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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....

ICS Tax welcomes Walker Willse as a Regional Director for ICS Tax, LLC who resides in Nashville, Tennessee. He has over 15 years of experience in specialty tax planning as well as commercial real estate. Walker focuses upon establishing ICS Tax as the most trusted specialty tax consulting firm to both taxpayers and tax professional throughout the Southeast....