2023 ASCSP Annual Conference
The American Society of Cost Segregation Professionals (ASCSP) just concluded its annual conference in Washington, DC. ICS Tax, LLC sent three of its cost segregation professionals, Alex Bagne, Roel Vicerra and Luis Barreira to stay abreast of developments within this ever changing industry.
Alex Bagne, a Certified Cost Segregation Professional (CCSP)...
ASCSP Celebrates 16 Years Serving the Cost Segregation Industry
ASCSP is celebrating 16 years of supporting the Cost Segregation industry by hosting its annual conference in Arlington, Texas. Cost Segregation professionals from ICS Tax, LLC are attending the annual conference to stay abreast of the latest updates within the industry. At ICS, all cost segregation studies are stamped by...
Travis Mlodzik, President of the American Society of Cost Segregation Professionals, Represents the ASCSP at the AICPA & CIMA Construction & Real Estate Conference
Travis Mlodzik President of ASCSP will represent the Society at the AICPA & CIMA Construction & Real Estate Conference in Las Vegas. The ASCSP represents the best within the cost segregation industry, and Travis will be there to answer questions about the Society, selecting a cost segregation professional, and cost...
ASCSP Conference 2021
ASCSP completed its annual meeting in Austin, Texas. Travis Mlodzik, the ICS Central Practice Leader and the current ASCSP President, acted as host for the annual conference. Alex Bagne, the President of ICS and former ASCSP President, presented on the Asset Classes of Rev. Proc. 87-56, which details class lives...
Enhancing Opportunity Zone Tax Savings with Cost Segregation
"Maximizing Tax Benefits with Opportunity Zones and Cost Segregation" coauthored by Alex Bagne was recently published by Bloomberg Tax Management Real Estate Journal. Combined, these two tax planning ideas can tremendously increase investment profitability...
Maximizing Tax Benefits with Opportunity Zones and Cost Segregation
Bloomberg Tax published an article written by ICS President, Alex Bagne and two fellow Certified Cost Segregation Professionals titled Maximizing Tax Benefits with Opportunity Zones and Cost Segregation...
A New Look…The American Society of Cost Segregation Professionals Updates Logo and Stamps
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)...
IRS Issued Final Regulations on Sec. 1031 Like-Kind Exchanges, Provides Definition of Real Property, Addresses Taxpayer’s Receipt of Personal Property Incidental to Real Property
The IRS released final regulations providing guidance under IRC Sec. 1031 to implement recent changes for like-kind exchanges. Sec. 1031 allows for the deferral of gain recognition on the sale of business property if the relinquished property is replaced with a similar type of property. Prior to the Tax Cuts...
Additional Tax Benefits for Real Estate Investors under the Coronavirus Aid, Relief, and Economic Security (CARES) Act
As part of a $2 trillion dollar relief package, two provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act benefit many real estate owners...