation schedules. We will then perform an in depth physical inspection of the property to compare what was actually built against the plans and take photographs that will document and back up the Cost Segregation Study analysis. Following the site visit and document review, our engineer will create a detailed breakdown of take-off costs and properly allocate them to the appropriate recovery period to which is allowable by the IRS. The results will then be aggregated and presented in a report along with calculation details, relevant case law data, definitions, and photo documentation known as a ” Cost Segregation Study “.
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