ICS Tax Engagement Review: We needed to stay open because people live here, which was challenging especially since we had to close our doors to visitors, family and friends. ICS did a fabulous job helping us claim these tax credits. Thank you...
Our latest ERC experience includes an assisted living community that was mandating to stop showing its facilities to potential residents and otherwise lost revenues due to COVID-19-related issues. ICS analyzed their eligible wages and calculated their ERC claim for the 2020 calendar year. The total eligible wages were $519,635, which qualified for a total credit of $259,567 for the year 2020....
An accounting method refers to the set of rules used to report income and expenses for taxation purposes. Alex Bagne recently held a webinar on accounting methods and we are providing answers to your accounting methods questions...
The IRS announced more requirements are necessary for Research Credit Claims for Refunds. New rules are effective January 10, 2022 with a transition and grace period....
An accounting method refers to the set of rules used to report income and expenses for taxation purposes. Alex Bagne recently held a webinar on accounting methods and we are providing answers to your accounting methods questions...
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 segregation best practices....
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 of assets necessary to compute depreciation....
"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....
ICS Tax, LLC is excited to announce its regional expansion with a new office in Montgomery, Alabama and welcomes Adam Finesilver, CPA,who will lead the new Southeast Office as its Regional Director....
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)....