Although the real estate market continues to plummet nationally, real estate investors are re-looking at the benefits of a cost segregation study in light of the new bonus depreciation benefits for 2008. These investors are also taking advantage of the energy policy tax deductions to maximize the overall tax benefits from their real estate holdings.

These benefits include the ability to take additional depreciation on qualifying property in 2008. The key is that there is a very short window of opportunity to take advantage of these tax benefits. However, if you have clients on extension which own real estate and will be paying taxes, this is a great opportunity to help them, especially in tough economical times.