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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....

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....

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 strategic partnership allows various training and networking opportunities for ICS Tax with the goal of increasing the firm's presence within the industry....

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 and the §45L Energy Efficient Home Credit....