About Farkas Legacy Tax
Our Expertise
Real estate presents unique opportunities for tax efficiency. Our dedicated real estate tax planning services provide comprehensive support, covering everything from property tax appeals and strategic depreciation (including cost segregation studies) to expert guidance on capital gains, 1031 like-kind exchanges, and maximizing rental property deductions. We empower you to make informed decisions that optimize your real estate investments for tax purposes and long-term wealth.
Cost Segregation
Are you a commercial property owner, real estate investor, or landlord looking to significantly reduce your tax burden and improve your cash flow? Our specialized Cost Segregation services are designed for you.
This powerful tax strategy involves dissecting your property into its individual components, allowing many elements that would typically be depreciated over 27.5 or 39 years to be reclassified for much shorter 5, 7, or 15-year depreciation schedules. The outcome is often substantial, immediate tax deductions, accelerating your return on investment.
We work with a network of expert engineers to perform these studies and seamlessly integrate the findings into your tax strategy, ensuring maximum benefit and compliance. Discover how a cost segregation study can put more money back into your pocket, faster.
Tax Planning
At Farkas Legacy Tax Solutions, we pride ourselves on our extensive knowledge in tax preparation and consulting. Our team is dedicated to ensuring that you receive the best guidance for your individual or business tax needs.