Cost Segregation/Fixed Asset Review

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) and the past ASCSP President, lead several sessions which covered the Alternative Depreciation System, updates to the 179D commercial and 45L residential energy efficiency incentives, and an Anatomy of a Cost Segregation Audit. He also reprised his role of Alex “TreBagne” and hosted Cost Segregation Jeopardy....

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....