ICS Tax

ICS Tax, LLC is a national firm that identifies credits and incentives as well as provides innovative ideas to reduce tax liabilities and bolster profitability.

[ICS Tax @ICS_Tax]

United States of America v. Oehler et al, the tax court denied the Energy Efficient Commercial Building Deduction under IRC §179D to a lighting contractor for work they performed upon public schools since it failed to meet the definition of a “designer”. https://t.co/PmIFvzqHyL

[ICS Tax @ICS_Tax]

IRS Released Final Regulations for Satisfying Prevailing Wage and Apprenticeship Requirements for Green Tax Incentives https://t.co/aVwD001umq

[ICS Tax @ICS_Tax]

The IRS recently released Announcement 2024-24, notifying taxpayers that Reference Standard 90.1-2022 is the applicable reference standard required under the §179D Deduction https://t.co/UEliJ5rQXd

[ICS Tax @ICS_Tax]

As we enter the Memorial Day weekend, we at ICS unite to commemorate the memory and extend our sincerest appreciation for those who serve.

[ICS Tax @ICS_Tax]

The recent MBJ v. Commissioner ruling highlights the important role of contract language in determining eligibility for R&DTax Credits. MBJ, a structural engineering firm, had $190,000 in credits disallowed due to inadequate contract language. https://t.co/j3eQferiY7

[ICS Tax @ICS_Tax]

A recent Tax Court ruling in Scott Moore v. Commissioner serves as a reminder of the important role documentation plays in supporting claims for Research & Development Tax Credits. https://t.co/JTm3t6ncWZ

[ICS Tax @ICS_Tax]

@ICS_Inspectors ICS congratulates Coval Homes for being recognized as 'April 2024 RESNET® HERS® Index Builder of the Month'. We are proud to be your HERS Rating company and look forward to your continued excellence.

[ICS Tax @ICS_Tax]

@ICS_Inspectors ICS congratulates Coval Homes for being recognized as 'April 2024 RESNET® HERS® Index Builder of the Month'. We are proud to be your HERS Rating company and look forward to your continued excellence.

[ICS Tax @ICS_Tax]

Last Thursday the Senate Finance Committee held a hearing on the Biden 2025 Budget Proposal. Urging for more aggressive incentivization of R&D in the US, which falls short in incentivizing R&D when compared to countries, specifically China. https://t.co/AhzMPH2hX7

[ICS Tax @ICS_Tax]

The §179D Deduction maximum benefit was increased to $5.65 per square foot in 2024! https://t.co/NwYp71ZXo0

[ICS Tax @ICS_Tax]

Proposed tax act changes the period for when companies must start the 5 year period for the deduction of research expenditures from tax years beginning after Dec 31, 2021, to tax years beginning after Dec 31, 2025. https://t.co/QBDJiWepDq

[ICS Tax @ICS_Tax]

The short-term rental loophole allows investors in vacation homes and similar properties to offset wage income with accelerated tax deductions generated by cost segregation studies. https://t.co/6CyXrw4qfu

[ICS Tax @ICS_Tax]

Our all hands retreat in Houston, Texas was spectacular. Everyone from both ICS Tax and ICS Inspectors met, collaborated, and truly had an excellent time together. Together, we are confident and poised to be industry leaders.

[ICS Tax @ICS_Tax]

ICS attended the ACSPS conference with 3 cost segregation professionals, Alex Bagne, Roel Vicerra and Luis Barreira to stay abreast of developments within this ever changing industry.https://t.co/U6RjvpuJcz

[ICS Tax @ICS_Tax]

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[ICS Tax @ICS_Tax]

The IRS released an advance version of Notice 2023-63 with guidance on what costs will qualify as specified research and experimental expenditures and how to treat short years, acquisitions and dispositions under Section 174.https://t.co/2Jc0rWInr5

[ICS Tax @ICS_Tax]

An Internal Revenue Service news release announced that the IRS would halt processing new Employee Retention Credits (ERC). The moratorium, beginning September 14, 2023, is expected to run through at least the end of the year. https://t.co/1uu7S4PWSG

[ICS Tax @ICS_Tax]

Throughout construction from design input to energy efficient appraisals, we're here to help you follow through on what's important, lucrative construction practices. ICS, DigiBuild, and the Home Building Energy Efficiency Academy are partnering together to change the industry.

[ICS Tax @ICS_Tax]

ICS Tax, LLC is pleased to announce that Roel Vicerra has joined our team as a Cost Segregation Senior Manager. Based in Houston, Texas, Roel brings over a decade of experience in the cost segregation industry. https://t.co/LlMAA4RyEg

[ICS Tax @ICS_Tax]

ICS Welcomes Peter Wazlawik as Regional Director in Memphis Tennessee https://t.co/frdWXv9cql