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 the draft legislation, the tax rates do not go into effect until the 2018 tax year....
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. ...
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 receive bipartisan support....
ICS is pleased to provide services for American Excelsior. American Excelsior supplies excelsior wood fiber products to serve diverse markets and applications. From baled excelsior to Aspen animal bedding to evaporative cooler pads, wood excelsior products have an almost endless list of applications. American Excelsior offers more than 50 different cuts of excelsior fibers to meet even the most specialized applications...
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, ASCSP was created to address the growing need for credentials, technical standards, education, and a Code of Ethics within the cost segregation industry....
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....