Tax accounting for fixed-asset costs, including depreciation and amortization of those costs, can present significant issues and opportunities. WTAS’ experienced professionals can help your business work through these matters and document their resolution. We can:

• Maximize tax depreciation deductions on new, existing or purchased buildings and/or leasehold improvements
• Evaluate exposure on tax depreciation studies performed by in-house tax personnel or outside tax consultants for FIN 48 compliance
• Advise on required buyer/seller price allocations on asset acquisitions/dispositions (IRC Sec. 1060) and tax treatment of intangibles following acquisitions (IRC Sec. 197)
• Identify "ghost assets" to minimize personal property taxes
• Perform fixed-asset control studies under Sarbanes-Oxley 404 guidelines
• Perform capital-vs.-repair reviews