• What the New Audit Technique Guidelines Mean for Cost Segregation?

  • Sep 6 2022
  • Length: 31 mins
  • Podcast

What the New Audit Technique Guidelines Mean for Cost Segregation?

  • Summary

  • 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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