From Policy to Practice: The Historical Landscape of Cost Segregation

In this episode of Let’s Talk Tax, host ⁠Tim LeMasters discusses the history and intricacies of cost segregation with expert Dave McGuire⁠. The conversation covers the evolution of cost segregation from its origins to its modern applications, highlighting pivotal moments like the Hospital Corp. of America v. Commissioner case that shaped current practices. Dave also provides insights on tax planning techniques, the role of REITs, land valuation issues, and common misconceptions. As tax laws continue to evolve, this episode provides valuable information for CPAs and real estate professionals to navigate the complexities of bonus depreciation and cost segregation.