Worthy effort As you might suspect, a cost segregation study will entail some effort in analyzing your building’s structural components and mak- ing your case to the IRS. But you’ll likely find it a worthy effort. CTDA helps you succeed in your business through a variety of pro- grams and services that include edu- cational opportunities, webinars, and discounts on shipping, client collection services, telephone charg- es, auto rentals, and more. CTDA offers networking and relationship- building opportunities through par- ticipation in Total Solutions Plus all- industry conference and Coverings annual trade show. Membership in CTDA also increases your national exposure and gives you access to the annual membership survey, a valuable resources to evaluate your company in terms of profit improve- ment, employee compensation, distribution and company perfor- mance. The CTDA website, CTDA Educational Opportunities, Weekly Newsletters and TileDealer Blog are all free resources that will “keep you in the loop” as well. CTDA is always looking for ways to improve the benefits of membership. To learn more about membership, please contact info@ctdahome.org or 630-545-9415 visit the website at www.ctdahome.org. Like CTDA on Facebook and Twitter @Ceramic Tile Distributors Association (CTDA). BUSINESS TIP –––––––––––––––––––––––––––––––––––––––––––––––––––––– It may not be too late: look-back studies If your business invested in depreciable buildings or improvements in previous years, it may not be too late to take advantage of a cost segregation study. A “look- back” cost segregation study allows you to claim missed deductions in qualifying previ- ous tax years. To claim these tax benefits, you should file Form 3115, “Application for Change in Accounting Method,” with the IRS and claim a one-time “catch-up” deduction on your current year’s return. There will be no need to amend pre- vious years’ returns. ©2017 34 TileLetter | July 2017