What the New Audit Technique Guidelines Mean for Cost Segregation? Podcast By  cover art

What the New Audit Technique Guidelines Mean for Cost Segregation?

What the New Audit Technique Guidelines Mean for Cost Segregation?

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On June 1, 2022, the Internal Revenue Service (“IRS”) released the latest edition of the audit technique guideline (“ATG”). The recent round of updates take a look at the complexity around cost segregation studies and provide more guidelines and clarity for these studies.

In Cherry Bekaert’s latest Tax Credits and Incentives Advisory’s (“TCIA”) podcast, Ron Wainwright, a Strategic Tax Partner and Leader of the Cost Segregation Practice in the TCIA group, and Sean O’Leary, a Senior Manager, dive into these cost segregation study updates and provide deeper guidance, discuss the new audit technique guideline (“ATG”) for cost segregation.

Chapter Markers:

  • 1:24 – What is the Cost Segregation ATG?
  • 2:15 – Background on ATG
  • 4:30 – Latest ATG Changes
  • 7:47 – Areas of Focus for IRS
  • 11:21 – What to Expect from an IRS Audit
  • 23:30 – Impact of Cost Segregation on Taxpayers
  • 26:33 – Concluding Thoughts

Related Guidance:

  • Hot Topics in Cost Segregation
  • Cost Segregation Services
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