Insights

Proposed Legislation Titled "Retirement, Savings, and Other Tax Relief Act of 2018" Seeks to Extend §179D and §45L Energy Efficiency Tax Incentives

Journal of Taxation Article Highlights the Need to Hire Competent Cost Segregation Professionals

By Kevin Johnson, CCSP, LEED AP – Midwest Practice Leader

Changing accounting methods may seem as easy as switching a setting in QuickBooks, but it’s a complex process requiring experienced professionals to help organizations deal with the IRS formalities. Some may question if…

While many deductions and credits were repealed by TCJA, the final law preserved the Research and Development ("R&D") tax credit, which was previously made permanent in the Protecting Americans against Tax Hikes ("PATH")…

Peter Reilly of Forbes Magazine recently interviewed Alex Bagne, the President of both ICS Tax, LLC as well as the American Society of Cost Segregation Professionals (ASCSP). It provides great insight into the cost…

ICS Tax welcomes Andrew Archambeau as a Senior Engineer in our Columbus, Ohio practice office.

On Friday, February 9, President Trump signed The Bipartisan Budget Act of 2018, which is a massive budget package that lifts spending caps while funding the government through March 23, 2018. Part of the Act…

The Bipartisan Budget Act of 2018 may retroactively extend §179D Energy Efficient Commercial Building Deduction as well as the §45L Energy Efficient Home Credit, and it might happen soon!!!

With the signing into law of the Tax Cuts and Jobs Act (the “Act”), Congress has enacted the biggest tax reform law in thirty years, one that will make fundamental changes in the taxation of businesses, particularly…

ICS Tax, LLC (ICS) congratulates Kevin Johnson and Thomas Fellure for passing exams administered by the American Society of Cost Segregation Professionals (ASCSP).

With the signing into law of the Tax Cuts and Jobs Act (the “Act”), Congress has enacted the biggest tax reform law in thirty years, one that will make fundamental changes in the taxation of businesses, particularly…

This week, the "Tax Extender Act of 2017" was filed in Senate, which extended several expired tax deductions including §179D Energy Efficient Commercial Building Deduction (§179D Deduction).

Alex Bagne, the President of ICS Tax as well as the President of the American Society of Cost Segregation Professionals (ASCSP), represented this vibrant trade organization at the American Institute of Certified Public…

On November 10, 2017, Alex Bagne, the President of ICS Tax, presented on "Must Know Tax Planning Strategies for the Construction Industry" at a conference hosted by the the Ohio Society of CPAs in Cincinnati, Ohio. ICS…

The House Ways and Means Committee released draft tax reform legislation on November 3, 2017.

Alex Bagne, the President of ICS Tax, presented on “Must Know Tax Planning Strategies for the Construction Industry” alongside Senior Engineer Thomas Fellure and Midwest Practice Leader Kevin Johnson. Our team of experts…

Alex Bagne, the President of ICS Tax, presented on Accounting Methods at the Ohio Institute of Certified Public Accountants in Cincinnati, Ohio.

On September 27, 2017, Donald Trump and the Republican Party released an outline of their tax overhaul plan. While this framework is not law, it shows their vision for both individuals and businesses.

ICS Tax, LLC (ICS) and the Miami Family Office Association will be presenting on how to find money left on the table through a Comprehensive Fixed Asset Review.