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Latest News

ICS Tax welcomes Jonathan Walgrave as the Central Practice Leader. Jon has over 12 years of experience providing tax consulting services and 10 years of residential construction experience. As an established leader, Jon previously led the regional fixed asset practices of both middle market and Big Four public accounting firms....

The U.S. Treasury Department and the IRS has issued proposed regulations (REG-104397-18) providing guidance on Section 168(k), which was amended by P.L. 115-97, known as the Tax Cuts and Jobs Act (TCJA). The TCJA increased the allowable first-year depreciation deduction for qualified property from 50% to 100% for property acquired and placed in service after Sept. 27, 2017. This will get phased down by 20% per year beginning after Dec. 22, 2022. The biggest change that arose from tax reform was the ability to now take bonus depreciation on used property by waiving the original-use requirement. ...

ICS Tax welcomes Travis Cansler as Government Relations Specialist based out of Spring, Texas. Cansler will focus on business development, as well as creating and maintaining healthy working relationships with government building owners....