Insights

As mandated by the One Big Beautiful Bill Act of 2025, the §45L Energy Efficient Home Credit will no longer apply to homes sold or leased after June 30, 2026.

The One Big Beautiful Bill Act ended the 179D deduction in 2026. To qualify for the §179D deduction, construction must begin before June 30, 2026.

OBBBA updates to the §45X credit include domestic-content rules, foreign-entity restrictions, and faster phase-outs for wind and coal, while maintaining incentives for solar, battery, and critical mineral manufacturing.

Restore full expensing for domestic R&D costs starting in 2025 under new §174A. ICS Tax helps businesses maximize R&D credits and navigate new IRS documentation rules.

With the passage of the One Big Beautiful Bill Act (OBBBA), 100% bonus depreciation was made permanent for qualified property acquired after January 19, 2025. This legislative change significantly enhances the…

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…

The House passed a Republican-backed bill that would end the 30% residential solar tax credit under §25D at the end of 2025 and accelerate the phase-out of the §48E commercial solar credit.

The “One, Big, Beautiful Bill" promises to provide a big deduction for R&D expenditures.

The ENERGY STAR program currently saves Americans more than $40 billion per year in energy costs, but is at risk of being completely dismantled by the Trump administration. The future of energy-efficient, accountable…

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…

The IRS has updated its Practice Unit on the §179D Energy Efficient Commercial Buildings Deduction.

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…

President Donald Trump signaled a strong commitment to reinstating full bonus depreciation under the Tax Cuts and Jobs Act (TCJA), a provision then set to phase out by the end of 2026. The reinstatement, according…

A partial disposition occurs when a taxpayer disposes of a portion of an asset rather than the entire asset.

Alex Bagne, President of ICS, recently hosted a webinar on accounting methods in November 2024.

The EPA has established a transition schedule to advance the minimum program requirements for ENERGY STAR certification in states that have adopted the 2021 international Energy Conservation Code (IECC), or an…

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…

ICS Tax, LLC is thrilled to announce Tiffany Grimmer as its newest partner, who will serve as the Chief Operating Officer.

Join our exclusive webinar where Laura Steinbrink from Emerald Built Environments hosts an insightful discussion with Alex Bagne, Jason Puffenbarger, and Noe Montalvo from ICS Tax. Topics include: Federal tax incentives…

The IRS recently announced several notable changes to the process of claiming the R&D Tax Credit, announcing welcome reductions to requirements for filing amended R&D Credit claims and reduced requirements for the…