Author: Ivan Tax

Latest News

Mar 03, 2025

A partial disposition occurs when a taxpayer disposes of a portion of an asset rather than the entire asset. This can happen during renovations or improvements when parts of the building are replaced or retired. For example, a taxpayer upgrading to energy-efficient LED lighting, installing a new HVAC system, replacing an aging roof, or demolishing old tenant improvements can elect a partial disposition to write off the remaining value of the removed assets in the year of disposal....

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Jan 28, 2025

ICS Tax and ICS Inspectors are exhibiting at the International Builders' Show (IBS) in Las Vegas from February 25–27, 2025. Connect with our team and learn more about how we can support your business with our unique tax planning and home inspection solutions. Our team of HERS raters, engineers, and tax professional will be in the West Hall, booth number W4474...

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Aug 22, 2024

ICS Tax, LLC is thrilled to announce Tiffany Grimmer as its newest partner, who will serve as the Chief Operating Officer. She will continue to reside at its Savage, Minnesota headquarters. Tiffany has been with ICS for eight years, progressing in her career as the operations hub of the organization. She brings over 25 years of experience in business management and stakeholder relations, with an MBA focused on Global Management....

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Jul 02, 2024

Join our exclusive webinar where Laura Steinbrink from Emerald Built Environments hosts an insightful discussion with Alex Bagne, Jason Puffenbarger, and Noe Montalvo from ICS Tax. Topics include: Federal tax incentives (179D, 45L, Cost Segregation, renewable energy tax credit), utility rebates, opportunity zones. How to layer incentives together to maximize benefit....

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Jun 28, 2024

The IRS recently announced several notable changes to the process of claiming the R&D Tax Credit, announcing welcome reductions to requirements for filing amended R&D Credit claims and reduced requirements for the proposed Form 6765. In response to feedback, the IRS has revised the draft Form 6765 and has also waived some of the requirements for refund claims. These changes aim to reduce taxpayer burden while maintaining an improved level of information received for tax administration. The revised Section G of Form 6765 will also be optional for all filers for tax year 2024 and will become effective for tax year 2025....

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