Cost Segregation: The Art of Maximizing Depreciation Deductions
Property owners typically depreciate commercial, investment, or residential properties over a long period of time without realizing that there is an alternative to maximize annual deprecation. Generally, commercial property is depreciated over 39 years and residential property is depreciated over 27.5 years.
Author Bio
Adam Katz, the founder and managing partner of Katz Law Firm, PLLC, is a dedicated estate planning, tax planning, and business formation attorney. With a passion for helping clients navigate complex legal matters, Adam leverages his extensive experience to deliver tailored solutions that meet his clients’ unique needs.
Adam’s commitment to professional excellence has earned him recognition from numerous legal organizations, including being elected as an Accredited Estate Planner by the National Association of Estate Planners and Councils (NAEPC) Board of Directors. He is also an active member of the American Bar Association (ABA), New York State Bar Association (NYSBA), and the National Academy of Elder Law Attorneys (NAELA).
Holding a Juris Doctor from Fordham University School of Law and a Master of Laws in Taxation from New York University School of Law, Adam has the knowledge and skills to provide his clients with the highest level of legal service. His dedication to his clients and his profession is evident in his ongoing efforts to educate and inform the public about essential aspects of estate planning, tax planning, and business formation law.