On June 1, 2022, the Internal Revenue Service (IRS) released the latest edition of the audit technique guideline (ATG). The recent round of updates take a look at the complexity around cost segregation studies and provide more guidelines and clarity for these studies.

In Cherry Bekaert’s latest Tax Credits and Incentives Advisory’s (TCIA) podcast, Ron Wainwright, a Strategic Tax Partner and Leader of the Cost Segregation Practice in the TCIA group, and Sean O’Leary, a Senior Manager, dive into these cost segregation study updates and provide deeper guidance, discuss the new audit technique guideline (ATG) for cost segregation.

Chapter Markers:

  • 1:24 – What is the Cost Segregation ATG?
  • 2:15 – Background on ATG
  • 4:30 – Latest ATG Changes
  • 7:47 – Areas of Focus for IRS
  • 11:21 – What to Expect from an IRS Audit
  • 23:30 – Impact of Cost Segregation on Taxpayers
  • 26:33 – Concluding Thoughts

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Ronald Wainwright, Jr.

Tax Services

Partner, Cherry Bekaert Advisory LLC

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