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ICS Tax, LLC will be at Groundbreak in Austin, Texas from March 29-31. Stop by kiosk #8 and visit with ICS Tax team members. Our own Lacey Robb and Alex Bagne will be presenting on tax planning strategies within the construction industry....

The IRS released Notice 2017-6, which better allows taxpayers to take advantage of the Tangible Property Regulations (TPRs). Taxpayers generally are not permitted to make an automatic method change if they made or requested a change for the same item during any of the five tax years ending with the year of change. This effectively prevents taxpayers from using the automatic change procedures to change the treatment of the same item more than once within a five-year period....