Bloomberg Tax published an article written by ICS President, Alex Bagne and two fellow Certified Cost Segregation Professionals titled Maximizing Tax Benefits with Opportunity Zones and Cost Segregation...

ICS Tax, LLC is excited to announce its regional expansion with a new office in Montgomery, Alabama and welcomes Adam Finesilver, CPA,who will lead the new Southeast Office as its Regional Director...

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)...

ICS Tax welcomes Ivan Tan as the Director of Technology and Marketing. His primary focus is business process improvement and market expansion...

Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals...

The Department of the Treasury has issued detailed information about the Biden Administration's tax proposals for fiscal-year 2022. If passed, the legislation would make both the 45L Energy Efficient Home Credit and the 179D Energy Efficient Commercial Building Deduction more advantageous...

The ‘Growing Renewable Energy and Efficiency Now’ (GREEN) Act, aims to extend and boost tax incentives for energy efficiency and renewable energy. If passed, the GREEN Act would make both the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction) more advantageous...

While the Consolidated Appropriations Act, 2021 clarified that expenditures paid with forgiven Paycheck Protection Program loan proceeds are deductible for federal income tax, the relief may be short-lived for state income tax depending upon that state's conformity with the federal tax code and as such, may also reduce R&D Tax...

While the Consolidated Appropriations Act, 2021 clarified that expenditures paid with forgiven Paycheck Protection Program loan proceeds are deductible for federal income tax, the relief may be short-lived for state income tax depending upon that state's conformity with the federal tax code and as such, may also reduce R&D Tax...

The passing of the latest coronavirus relief bill titled the 'Consolidated Appropriations Act, 2021' ("CAA 2021") made permanent the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and extended the §45L Energy Efficient Home Credit (§45L Credit) through December 31, 2021...

If signed into law, the latest coronavirus relief bill titled the 'Consolidated Appropriations Act, 2021' ("CAA 2021") would make the §179D Deduction permanent and extend the §45L Credit through 2021...

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...

NOL rules frequently change and are oftentimes not favorable to a taxpayer. Prior to the CARES Act, the TCJA would not allow NOLs to be carried back and only 80% of NOL carryforwards would be allowed to offset taxable income effective for tax years commencing January 1, 2018...

The §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit are valuable tax incentives that encourage energy efficient design in both commercial and residential construction set to expire at the end of 2020. However the Extender Coalition seeks to extend them...

ICS Tax Welcomes Andrew Archambeau Back from Tour in Afghanistan...