Lee Welborn conducted a fresh-start cost segregation study for a company that required a full valuation of the company’s portfolio properties. This project involved a prefiling agreement with the IRS, and Lee co-developed a unique methodology that including extrapolating and updating pre-bankruptcy cost segregation studies to the new state of the assets with the full approval of the IRS. This allowed for significant time and money savings for the client, and the prefiling agreement removed the risk of audit exposure.

This work was completed prior to joining Stout.