Service Provider: ICS

Overview

Are rising material costs, shifting buyer demographics due to fluctuating interest rates, or increasing code requirements affecting your bottom line? 

At ICS, we specialize in transforming these challenges into opportunities. Through federal tax incentives and programs, we can turn these overhead costs into revenue generating services.

We’ve combined a specialty tax firm with an inspection services firm to ensure comprehensive support from start to finish. With our entire team working under one umbrella, we can assist you at every stage, from A to Z.

Services

• Energy Valuation Program: Provides higher appraised values of energy-efficient homes, leading to increased loan values that can permanently buy down interest rates.
• Local Code Compliance: Energy codes that are mandated by state and local agencies that are responsible for compliance and enforcement.
• HERS Ratings: The nationally recognized system for inspecting and calculating a home’s energy performance.
• Comprehensive Fixed Asset Review: Powerful tax planning strategy that evaluates a taxpayer’s entire depreciation schedule to find a multitude of opportunities to accelerate deductions and vastly improve cash flow.
• 179D Building Deduction: Up to $5.65 per square foot of any commercial build or multifamily builds that are 4 stories or higher. 
• 45L Tax Credit: Up to $5,000 per home/unit.
• Research and Development Tax Credit: Federal tax incentive that rewards taxpayers for increasing investment in U.S.-based research activities.
• Cost Segregation Studies: Accelerating depreciation of buildings by segregating components such as land improvements and personal property from 39 years to shorter lives.

Client Success Stories:

• Apartment Complex: Enhanced a new 220-unit complex’s profitability with $550,000 in 45L tax credits and an additional $847,500 deduction through the 179D Building Deduction.
• Single-Family Homebuilder: Boosted a builder's returns with $600,000 in retroactive 45L Tax Credits and accelerated depreciation benefits through cost segregation, significantly enhancing financial outcomes.
• Large Regional Homebuilder: Assisted a regional homebuilder struggling to meet Energy Star requirements for the 45L Tax Credit. Through our expertise, they achieved compliance and received a $2.5 million tax credit.

We don’t just work for you; we partner with you to explore and leverage every possible tax advantage. Ready to boost your project’s profitability and compliance?

Let’s Connect!
Sophie Papageorge  
Email: sophiep@ics-tax.com  
Phone: 216-906-6859