NVISOR
Get In Touch

ABOUT US

We Are Not Just a Cost Segregation Provider

KAJMST is the only firm in the country dedicated to Real Estate Taxation and Wealth Building strategies for clients who own commercial and income property. These include but are not limited to Tangible Property Regulations, partial asset dispositions, cost segregation, negative 481a adjustments, and cash balance plans.
  • We want to eliminate long-term capital gains when you sell your building.
  • We want you to have an easy 1031 exchange.
  • We want to show you a reasonably priced business valuation analysis.
  • We want to show you how to build wealth and have a tax-free retirement.
  • We want to change how you depreciate your building & its contents and find permanent deductions for renovations & repairs.
  • We complete all IRS 3115 forms as required.
  • All projects are completed within two weeks of onset, with frequent project updates when required.
  • KAJMST will defend our work to the U.S. Tax Court.
  • Additional TPR and tax consulting are available.
PLAY VIDEO

MEET THE TEAM

Kevin A Jerry, MST

KEVIN JERRY, MST

- Owner

Kevin Jerry is a nationally recognized expert in Tax Method Changes. He specializes in Cost Segregation, Tangible Property Regulations, and revenue recognition changes. Kevin graduated with honors from the University of Cincinnati with a Master of Science Degree in Real Estate Taxation. Over the last ten years, he has worked with some of the largest property owners in the country. He is also a sought-after speaker on the Tangible Property Regulations, the Real Estate Professional certification, and the nuances and complexities of Cost Segregation. Kevin has spoken at such venues as the American Institute of Certified Public Accountants, the Kentucky CPA Association, the Florida CPA Association, the Hong Kong Trade Association, and the California CPA Association.
CONTACT KEVIN

BOOMER PHILBRICK, MBA

- Partner

Boomer is one of the country’s most successful cost segregation professionals. Boomer has over ten years of experience and generally focuses on the multifamily and residential vertical markets, although he also brings expertise to all property types and owners.


His experience and success in residential rentals are unmatched in the cost segregation marketplace. With every conversation and interaction, Boomer always tries to put himself in the client’s shoes. Looking out for them this way has translated to overwhelming success with hundreds of repeat clients in the real estate industry. He will do whatever it takes to help a client reduce taxes and thus remains a trusted advisor to his clients and CPAs. Boomer completed his undergraduate degree from Arizona State University and has an MBA from the University of Miami.


“The tax laws are very favorable to building owners. Let us use our knowledge and expertise to help you take advantage of them and ensure you are not leaving any money on the table.”

Brock Jerry, MBA

BROCK JERRY, MBA

- Director of Operations

Brock Jerry has successfully coordinated hundreds of cost segregation and tangible property regulation studies since 2019.
 
Brock graduated magna cum laude from Grand Canyon University with a degree in Business Entrepreneurship, where he also completed his advanced degree earning his MBA. Brock’s dedication to his building owner clients and CPAs while facilitating the on-time completion of projects has earned him tremendous respect in the industry.

Garret Schneider

- Senior Engineer

Garret Schneider graduated with Honors from Montana State University in 2020 with a degree in Construction Engineering Technology. He has building experience in multiple fields, including concrete, plumbing, and roofing. For the last two years, he has been using his construction experience to perform Cost Segregation studies. Experience with purchase studies, improvement studies, and invoice studies on properties ranging from single-family homes to large-scale residential complexes. 

Jennifer baker, CPA

- CFP ®, RICP

Jennifer graduated Cum Laude from Texas A&M University with a Bachelor’s and Master’s degree in Science in Accounting. She holds a license in Texas as a Certified Public Accountant. Jennifer’s vast knowledge of financial planning began while working for PricewaterhouseCoopers. She divided her time between the Personal Financial Services department, a private wealth management company, a family-held corporation, and a hedge fund.

Jennifer understands the stresses of personal finances for young families, established professionals, real estate owners and investors, and empty nesters. Her real passion is helping people at every stage of life understand how money works and helping them feel in control of their financial future by providing personalized, actionable guidance. Jennifer is a valuable technical asset to the KAJMST team. Her wealth-building strategies help strengthen our client relationships. Jennifer lives in Cypress, TX, and is married to her husband, Justin. They have two sons, Lawson and Bennett.

Kate Vampran, Mba

- Marketing Consultant

Kate is a skilled marketing professional with ten years of experience in the field. She earned her Bachelor’s degree in Marketing from Southeastern Louisiana University, where she honed her skills in brand management, market research, and advertising. Her passion for marketing led her to pursue a Master’s degree in Business Administration, which has further equipped her with the knowledge and expertise to excel in her field.

Throughout her career, Kate has specialized in cost segregation, providing clients with valuable insights into cost-saving measures that have helped them achieve their business goals. In addition to her experience in cost segregation, Kate has also spent three years in industrial construction, gaining an understanding of the unique challenges that businesses in this sector face. She has a keen eye for detail, a strategic mindset, and a knack for creative problem-solving. Her ability to understand consumer behavior and market trends has allowed her to develop effective marketing campaigns that drive results for her clients.
Nicole Aubin

Nicole Schember

- Executive Analyst

Nicole graduated Summa Cum Laude from GCU in 2021. She has analyzed and coordinated over two hundred cost segregation and partial asset disposition studies over the past two years. Nicole is working hard on her commercial pilot’s license while working for our firm. She is highly detail-oriented and dedicated to every client and every study. In her spare time, Nicole loves to ski powder and moguls in Colorado.

OUR SERVICES

Cost Segregation Studies

What is A Cost Segregation Study?

Cost segregation is an IRS-approved method of asset depreciation used by commercial property owners and residential rental owners. Instead of the entire purchase price of your building (minus land) being depreciated over 39 years (commercial) or 27.5 years (residential), your building is broken down into separate components, and each component being depreciated over its correct class life.


As a general rule, the shorter the class life the less taxes you pay.

Items such as cabinets, moldings, bathrooms, kitchens, security systems, and window treatments are accelerated from a 27.5- or 39-year class life to a 5-year class life. Landscaping, fencing, irrigation, and paving are among the items accelerated from a 27.5- or 39-year class life to a 15-year class life.


Cost Segregation is simple, legal, and recommended in the Journal of Accountancy.

What is the Benefit of Cost Segregation?

By applying cost segregation and accelerating the depreciation of your building components, you receive a greater depreciation expense today and reduced taxable income. The result is an increase in cash flow that you can put back into your business, pay down debt, or purchase more properties. There is never a need to amend or open previous year’s tax returns.

Will my Building Qualify for Cost Segregation?

Buildings purchased or built after the year 2000 and with a cost of over $150,000 are candidates for cost segregation. In addition, renovations and building improvements also qualify for cost segregation.

Do you Offer Full-Service Cost Segregation Studies?

Yes. At KAJMST, our studies include the following:
  • An Engineering grade no-cost analysis of your properties. You will have a very good idea of your tax benefit and our fees before engagement.
  • All travel expenses.
  • All photography expenses.
  • KAJMST will defend your study in the event of a tax audit.
  • A completed and signed IRS 3115 form when required.
  • Convenient electronic payment system
  • A professional final study that fulfills all thirteen IRS requirements.
  • Communication with your Tax Professional.
Send us an email

TPR Studies

How to be Compliant and Reduce
Taxes with the Tangible Property Regulations.

The Tangible Property Regulations (TPRs, or repair regulations) provide specific guidelines to determine whether expenditures performed more than two years after ownership must be expensed or depreciated or capitalized. These regulations are very taxpayer-friendly and are mandatory for all taxpayers as of January 1, 2014.

If a building owner and their tax professional do not understand or choose to ignore the regulations, the opportunities for reduced taxes will be easily overlooked.
Also, under §481a, depreciated expenditures done PRIOR to January 1, 2014, can be expensed in the current tax year if the facts and circumstances show that the expenditure kept the asset in its everyday operating condition. Since 2014, the CPA community has been seeking resource partners who are experts in cost segregation AND the Tangible Property Regulations.

These regulations are not just a beneficial opportunity for building owners; these are mandatory under U.S. Tax Law. Under §263(a)(1-3), the Tangible Property Regulations are the most significant tax change for real estate owners and investors since the Tax Reform Act of 1986. The repair regulations codify and define which expenditures for assets currently in service can be written down as an expense and which ones need to be capitalized. The regulations clarify confusion and are designed to reduce conflicts from previous court cases and regulations. The TPRs generally define which expenditures improve an asset and keep it in its current operating condition and which expenditures improve the asset. The Tangible Property Regulations are Not Optional.

Partial Asset Dispositions - What is a Partial Asset Disposition?

A Partial Asset Disposition (or PAD), under §263a and §168(i)-8, allows a building owner to expense the remaining depreciable basis of items removed during a renovation or remodel IF the renovation or remodel must be depreciated. §263a also allows the owner to expense the entire cost of removing the components. So, if you threw items in the dumpster in the current tax year, you have a fantastic opportunity to save taxes.

However, the opportunity will expire if you fail to write down the remaining basis in the tax year that the renovation took place. Implementing a cost segregation study from KAJMST will provide detailed calculations so the disposition and removal costs can be applied to your tax return. KAJMST is the only cost segregation firm that properly applies a PAD to your return.

How does a Partial Asset Disposition Work?

KAJMST will perform a cost segregation study of your original building, including all recent improvements. During this process, we will assign costs to the tangible (§1245 property) and real property (§1250 property) of the original building, the renovations, and the items removed from the building during the renovation or improvement. We will then calculate removal costs associated with the project. Your CPA will receive the updated information so the expense can be implemented. This cost study may also be used to determine whether future expenditures can be expensed or depreciated under the Tangible Property Regulations (§263a).

Who should implement a Partial Asset Disposition?

  • Retail Center Owners
  • Automotive Dealerships
  • Hotel Owners
  • Short-term Rental Owners
  • Multi-Family Property Owners
  • Restaurant Owners
  • Grocery Store Owners
  • Property owners who have demolished (but left at least seventy-five percent of exterior walls intact) and improved the building in the current tax year.
  • Businesses that have replaced, improved, or refurbished significant components or equipment in the current tax year.

Removal Cost Calculations

Removal cost calculations under §263a can be expensed along with the original costs (minus any depreciation taken) of building components thrown in the trash. KAJMST will calculate the removal and demolition costs if the contractor has not separated these costs.

Advance Consultancy Services

  • KAJMST is the No. 1 Choice

Send us an email Talk with our staff
shape
Cases

See The Latest Case Studies

Multi-Family Apartment Complex in Texas

Cost Study and Partial Asset Disposition

View Details

Single Family Home in South Carolina

Cost Study and Partial Asset Disposition

View Details

Commercial Property in Ohio

Cost Study and Partial Asset Disposition

View Details

Commercial Properties in Southern California

Cost Study and TPR Project

View Details

Manufacturing Facilities in the Midwest

Cost Study and TPR Project

View Details

Multi-Family Apartment Complex in Texas

Cost Study and Partial Asset Disposition

View Details

RV Park in Missouri

Cost Study.

View Details

RV Park in Alabama

Cost Study.

View Details

Commercial Store in Texas

Cost Study.

View Details

Commercial Store and Gas Station in Indiana

Cost Study.

View Details

VRBO in Northern California

Cost Study.

View Details

VRBO Property in Colorado

Cost Study.

View Details
Testimonials

What Our Clients Say

I have worked with Kevin for over ten years. His knowledge of cost segregation and the Tangible Property Regulations is second to none. Kevin is responsive, professional and can be trusted with your tax situation.

Jim S.CPA

Kevin has handled all my client’s cost studies since 2013. The money he has deferred and saved my clients is in the millions. He is very dedicated to our clients, and I never hesitate to pass the ball to him, even with my most valuable clients.

Rick S.CPA

I have worked with Kevin since 2020. We started during Covid when I needed good news to present to clients. Kevin’s expertise has helped me grow my firm at a time when other advisors’ businesses were stagnating. Kevin has helped my clients save over $50M, so far.

Rich V.Financial Advisor

Kevin has helped me reduce taxes on my properties for over ten years.  He is professional, responsive and is always willing to go the extra mile.

John N.Client

Kevin has segregated and created partial asset disposition expenses on our properties throughout the country.  We interviewed several other firms, but Kevin's firm was the obvious choice.

Don S.Client

I was introduced to Kevin by my CPA.  His real estate tax knowledge is second to none.  I have introduced him to all my friends who own real estate.

Bill K.Client

I have worked with Kevin for five years.  He has always been responsive and helped me save over $5,000,000 in taxes.

Jeremy B.Client

Get In Touch

Let’s start a conversation, we value your input and look forward to connecting with you!

100%
100%
100%
Talk with Us

CONTACT US