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...

Alex Bagne, the President of ICS Tax, presented on Accounting Methods at the Ohio Institute of Certified Public Accountants in Cincinnati, Ohio. Taxpayers and tax professionals use Accounting Method changes as a powerful mechanism to implement valuable tax strategies as well as to maintain compliance or remove IRS audit exposure...

ICS Tax, LLC (ICS) and the Miami Family Office Association will be presenting on how to find money left on the table through a Comprehensive Fixed Asset Review...

ICS Tax, LLC (ICS) is pleased to welcome Thomas Fellure as a Senior Engineer, who will be operating out of the new ICS Tax office in Columbus, Ohio...

On July 27, 2017, House Representatives Dave Reichert (R-WA), Earl Blumenauer (D-OR), and Tom Reed (R-NY) introduced new legislation to permanently extend and modify the §179D Energy Efficient Commercial Building Deduction (§179D Deduction). While there has been previous legislation to extend the §179D Deduction beyond 2016, this is the first to...

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...

A new study published by a leading regional economic modeling and policy analysis firm published a report on of the economic effects of extending the §179D Energy Efficient Commercial Buildings Tax Deduction. The results are astounding...

ICS Tax, LLC is pleased to announce a strategic partnership with the Construction Industry CPAs/Consultants Association (CICPAC); a national association of accounting firms serving over 11,000 construction companies. Founded in 1989, CICPAC has grown from an alliance of six firms into a nation-wide organization with over 70 member firms. This...

On May 4, 2017, Senator Ron Wyden along with 21 other Senators introduced The Clean Energy for America Act in the Senate. The bill contains several tax incentives that foster both energy efficiency as well as renewable energy, including modifications and extensions for the §179D Energy Efficient Commercial Building Deduction...

ICS Tax is proud to be an exhibitor at the 34th Annual President's Seminar for the Tax Executives Institute. Come visit with the ICS Tax team and learn about specific tax-planning strategies at the MPLS Convention Center today and tomorrow...

The IRS released Notice 2017-6, which better allows taxpayers to take advantage of the Tangible Property Regulations (TPRs). Taxpayers generally are not permitted to make an automatic method change if they made or requested a change for the same item during any of the five tax years ending with the...

The First National Bank Building sign is officially lit after being dark for 10 months. ICS Tax is proud to be a part of this exciting project in Downtown St. Paul...

For many businesses and business owners, the outcome of the 2016 election could be quite rewarding. President-elect Donald Trump proposed $6.2 trillion in tax cuts over the next decade. While it remains uncertain as to whether Trump can get such large tax cuts through Congress, even one controlled by the...

Alex Bagne and Mike Piper are heading to Orlando, Florida to attend the annual conference of the American Society of Cost Segregation Professional (ASCSP)...

ICS Tax is looking forward to presenting information regarding Federal tax incentives for the Dakota Electric Association's Commercial & Industrial Fall Meeting on November 3rd. The DEA is a member-owned, electric utility with more than 100,000 members and ranked among the 25 largest electric distribution cooperatives in the nation...