Cost Segregation/Fixed Asset Review

Latest News

Feb 04, 2018

With the signing into law of the Tax Cuts and Jobs Act (the “Act”), Congress has enacted the biggest tax reform law in thirty years, one that will make fundamental changes in the taxation of businesses, particularly those who own real estate. For real estate investors, there are numerous opportunities to reduce tax, but there are also several misconceptions....

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Dec 22, 2017

With the signing into law of the Tax Cuts and Jobs Act (the “Act”), Congress has enacted the biggest tax reform law in thirty years, one that will make fundamental changes in the taxation of businesses, particularly those who own real estate....

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Nov 03, 2017

The House Ways and Means Committee released draft tax reform legislation on November 3, 2017. The Tax Cuts and Jobs Act provides new detail on Republicans’ tax reform framework. It slashes the top corporate tax rate from 35% to 20% as well as significantly reduces tax for most individuals. Under the draft legislation, the tax rates do not go into effect until the 2018 tax year....

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Sep 27, 2017

On September 27, 2017, Donald Trump and the Republican Party released an outline of their tax overhaul plan. While this framework is not law, it shows their vision for both individuals and businesses. Below is a summary of major changes....

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Jun 20, 2017

ICS Tax, LLC (ICS) is excited to announce that its president, Alex Bagne, was elected as the President of the American Society of Cost Segregation Professionals (ASCSP). The ASCSP was founded in 2006 as the preeminent professional society for all members of the cost segregation industry. Headquartered in Washington, DC, ASCSP was created to address the growing need for credentials, technical standards, education, and a Code of Ethics within the cost segregation industry....

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