Insights

ICS Inspectors, LLC welcomes Jacob Hooper as a Regional Manager of Inspections for our rapidly growing Northwest Office in the State of Washington.

How can real estate developers and building owners can decrease their tax liabilities by utilizing several often-overlooked tax planning strategies. 179D deductions, 45L Tax Credit, 1031 exchanges

Maximizing Tax Benefits with Opportunity Zones and Cost Segregation. Powerful tax strategies to help reduce, defer income taxes and increase profitability

ICS Tax, LLC is excited to announce its regional expansion with a new office in Montgomery, Alabama and welcomes Adam Finesilver, CPA,who will lead the new Southeast Office as its Regional Director.

The American Society of Cost Segregation Professionals (ASCSP) has recently updated its logo as well as the stamps used by Certified Cost Segregation Professionals (CCSPs).

ICS Tax welcomes Ivan Tan as the Director of Technology and Marketing. His primary focus is business process improvement and market expansion.

The Department of the Treasury has issued detailed information about the Biden Administration's tax proposals for fiscal-year 2022.

Proposed GREEN Act aims to bolster both the 45L Energy Efficient Home Credit and the 179D Energy Efficient Commercial Building Deduction tax incentives.

While brewing up signature styles of beer is key to their creators' minds, the Research & Development (R&D) Tax Credit can save the craft brewing industry significant tax dollars where brewers can all say, "Hop Hop…

While the Consolidated Appropriations Act, 2021 clarified that expenditures paid with forgiven Paycheck Protection Program loan proceeds are deductible for federal income tax, the relief may be short-lived for state…

The passing of the latest coronavirus relief bill titled the 'Consolidated Appropriations Act, 2021' ("CAA 2021") made permanent the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and extended the…

The §45L Energy Efficient Home Credit (§45L Credit) is a valuable tax incentive that encourages energy efficient design in residential construction.

The §45L Energy Efficient Home Credit (§45L Credit) is a valuable tax incentive that encourages energy efficient design in residential construction.

If signed into law, the latest coronavirus relief bill, the 'Consolidated Appropriations Act, 2021' ("CAA 2021"), would make the §179D Deduction permanent and extend the §45L Credit through 2021.

The IRS released final regulations providing guidance under IRC Sec. 1031 to implement recent changes for like-kind exchanges.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, was signed into law providing taxpayer favorable treatment of Net Operating Losses ("NOLs") as well as the Paycheck Protection Program…

The §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit are valuable tax incentives that encourage energy efficient design in both commercial and residential construction set to…

The most recent edition of Accounting Today chronicles a lawsuit instituted by Arrowhead Systems Inc., a small Wisconsin manufacturer, against their CPA.

Due to COVID-19 concerns, the IRS has provided temporary procedures that allow taxpayers to fax the required duplicate copy of Form 3115, Application for Change in Accounting Method, when making an accounting method…

Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...the "Taxpayer Certainty and Disaster Tax Relief Act of 2019" seeks to extend the §179D Energy…