Accounting Methods | Cost Segregation + Fixed Asset Review | Employment Incentives | Energy Efficiency Incentives | R&D Tax Credit

Mike Piper Joins Real Estate for Breakfast Podcast

CEO Mike Piper joined the Real Estate for Breakfast podcast to explain Public-Private Partnerships (P3s) and tax strategies. Mike shared his wealth of expertise regarding beneficial tax tactics to both public and private entities who invest in student housing facilities...

Tax Reform is Here: What You Must Know About Accounting Methods

Simply put, accounting methods are how income and expenses are reported for tax purposes. Changing a taxpayer’s accounting method may seem as easy as switching a setting in QuickBooks, but it’s actually a complex process that requires knowledgeable, experienced professionals to help organizations deal with the required IRS formalities...

What Does the Tax Cuts and Jobs Act of 2017 (“TCJA”) Mean for the R&D Tax Credit?

While many deductions and credits were repealed by TCJA, the final law preserved the Research and Development (“R&D”) tax credit, which was previously made permanent in the Protecting Americans against Tax Hikes (“PATH”) Act of 2015...

ICS Tax President Alex Bagne Interviewed by Forbes Magazine

Peter Reilly of Forbes Magazine recently interviewed Alex Bagne, the President of both ICS Tax, LLC as well as the  American Society of Cost Segregation Professionals (ASCSP). It provides great insight into the cost segregation industry as well as highlights the need to hire a competent Cost Segregation provider...

ICS Tax Welcomes Andrew Archambeau as Cost Segregation Senior Engineer

ICS Tax welcomes Andrew Archambeau as a Senior Engineer in our Columbus, Ohio practice office. After graduating in 2014 from the University of Cincinnati with a Bachelor of Science degree in civil engineering, Andrew began his career in specialized tax consulting...

Trump Signs Spending Deal, Extends §179D Commercial and §45L Residential Energy Efficiency Incentives

On Friday, February 9, President Trump signed The Bipartisan Budget Act of 2018, which is a massive budget package that lifts spending caps while funding the government through March 23, 2018. Part of the Act retroactively extends the §179D Energy Efficient Commercial Building Deduction as well as the §45L Energy...

The Bipartisan Budget Act of 2018 may Retroactively Extend Energy Efficiency Incentives

The Bipartisan Budget Act of 2018 may retroactively extend §179D Energy Efficient Commercial Building Deduction as well as the §45L Energy Efficient Home Credit, and it might happen soon!!!...

Tax Reform and Real Estate Investors: Insights and Misconceptions

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...

Kevin Johnson and Thomas Fellure Pass Rigorous ASCSP Exams

ICS Tax, LLC (ICS) congratulates Kevin Johnson and Thomas Fellure for passing exams administered by the American Society of Cost Segregation Professionals (ASCSP)...

Tax Reform: What Real Estate Investors Must Know

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...

Proposed Legislation to Extend the §179D Energy Efficient Commercial Building Deduction

This week, the "Tax Extender Act of 2017" was filed in Senate, which extended several expired tax deductions including §179D Energy Efficient Commercial Building Deduction (§179D Deduction)...

ASCSP President Alex Bagne Represents Cost Segregation Professionals at AICPA Real Estate and Construction Conference in Las Vegas

Alex Bagne, the President of ICS Tax as well as the President of the American Society of Cost Segregation Professionals (ASCSP), represented this vibrant trade organization at the American Institute of Certified Public Accountants (AICPA) at their annual Real Estate and Construction Conference in Las Vegas, NV...

ICS Tax Presents at the Ohio Society of Certified Public Accountants in Cincinnati, Ohio

On November 10, 2017, Alex Bagne, the President of ICS Tax, presented on "Must Know Tax Planning Strategies for the Construction Industry" at a conference hosted by the the Ohio Society of CPAs in Cincinnati, Ohio. ICS sponsored a booth and gave away a drone to one lucky attendee...

Draft Tax Reform Released: Now is the Time to Accelerate Deductions

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...

ICS Tax Presents at the Columbus Lighting & HVAC Expo

Alex Bagne, the President of ICS Tax, presented on "Must Know Tax Planning Strategies for the Construction Industry" alongside Senior Engineer Thomas Fellure and Midwest Practice Leader Kevin Johnson. Our team of experts presented at the Columbus Lighting & HVAC Expo on November 1st...