Green Zip® Tape
Increases 5-Year Depreciation
for Development Cost Segregation
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Green Zip® Tape, when used along with a cost segregation study, allows drywall to be classified as 5-year property instead of 27.5 or 39-year property ... creating $5-$15+ per square foot in tax savings. Used by over 1,000 projects in the U.S. The project's drywall never has to be removed to generate the tax benefits.
Patented ARCHITECT Magazine R+D Award IRS Approved LEED Credits (up to 11) Initial Objections
Response: Green Zip® Tape has been used for over 1,000 development projects, where the majority of those have been in Arkansas, Kentucky, Missouri, and Texas. CBRE Investment Management alone has used Green Zip® on 29 hotels, 62 apartment buildings, 19 assisted living facilities, and 5 banks.
Response: No, it has NEVER caused an audit. We have fortune 100 companies with full time IRS auditors that have used our product and supported the depreciation during their normal audit. We have also had companies pay to have a pre-file audit that was completely affirmed by the IRS and we have a pre-file private letter ruling [ PLR 110197-13 ] that supports all of our claims. The DOJ (Attorney General, Janet Reno) worked with the founder to give benefit to businesses to encourage the only environmentally sustainable solution for keeping drywall out of landfills. The Treasury isn't trying to stop us from doing this – they approved the design of the benefit.
Response: The depreciation benefits travel with the project, so the new buyer can use the generated 5-year depreciation. This generates a tax asset that can be reflected in that sale price.
Response: This does not prevent the use of Green Zip® Tape, where the minor change can be addressed by a change order prior to the drywall installation.
Response: Yes, that would change the ability to take the depreciation all in year one, but it does not change the ability for YOU to increase the amount of 5-year property by generally 1.85x to 2.70x plus.
Response: CSSI is the one company that has the license to sell Green Zip® Tape and to do the associated cost segregation study.
Stop letting the IRS keep more of YOUR cash flow ... contact us now!
Join hundreds of commercial real estate developers that already use Green Zip® Tape for cost segregation and tax benefits. Learn more about Green Zip® Tape benefits including 5-year depreciation, LEED credits, and commercial real estate applications. Request your complementary project assessment in 60 seconds. Do you have a good reason to not learn more?
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