Morris Cost Seg

Terms of Service

Morris Cost Seg Consultants
Wilmington, North Carolina

1. Acceptance of Terms

By accessing this website, engaging Morris Cost Seg Consultants (“Company,” “we,” “us,” or “our”), or utilizing any consulting services, reports, analyses, studies, or materials provided by the Company, you (“Client,” “you,” or “your”) agree to be bound by these Terms of Service. If you do not agree to these terms, you should not use our services.

2. Scope of Services

Morris Cost Seg Consultants provides cost segregation consulting services, including but not limited to engineering-based cost segregation studies, depreciation analyses, feasibility assessments, and related advisory services for commercial and income-producing real estate.

All services are provided pursuant to a separate written agreement, proposal, or engagement letter outlining the scope, fees, and deliverables. Any services not expressly included in a written agreement are excluded.

3. No Tax or Legal Advice

Morris Cost Seg Consultants does not provide legal, tax, or accounting advice. All information, analyses, and reports are provided for informational and educational purposes only. Clients are solely responsible for consulting with their certified public accountant (CPA), tax advisor, or legal counsel regarding the implementation of any recommendations and compliance with applicable tax laws.

4. Client Responsibilities

The Client agrees to:

Provide accurate, complete, and timely information necessary for the performance of services
Maintain all required records and documentation
Consult with qualified tax professionals prior to filing any tax returns
Assume responsibility for all tax filings, elections, and reporting

Morris Cost Seg Consultants is not responsible for errors or omissions resulting from incomplete or inaccurate information provided by the Client.

5. IRS Audit and Compliance Risk

Cost segregation studies may increase the likelihood of IRS or state tax authority examination. Morris Cost Seg Consultants does not guarantee audit avoidance, acceptance of study conclusions, or specific tax outcomes. The Client assumes all risks associated with audits, adjustments, penalties, interest, and related professional fees unless otherwise agreed in writing.

Audit defense or representation services are not included unless expressly stated in a separate written agreement.

6. Fees and Payment Terms

Fees for services shall be as outlined in the applicable proposal or engagement letter. Unless otherwise stated:

Fees are due according to the agreed payment schedule
Late payments may be subject to interest or service suspension
All fees are non-refundable once services have commenced

The Client is responsible for any applicable taxes, fees, or third-party costs.

7. Intellectual Property

All reports, studies, methodologies, calculations, designs, and written materials produced by Morris Cost Seg Consultants remain the intellectual property of the Company unless otherwise agreed in writing. The Client is granted a limited, non-transferable license to use the deliverables solely for internal tax reporting and planning purposes.

Unauthorized reproduction, distribution, or use of materials is strictly prohibited.

8. Confidentiality

Both parties agree to maintain the confidentiality of non-public, proprietary, or confidential information obtained during the engagement, except as required by law or with written consent. Morris Cost Seg Consultants may use aggregated or anonymized data for internal analysis, training, or marketing purposes without identifying the Client.

9. Limitation of Liability

To the maximum extent permitted by law, Morris Cost Seg Consultants shall not be liable for any indirect, incidental, consequential, special, or punitive damages, including lost profits, arising out of or related to the use of services or reliance on deliverables.

The Company’s total liability, if any, shall not exceed the fees paid by the Client for the specific services giving rise to the claim.

10. Indemnification

The Client agrees to indemnify and hold harmless Morris Cost Seg Consultants, its officers, employees, and affiliates from any claims, damages, liabilities, or expenses arising from:

The Client’s misuse of deliverables
Inaccurate or incomplete information provided by the Client
Tax filings or positions taken by the Client

11. Termination

Either party may terminate an engagement in accordance with the terms of the applicable agreement. Upon termination, the Client remains responsible for fees incurred for services performed up to the termination date.

12. Governing Law and Venue

These Terms of Service shall be governed by and construed in accordance with the laws of the State of North Carolina, without regard to conflict-of-law principles. Any disputes shall be resolved exclusively in the state or federal courts located in New Hanover County, North Carolina.

13. Modifications

Morris Cost Seg Consultants reserves the right to modify these Terms of Service at any time. Updated terms will be posted on the Company’s website and become effective upon posting.