Fixed Asset Review
Our professionals can perform:
- Cost segregation studies
- Repair and maintenance cost reviews
- Fixed asset depreciation reviews
- Reverse sales and use tax reviews
- Ghost asset and placed in service date verification
- Energy efficient building systems analysis
- Fixed asset database reconciliation and consulting
We perform an analysis of construction costs, including those for leasehold improvements, to help you accelerate tax depreciation expense by identifying costs and activities attributable to assets with shorter recovery periods. We can also review and substantiate costs identified for shorter recovery periods in preparation for possible IRS audit.Construction Tax Planning
KPMG uses a proactive approach to identifying additional tax benefits related to new and planned construction projects. Accelerated tax deductions are identified by analyzing costs and documenting their design and construction based on federal guidelines that define tangible personal property from the earliest stages of a construction project.
In addition, we analyze section 174 embedded costs, indirect costs, and professional fees (soft costs), during the planning and design phases of a construction project, allowing for an immediate tax deduction in the year the cost is incurred.
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