WALKER BRYCE & ASSOCIATES
COST SEGREGATION & FIXED ASSET OPTIMIZATION SPECIALISTS









Walker Bryce & Associates values the relationships property
management firms have with their clients.
We respect as well as understand those relationships. At
Walker Bryce, our goal is to protect your relationship with
your client, while developing added value and good will.
This is achieved via a partnership with your firm, bringing
this valuable tax strategy to your clients.
We are not CPA's. We are an engineering/consulting firm
whose sole discipline is Cost Segregation. We understand
most CPA firms do not possess the engineering background
required by the IRS. Walker Bryce & Associates can provide
a team dedicated to cost segregation with the engineering
and construction knowledge required by the IRS. Our team
stays current on all applicable tax law and court rulings
pertaining to cost segregation.
Why align with Walker Bryce & Associates?
Walker Bryce offers the opportunity for your firm to create
a value added service for your clients. Your firms
participation, by introducing Cost Segregation Services to
your clients, will only strengthen your relationships with
your present clients, and indirectly can attract new
business.
Participation with your firm in performing cost segregation
studies in no way interferes with your relationship with
your client or CPA firm.
We team up with CPA's or corporate accounting
professionals to provide your clients with the best strategy
to reduce their tax liability and create an immediate
increase in cash flow. This coordination provides the
CPA/Accounting professional the information necessary to
include in the tax return for the proper elections, along with
the maximum amount of depreciation for each year and the
proper documentation to support the rules of application.
TYPICAL REALLOCATION
Property Types Typical % Eligible
Heavy Manufacturing/Processing 30-60%
Research & Development 30-60%
Car Dealerships 25-50%
Light Manufacturing 20-40%
MOB’S / MAB’S 20-40%
Golf Courses 20-40%
Offices 20-40%
Restaurants (Single or Multiple) 20-40%
Apartments 20-35%
Retail (Dept/Specialty Stores) 20-30%
Theaters 20-30%
Grocery Stores 20-30%
Hotels/Motels 20-40%
Senior Living/Assisted Living 15-35%
Strip or Regional Malls 5-30%
Tenant Improvements 5-50%
Warehouses 5-20%
What We Offer:
•A value added service for your firm
•Complete turnkey service
•Property management firm participation in fee structure
•Full service technical support to clients CPA
•Strict adherence to IRS audit techniques guidelines and
Tax court rulings.
It makes perfect business sense to be able to offer Cost
Segregation and Asset Optimization services to your clients.
Give us a call today to talk about getting started.
Walker Bryce & Associates
The Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
(877) 33-BRYCE (332-7923) Toll Free
(917) 771-5152
(917) 591-3161 FAX
info@walkerbryce.com
WORKING WITH CRE PROPERTY MANAGEMENT FIRMS
"Cost Segregation is a lucrative tax
strategy that should be used in
almost every major purchase of
Commercial Real Estate."
-Wall Street Journal
June 2003
REDUCE TAXES
INCREASE CASH FLOW
TOP TEN MYTHS ABOUT
COST SEGREGATION STUDIES
COST SEGREGATION &
1031 EXCHANGES...

In September of 2004, the IRS
released the first iteration of
the Cost Segregation Audit
Techniques Guide, in an effort
to make clear what they are
looking for in a Study. Of the 13
essential elements, the very
first item the IRS lists is
“Preparation by an Individual
with Expertise and
Experience.” They further
explain the following:
“The preparation of cost
segregation studies requires
knowledge of both the
construction process and the
tax law involving property
classifications for depreciation
purposes.”
“… a study by a construction
engineer is more reliable than
one conducted by someone
with no engineering or
construction background.
However, the possession of
specific construction
knowledge is not the only
criterion. Experience in cost
estimating and allocation, as
well as knowledge of the
applicable law, are other
important criteria.”
“A quality study identifies the
preparer and always
references his/her credentials,
experience, and expertise in
the cost segregation area.”


"The major advantage of cost
segregation is not necessarily
that it will produce more
depreciation deductions.
Instead, due to the time value of
money, the advantage of these
front-loaded deductions will be
quantifiably greater than had the
deductions been spread over
longer periods of time using
slower depreciation methods."
Journal of Accountancy
© 2005 by the AICPA
Cost Segregation studies are one
of the most valuable strategies
available to commercial property
owners. Virtually every taxpayer
who owns, constructs, renovates
or purchases commercial real
estate stands to benefit from
having a Cost Segregation Study
performed. By engaging the
expertise of an engineering-based
cost segregation firm, property
owners can realize a substantial
increase in cash flow.
•Maximizing your annual
depreciation expense
•Reducing your income tax
costs
•Improving your cash flow
© 2006 Walker Bryce & Associates LLC. All Rights Reserved.