Chicago, IL -- (SBWIRE) -- 07/20/2015 -- Commercial property owners and real estate investors often end up incurring huge costs for construction and maintenance of assets which leaves them with marginal savings that negates the huge earning potential of such investments.

Lack of knowledge on how to secure savings via accelerated depreciation achieved through reclassification of assets happens to play a big role in this. A method, a tried and tested IRS program that holds the potential to helping property owners discover a wealth of savings in this regard is the Cost Segregation Study (CSS).

It is estimated that the Cost Segregation Program composed by McMann Financial Services, a leading investment services firm has helped property owners secure $452,000 in savings. The savings almost tripled when the accelerated depreciation was applied on the property/asset using this method. The scope of gaining higher returns using this program is therefore, huge and, property owners should turn their attention to incorporating this technique into their tax calculations.

Depreciation in general is ruled out as an expense; something that property owners don't have any control over and an expense that they cannot avoid. But, the Cost Segregation Study views depreciation as a source of earning income, a platform to pool up savings that can be availed using the accelerated depreciation strategy that lies at the core of this program.

Also, the savings are applicable to commercial property owners across the board from new building owners to ones that are currently overseeing a construction project. It also applies to a number of commercial and business establishments including residential projects.

The IRS allows a taxpayer to go as far back as 1987 to reclassify personal property items that have been incorrectly depreciated. And, this is how the hidden savings can be brought to the surface. The fact that no amended returns are required to be filed on behalf of the tax payer makes this a hassle free tax tool to realize tremendous savings.

The detailed workings of this IRS approved approach offers commercial property owners a new way to get a cash refund on real estate taxes that have already been paid is presented by Walt Trock, Senior Partner at McMann Financial Services.

About McMann Financial Services
McMann Financial Services strives towards creating new avenues of savings for its investors. With a revolutionary high return income earning proposition set forward by the Cost Segregation Program the company aims to help investors build towards a concrete investment portfolio with long term savings.

To know more or, get a free property evaluation, please contact 800-616-7276 or, visit, http://mcmannfinancial.co/

Media Contact:
http://mcmannfinancial.co/
McMann Financial Services
Walt Trock
224-532-6116