Related Posts
Please do not show to client before Partner review!

Hi Everyone I have joined FIS one month back only, I am just Okay with my current project. I see here everybody is leaving FIS and telling it's not good. I have changed Infosys within 7 months.Now, I don't want to switch this early. Can somebody tell me about the good points, pros in FIS. I really want to change my mindset so that I feel happy here and can give back something to organization.FIS Global
More Posts
DM me for referrals to Johnson and Johnson!
Enjoy it while it lasts!

Anyone have luck getting a Z06 allocation?
Additional Posts in Tax Bowl
Is machine learning or AI used for tax? And how?
CCH Axcess 💔
New to Fishbowl?
unlock all discussions on Fishbowl.




Hit up national tax!
Interesting — just looking at this now! Never heard of it before. Thanks!
It is most likely unclassified 7 year life. https://boxmanstudios.com/blog/modular-construction/a-business-case-for-shipping-containers-in-land-development/
First - sounds like an excellent opportunity to pitch a cost segregation study if you haven’t.
Like you said, it won’t be leasehold improvements as the containers are owned by the lessee. Probably can’t manage to qualify for weird mobile home-esque real property discussion either since TP doesn’t own the land and likely hasn’t permanently affixed the structures.
The containers themselves will likely fall under either 7 year personal property with no class life or 00.27 for trailer mounted containers (5 years). Definitely doesn’t fall under 44.0 because of Rev Rul 80-127.
I doubt you’d be able to utilize any QIP provisions since it’s improvements on non-real property. Probably have to take the improvements and equipment on an item by item basis. IRS study I linked here is a decent overview.
https://www.irs.gov/businesses/cost-segregation-guide-chapter-72-industry-specific-guidance-restaurants
Interesting
How permanent are they? Can a truck just come and pick up the containers or is it connected to a permanent foundation?
They can pick it up and move it whenever they want, which leads me to think...7 year property
I was thinking 57.0 property personally.