Jul
16,
2021
Ivan Tan Joins the ICS Tax Team
ICS Tax welcomes Ivan Tan as the Director of Technology and Marketing. His primary focus is business process improvement and market expansion....
Jun
25,
2021
Travis Mlodzik Elected ASCSP President
Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals...
Jun
08,
2021
Biden’s 2022 Tax Proposals Bolster the 45L and 179D Energy Efficiency Tax Incentives
The Department of the Treasury has issued detailed information about the Biden Administration's tax proposals for fiscal-year 2022. If passed, the legislation would make both the 45L Energy Efficient Home Credit and the 179D Energy Efficient Commercial Building Deduction more advantageous....
Apr
13,
2021
Proposed Legislation Would Bolster the 45L and 179D Energy Efficiency Tax Incentives
The ‘Growing Renewable Energy and Efficiency Now’ (GREEN) Act, aims to extend and boost tax incentives for energy efficiency and renewable energy. If passed, the GREEN Act would make both the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction) more advantageous while furthering the green missions of these incentives....
Mar
05,
2021
Brew Up Tax Savings with the R&D Tax Credit
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 income tax depending upon that state's conformity with the federal tax code and as such, may also reduce R&D Tax Credits....
Jan
31,
2021
Despite PPP Loan Forgiveness, State Tax Conformity Rules May Reduce R&D Tax Credits
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 income tax depending upon that state's conformity with the federal tax code and as such, may also reduce R&D Tax Credits....