Due to COVID-19 concerns, the IRS has provided temporary procedures that allow taxpayers to fax the required duplicate copy of Form 3115, Application for Change in Accounting Method, when making an accounting method change using the automatic consent procedures....
Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...
The CARES Act makes taxpayer-friendly changes to NOL carryforward rules commencing January 1, 2018....
ICS was easy to work with and we were able to secure more allocation letters than ever before. Most importantly, we were able to file our taxes on time and didn’t have to file for an extension. We highly recommend ICS and look forward to working with them for years to come....
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....