We instruct O’Connor & Associates to perform a cost segregation study as part of our standard operating procedures. The study is an integral part of our strategic tax planning process and has proven efficient, effective and valuable in reducing federal taxes to the appropriate level, therefore optimizing our overall strategy.
CEO, Commercial Property Management and Investment Firm – Texas
We have worked with O’Connor and Associates for over 5 years. Their cost segregation experts have always provided great client service when performing cost segregation studies. They also provide excellent reports which can be used as support documentation for depreciation schedules and IRS audits. Their studies have saved my clients thousands in tax dollars!
CPA, CGMA, Shareholder – Major CPA Firm – East Coast
This is the second year we have used O’Connor to deliver cost segregation services. My clients are sophisticated and very demanding large multi-unit residential owners with properties in several states. The O’Connor team of relationship manager, cost segregation manager and CPA confidently addressed all our needs throughout the process. They have become one of our key real estate advisors.
CPA with Major CPA Firm – West Coast
As their CPA firm, clients expect us to seek out and utilize tools which will minimize their federal taxes. Cost segregation is an appropriate, conservative and cost effective tool to substantially reduce federal and state income taxes. Our clients have been extremely please with the results.
CPA, Atlanta-based Consulting Firm
We routinely obtain a cost segregation study from O’Connor after purchasing an investment property. The cost segregation study in an integral part of our tax planning process and has proved invaluable and efficient in reducing federal taxes to the appropriate level.
CFO, National Commercial Property Investment Firm
Cost segregation is a very powerful and necessary part of accurately calculating depreciation for real property. Having a properly prepared cost segregation study is invaluable to me as a CPA because it provides reliable support which can be used to prepare the depreciation schedule and reduce my client’s taxes.
CPA, Texas Accounting Firm
O’Connor worked closely with my CPA which took the burden off of me. Their reports allowed me to save a substantial amount of money I would have had to pay the IRS. Now I can invest it and take my family on a wonderful ski vacation!
Owner, Industrial/Office Assets and Apartments – California
I looked at several other companies but chose O’Connor & Associates because of their conservative approach to the preliminary analysis. I was looking for a company who would identify every allowable short-life component without being overly aggressive. O’Connor & Associates did that for me and I am very satisfied with the results.
Veterinary Clinic Owner, Southern California
We have used O’Connor and Associates for Cost Segregation studies on all of our multifamily properties across Texas, Georgia, and Kentucky. They are accurate and reliable and provide easily consumable data to our CPA Tax Preparers. From a time-value of money perspective, it is frankly a no-brainer.
COO and Principal – Commercial Real Estate Company – East Coast
As part of our commercial property acquisition process, we have a standard item on our checklist to obtain a cost segregation study. This has been a valuable tool in our Federal tax reporting and establishing the correct asset allocation. O’Conner’s service has always been timely and reasonable in cost. In a recent situation, we changed the holding character of a property from held for investment to in service at the last minute. This required a very short time line on getting the Cost Segregation Study. O’Conner was able to deliver. Additionally, O’Conner quickly adapted their studies to meet the requirements of recent repair regulation changes published by the IRS. They worked with us to maximize calculations of abandoned assets from prior acquisitions to further increase our deductions.
Controller, Commercial Property Owner/Manager – Nationwide
My clients have had more than a dozen cost segregation studies completed, but after being unhappy with a previous firm, I conducted a thorough due diligence on O’Connor & Associates as well as other providers. I came back to my client with a positive recommendation, upon which they submitted 4 of their commercial properties located in the Midwest. O’Connor & Associates delivered timely and thorough reports. I would not hesitate to recommend their services to other attorneys or commercial property owners.