What is a cost segregation study — and why are real estate investors and high earners using it to slash their tax bills?

Fred Passelli, CPA breaks down how a cost seg study reclassifies parts of a property (flooring, fixtures, countertops, carpet) into 3, 5, 7, and 15-year assets instead of depreciating everything over 27.5 or 39 years — and how 100% bonus depreciation can let investors write off close to half the depreciable basis in year one.

You'll learn:
• What a cost segregation study actually is
• Straight-line depreciation (39 years commercial / 27.5 residential) vs. accelerated depreciation
• How bonus depreciation and MACRS pull deductions into the early years
• Why the rental loss can offset W-2 or business income (real estate professional status & the short-term rental rules — more on those in upcoming videos)

Thinking about a cost segregation study for your property? Book a tax intro call: https://linktr.ee/Passellicpa

Passelli Accounting Services, LLC — Palm Beach County, FL
Tax Planning • Strategy • Bookkeeping
561-386-3997 | fredpasselli.cpa@gmail.com

Your CPA Isn't Responding? Do This Before the Oct. 15 Deadline On extension and your CPA has gone quiet? With the October 15 deadline about two weeks away, here's exactly what I'd do right now so you don't end up filing late. What's covered: • Step 1: Follow up one more time by email, then call • Step 2: Gather your last two years of tax returns and a copy of your extension • Step 3: Start looking for a new CPA to finish and file your return • Why a late filing usually falls on the taxpayer, not the preparer • Penalties and interest if you miss October 15 Need a CPA to finish your extended return? Book a call with Passelli Accounting Services: 561-386-3997 Subscribe for more quick tax and accounting tips from a CPA. Educational purposes only; not tax, legal, or financial advice. #TaxExtension #October15 #CPA #TaxDeadline #IRS #TaxTips

Types of IRS Notices and letters we are seeing in 2026

This includes: W-2's, 1099's (multiple different types), 1098's, K-1s.

Florida LLC Filing and third party vendor/service providers SPAM

Explaining the tax documents needed to complete your tax return

Last second 2025 tax moves you can still make to reduce your tax bill

Explore the two major benefits of the S Corp Tax Status Election 1) Self Employment Tax Reduction

2) Qualified Business Income Deduction

2025 Tax Filing Season - Important IRS Tax Deadlines

Basic tax benefits of electing S Corp status and the filing process (Form 2553)

What is the Pass Through Entity Tax and how does small businesses benefit from it?

Tax Plan for 2025 now before it is too late!

Only three months left of the year

Fred Passelli - Owner of Passelli Accounting Services, LLC https://www.passelliaccountingservice... Fredpasselli.cpa@gmail.com 561-386-3997

Now Accepting Tax Clients and Bookkeeping for 202

How to Determine if you should be using a Pre Tax or Post Tax Retirement account (401k Vs Roth)

Part 2 of 2 - Basic Financial Accounting Financial Statements: Statement of Retained Earnings and Statement of Cash Flow Fred Passelli - Owner of Passelli Accounting Services, LLC https://www.passelliaccountingservice... Fredpasselli.cpa@gmail.com 561-386-3997

Part 1 of 2 - Basic Financial Accounting Financial Statements: The Balance Sheet and Income Statement

Watch this video for the 5 simplest and best ways to save on taxes as a 1099 Independent Contractor! 1099 Employees have quite a few deductions that can take advantage of to save on taxes!

Watch this video for the 5 simplest and best ways to save on taxes as a W-2 Employee! W-2 Employee tend to think they cant saved money on taxes, but there are still several methods!