IRS published Notice 2022-61 to explain how taxpayers can meet prevailing wage requirements to obtain higher credits and deductions with the §45L Energy Efficient Home Credit and the §179D Energy Efficient Commercial Building Deduction....
Our company has utilized the services of ICS Tax, LLC for the past two years. Lacy and Michelle are the epitome of professionalism. I would highly recommend their work to other businesses. ...
Alexander Bagne, JD, CPA, MBA, CCSP, is presenting accounting methods at the CCH Connections: User Conference in Tampa, Florida. The conference provides the skills, tools, and community that helps improve tax and accounting professionals. Alex’s presentation explains how accounting methods serve as a powerful mechanism to implement valuable tax strategies as well as how to maintain compliance or remove IRS audit exposure. ...
Travis Cansler-Pitt, Director of ICS Tax, presented at a national real estate conference. His session covered ROIs, tax breaks, and capitalizing on the §45L and §179D deductions to increase cash flow. Travis specializes in tax planning for real estate investors, home builders, and professionals within the construction industry. He is an expert in the §45L Energy Efficient Home Credit as well as the §179D Energy Efficient Commercial Building Deduction. His experience and expertise in tax planning has generated tremendous income tax savings. ...
ASCSP is celebrating 16 years of supporting the Cost Segregation industry by hosting its annual conference in Arlington, Texas. Cost Segregation professionals from ICS Tax, LLC are attending the annual conference to stay abreast of the latest updates within the industry. At ICS, all cost segregation studies are stamped by a Certified Cost Segregation Professional (CCSP), the highest credential in the Cost Segregation industry, which requires seven years and 7,000 hours of relevant Cost Segregation experience, passing of a rigorous exam, and peer review of a prior study....
The existing 179D rules continue through December 31, 2022, with new rules going into effect for property placed in service January 1, 2023. The act increases the 179D deduction while lowering the minimum required savings, and expanding allocations to all tax-exempt entities...