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
New Guardrails and Phase-outs for the §45X Advanced Manufacturing Credit
The One Big Beautiful Bill Act introduces key updates to the §45X Advanced Manufacturing Credit, including new domestic-content rules, accelerated phase-outs for wind and metallurgical coal, and restrictions on foreign-entity involvement. Solar, battery, and critical mineral producers still benefit, but strategic planning is now essential...
Immediate Expensing Returns for Domestic R&D Tax Credit
The One Big Beautiful Bill Act (OBBBA) reestablishes same-year deductions for domestic research expenses beginning in 2025. Under new IRC §174A, U.S. companies can fully expense qualified R&D costs immediately, significantly improving the cash flow benefits of innovation investments. Foreign research, however, remains subject to 15-year amortization. Optional 60-month amortization...
OBBBA Makes 100% Bonus Depreciation Permanent
With the passage of the One Big Beautiful Bill Act (OBBBA), 100% bonus depreciation was made permanent for qualified property placed in service after January 19, 2025. This legislative change significantly enhances the value of cost segregation, a proven tax strategy that accelerates depreciation deductions by identifying and reclassifying building...
The §45X Advanced Manufacturing Production Tax Credit: Why Timely Filing Is Critical
The §45X Advanced Manufacturing Production Credit offers one of the most powerful federal incentives available to domestic manufacturers of clean energy components. The credit was introduced in 2022 as part of the Inflation Reduction Act, yet many manufacturers are still unaware of how much value is at stake. Many do...
House Passes GOP Bill Targeting Solar Tax Credits
The House of Representatives passed a sweeping Republican-backed bill that would eliminate the 30% residential solar tax credit (§25D of the U.S. Tax Code) by the end of 2025. The legislation, which also includes major tax, budget, and immigration reforms, faces an uncertain future as it heads to the Senate...
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...