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ICS Tax welcomes Jillian Jones from Irvine, California as a Regional Director. With nearly a decade of experience working with professionals within the construction, real estate, and other industries, she has tremendous expertise in tax planning ideas and strategies that have saved millions....

Lawmakers negotiating a year end budget bill reached agreement on December 16 to include tax extenders, which the House passed on December 17th. The Senate is expected to follow by the December 20 deadline to keep the government open. President Trump stated he has agreed to sign the measures. The §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit were among two incentives to be extended....

Manufacturers and processors are reaping large rewards for involvement with products used abroad – including in Canada and Mexico. Many, however, are still inadvertently passing on claiming the benefits that the federal government is offering. In the Tax Cuts and Jobs creation act of 2018, the federal government preserved the “IC-DISC” (Interest Charge Domestic International Sales Corporation) export incentive.  The IC-DISC leads to drastically lower federal tax rates for the owners of privately held companies that make and/or sell products that are at least partially manufactured in the United States....