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