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 those who own real estate. For real estate investors, there are numerous opportunities...

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 those who own real estate...

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 Accountants (AICPA) at their annual Real Estate and Construction Conference in Las Vegas, NV...

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 sponsored a booth and gave away a drone to one lucky attendee...

The House Ways and Means Committee released draft tax reform legislation on November 3, 2017. The Tax Cuts and Jobs Act provides new detail on Republicans’ tax reform framework. It slashes the top corporate tax rate from 35% to 20% as well as significantly reduces tax for most individuals. Under...

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 presented at the Columbus Lighting & HVAC Expo on November 1st...

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. Below is a summary of major changes...

Alex Bagne, the President of ICS Tax, presented on Accounting Methods at the Ohio Institute of Certified Public Accountants in Cincinnati, Ohio. Taxpayers and tax professionals use Accounting Method changes as a powerful mechanism to implement valuable tax strategies as well as to maintain compliance or remove IRS audit exposure...

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...

ICS Tax, LLC (ICS) is pleased to welcome Thomas Fellure as a Senior Engineer, who will be operating out of the new ICS Tax office in Columbus, Ohio...

On July 27, 2017, House Representatives Dave Reichert (R-WA), Earl Blumenauer (D-OR), and Tom Reed (R-NY) introduced new legislation to permanently extend and modify the §179D Energy Efficient Commercial Building Deduction (§179D Deduction). While there has been previous legislation to extend the §179D Deduction beyond 2016, this is the first to...

ICS Tax, LLC (ICS) is excited to announce that its president, Alex Bagne, was elected as the President of the American Society of Cost Segregation Professionals (ASCSP). The ASCSP was founded in 2006 as the preeminent professional society for all members of the cost segregation industry. Headquartered in Washington, DC...