Author: Ivan Tax

Jun 10, 2025

The §45X Advanced Manufacturing Production Credit offers one of the most powerful federal incentives available to domestic manufacturers of clean energy components. The credit was introduced in 2022 as part of the Inflation Reduction Act, yet many manufacturers are still unaware of how much value is at stake. Many do not realize how urgent it is to act, as the §45X Credit can only be claimed on a timely filed original return. That means no amended returns, no retroactive elections, and no second chances. To take advantage of §45X, it is essential to understand and prepare for its compliance requirements now, before the next filing deadline....

May 30, 2025

The House of Representatives passed a sweeping Republican-backed bill that would eliminate the 30% residential solar tax credit (§25D of the U.S. Tax Code) by the end of 2025. The legislation, which also includes major tax, budget, and immigration reforms, faces an uncertain future as it heads to the Senate, where bipartisan support for clean energy incentives could complicate its path forward....

May 14, 2025

The §45L Tax Credit and EnergyStar are currently intertwined. Losing one jeopardizes the other, significantly impacting our ability to build energy-efficient homes. The §45L credit is crucial for our industry's financial viability and environmental progress. Losing EnergyStar would severely hinder our ability to build sustainable housing. The §45L Tax Credit is our country’s last remaining federal incentive for residential builders....

May 13, 2025

We had an excellent experience working with ICS on our 179D energy tax deduction project. Their team was knowledgeable, responsive, and extremely thorough in their reporting. They helped us maximize our deduction and the process was very smooth. We appreciated their expertise and would gladly work with them again....

May 7, 2025

We are very pleased with our experience with ICS Tax! It was a win win for all involved. We are excited for the new alliance, and looking for other clients we can point in their direction. Allyson Chaudier. Vice President...

May 2, 2025

The ICS team is knowledgeable, responsive, and highly skilled at uncovering tax-saving opportunities that benefit our business. They made the entire process seamless, from the initial consultation to the final results, and helped us unlock significant deductions and credits. We anticipate continuing to rely on their expertise and professionalism in the future....

Apr 28, 2025

It has been a pleasure working with ICS Tax on the projects they have completed for us. They were very responsive, knowledge and available for questions throughout the entire process of completing our Cost Seg reports in a timely manor....

Mar 31, 2025

The IRS has updated its Practice Unit on the §179D Energy Efficient Commercial Buildings Deduction. While not official guidance, these units provide valuable insights into IRS audit and enforcement approaches. The latest §179D updates introduce new eligibility rules, compliance requirements, and higher deduction limits. Given the complexity of these provisions, non-compliance can increase audit risks. Engaging qualified tax professionals and engineers is crucial to ensuring compliance and maximizing deductions....