Learn the latest tax strategies as well as happenings at ICS

Latest News

While many tax breaks have been reduced or expired, Research and Development (R&D) tax credit has been in existence for over 30 years and recently made permanent. The R&D tax credit has generated over $12 billion dollars annually for companies engaging in research activities. While most Fortune 500 firms claim it, many in the construction industry erroneously believe they do not qualify. In fact, only about ten percent of eligible businesses actually take the R&D tax credit....

Alex Bagne, the President of ICS Tax, LLC as well as a former President of the American Society of Cost Segregation Professionals (ASCSP), co-authored an article on the interplay between Qualified Opportunity Funds and Cost Segregation for the ASCSP Summer 2019 Quarterly Newsletter....

While many manufacturing tax breaks have been reduced or have expired, one tax incentive has been in existence for over 30 years and recently made permanent. The Research and Development (R&D) Tax Credit, a dollar-for-dollar tax reduction, has generated over $12 billion dollars annually for companies engaging in research activities....

"Hegg Hospitality engaged ICS to perform a cost segregation study for a hotel that we manage and own. The results surpassed expectations. They made the process as simple as possible, assisting with updating our fixed asset system as well as providing support during tax return preparation. As a result of the study, taxable income was reduced significantly–a true cash savings. There is no substitute to having an engineer by trade involved in a cost segregation study. Thank you ICS team and we look forward to working with you on future projects!"...