Our Philosophy
ICS approaches every project thoughtfully with an unparalleled team of experts.
Our Expertise
We have the expertise to help organizations of all sizes,
from single-office CPA firms to Fortune 500 companies.
Our Value
ICS performs free preliminary analyses for all service lines
while capping fees to guarantee outstanding value.
Our People
The ICS team has the combined expertise
and best practices of all Big-4 accounting firms.
Our Strategy
We strongly advocate for our clients
and are tenacious in identifying all potential opportunities.
Our Communication
We provide frequent updates and maintain open communication
so projects proceed efficiently and delays are minimized.
Our Deliverables
Our deliverables are complete and defensible.
We also include audit protection on our projects.
Our Standards
All cost segregation projects are reviewed
and signed by an in-house Certified Cost Segregation Professional.
WHO WE ARE
ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. With its headquarters in Minneapolis, Minnesota and offices throughout the United States, ICS provides service nationwide.
RECENT NEWS
The One, Big, Beautiful Bill would provide one, big, beautiful deduction for R&D expenditures
The “One, Big, Beautiful Bill" promises to provide one big deduction for R&D expenditures. Section 111002 aims to provide immediate relief for businesses engaged in research and development activities within the United States. This marks the most promising proposal to walk back the R&D expenditure amortization requirements since they went...
The End of Energy Star and the §45L Tax Credit? Proposed Legislation Threatens Key Programs
The §45L Tax Credit and EnergyStar are currently intertwined. Losing one jeopardizes the other, significantly impacting our ability to build energy-efficient homes. The §45L credit is crucial for our industry's financial viability and environmental progress. Losing EnergyStar would severely hinder our ability to build sustainable housing. The §45L Tax Credit is our country’s last...
Navigating the Complexities of IRC §179D: Why Expert Guidance is Essential
The IRS has updated its Practice Unit on the §179D Energy Efficient Commercial Buildings Deduction. While not official guidance, these units provide valuable insights into IRS audit and enforcement approaches. The latest §179D updates introduce new eligibility rules, compliance requirements, and higher deduction limits. Given the complexity of these provisions...
Potential Pitfalls of Converting Personal Use Property to Investment Use
When converting personal property to investment use, taxpayers must maintain clear documentation of both the original cost and the fair market value at the time of conversion. This documentation is crucial for supporting depreciation deductions and avoiding IRS challenges. In Sherman Derell Smith v. Commissioner, T.C. Memo. 2025-24 (March 24...
Trump Pledges to Restore TCJA Full Bonus Depreciation: What It Means for Building Owners
President Donald Trump signaled a strong commitment to reinstating full bonus depreciation under the Tax Cuts and Jobs Act (TCJA), a provision currently set to phase out by the end of 2026. The reinstatement, according to Trump, would be made retroactively to January 20, 2025. If implemented, this move would...
Maximizing Tax Benefits: Understanding Partial Disposition of Buildings and the Role of Cost Segregation
A partial disposition occurs when a taxpayer disposes of a portion of an asset rather than the entire asset. This can happen during renovations or improvements when parts of the building are replaced or retired. For example, a taxpayer upgrading to energy-efficient LED lighting, installing a new HVAC system, replacing...
NAHB IBS Show 2025 Las Vegas
ICS Tax and ICS Inspectors are exhibiting at the International Builders' Show (IBS) in Las Vegas from February 25–27, 2025. Connect with our team and learn more about how we can support your business with our unique tax planning and home inspection solutions. Our team of HERS raters, engineers, and...
Accounting Methods Webinar November 2024
Alex Bagne, President of ICS, recently hosted a webinar on accounting methods in November 2024. The webinar drew an audience of over 1,000 participants, and we are now contributing our expertise by publishing answers to your accounting methods Accounting methods are the rules used to report income and expenses...
Tax Court Case: Lighting Contractor Failed to Meet Definition of “Designer”, Denied §179D Energy Efficient Commercial Building Property Deduction
In a 2024 case, United States of America v. Oehler et al, the tax court denied the Energy Efficient Commercial Building Deduction under IRC §179D to a lighting contractor for work they performed upon public schools since it failed to meet the definition of a “designer”...