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)....
Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals...
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 and Jobs Act (TCJA), both personal property and real property qualified for like-kind exchange treatment, but now only real property qualifies....
ICS Tax Welcomes Andrew Archambeau Back from Tour in Afghanistan...
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....
The primary mission of American Society of Cost Segregation Professionals (ASCSP) is to create quality standards for the cost segregation industry. As part of this role, it identifies and clarifies misconceptions. The ASCSP published an article that corrects several errors in a recent publication by the Forbes Finance Council....