Hi Dario, My company does fixed asset inventory and valuations for state and local Governments nationwide. We keep entities compliant with GASB 34. We are now offering private sector insurance and Engineering Cost Segregation Valuations. Under the above ...

I believe the issue to be determined is what is nature of the building {equipment} components. If a cost segregation study was done and the Sec 1245 property was separately depreciated, then on disposition, that property would be subject to 100% recapture. ...

Effective July 1 st , manufacturers in Illinois no longer have to pay sales tax on most of the supplies and consumables used in a manufacturing facility.  The Department of Revenue published Informational Bulletin FY 2019-28 which covers the general rules ...