Episode Synopsis "What the New Audit Technique Guidelines Mean for Cost Segregation?"

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 ATG4:30 – Latest ATG Changes7:47 – Areas of Focus for IRS11:21 – What to Expect from an IRS Audit23:30 – Impact of Cost Segregation on Taxpayers26:33 – Concluding ThoughtsRelated Guidance:Hot Topics in Cost SegregationCost Segregation Services

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