Business, Free News Articles, Taxes and Accounting

ICS Welcomes Adam Finesilver CPA to the New Alabama Office

MONTGOMERY, Ala. -- ICS Tax, LLC is excited to announce its Southeast regional expansion with a new office in Montgomery, Alabama. ICS welcomes Adam Finesilver, CPA as its Regional Director. Adam brings over 13 years of experience providing tax advisory services to clients in real estate, financial and professional services industries. He graduated Summa Cum Laude, earned a Master of Accountancy, and has devoted his time to public accounting since 2007.

Adam said he "is thrilled to join ICS Tax to better serve his clients with tax saving opportunities such as cost segregation, 45L credits and R&D tax credits." In his role, he will be collaborating with taxpayers and tax professionals to identify credits, deductions, and incentives that can significantly reduce tax liabilities and increase profitability.

Montgomery, Alabama has been home to Adam for the past twenty years, where he resides with his wife and three young children. He has given back to his community by serving on the Montgomery Chamber of Commerce and as ambassador for the Alabama Society of Certified Public Accountants (ASCPA).

The new ICS Tax, Montgomery Alabama office is fully supported by a team of nationwide engineers and tax consultants. Adam is poised and ready to lower your tax liabilities!


ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies and specializes in both the 45L and 179D tax incentives. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. ICS provides nationwide service through its offices located throughout the country.

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Business, Free News Articles, Taxes and Accounting

KROST Acts as Exclusive Financial Advisor for Integrity Bio in Sale to Curia

LOS ANGELES, Calif. -- Integrity Bio, Inc., a privately held formulation and fill-finish organization headquartered in Camarillo, California, was sold to Curia (formerly Albany Molecular Research, Inc. (AMRI)), a Contract Development and Manufacturing Organization (CDMO) and leading global provider of advanced contract research, development, and manufacturing solutions. KROST, a Los Angeles-based firm, acted as the exclusive financial advisor to Integrity Bio in the transaction.

Integrity Bio is known in the biopharmaceutical industry as an expert in hard-to-formulate biologics and fill-finish of unique therapies for phase I and phase II clinical trials. Integrity Bio formulates more than 60 large molecules in a typical year, including proteins, antibodies, lipid nanoparticles, peptides, and vaccines in liquid and lyophilized form. Curia currently provides customers with integrated solutions from formulation development through fill-finish commercial manufacturing across three facilities. The acquisition adds West Coast operations to Curia's East Coast and overseas capabilities.

Integrity Bio has been a client of KROST for ten years, during which time KROST provided Tax, Accounting, Consulting, R&D Tax Credit, Cost Segregation, and now, Mergers and Acquisitions services. KROST's service model is designed to guide and support businesses throughout their lifecycle, from early-stage start-ups to succession and exit planning.

KROST's M&A practice is led by industry veteran, Paren Knadjian, who joined the firm in 2017. Knadjian has nearly 25 years of experience in mergers and acquisitions, equity and debt financing. He has closed over $1.5 billion in transaction value throughout his career. As the leader of the firm's technology industry niche, Paren also assists companies in the business of technology and life sciences innovation.

"We have been advising Integrity Bio, its owners and management team for over 10 years. So when they were considering a sale, they turned to us to help them with deal value, deal structure, due diligence, accounting and tax matters, and transactional support. This acquisition comes at a meaningful time for the country. The work that Integrity Bio is doing, and will continue to do as part of Curia, will contribute to life-changing cures for health issues, much like we experienced in the last year and a half. This acquisition is not just a transaction; it has a huge impact on people's lives across the globe. I am thrilled we were able to assist Integrity Bio with this transition into their next chapter and look forward to seeing what Curia will do with their added capabilities," remarked Paren Knadjian.

"We would like to thank the KROST team - they were invaluable in this transaction, and we relied on them enormously," said Michael Reilly, CEO of Integrity Bio. "As part of Curia, we can now offer our customers not only world-class formulation and fill-finish but also world-class commercial manufacturing."

For more information about KROST's mergers and acquisitions, as well as capital markets services, visit or contact Paren Knadjian.

For information about this transaction, please contact:

Paren Knadjian

Practice Leader - M&A and Capital Markets



KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management.

Twitter: @KROSTCPAs

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Business, e-Commerce, Free News Articles, Taxes and Accounting

Fanplayr Receives SOC 2 Type 2 Certification for Data Security Processes from American Institute of CPAs

PALO ALTO, Calif. -- Fanplayr, a global leader in online behavioral personalization, artificial intelligence and user privacy, announces it has successfully achieved the Service Organization Control (SOC) 2 Type 2 certification.

Developed by the American Institute of CPAs (AICPA), SOC 2 reports are intended to meet the needs of businesses that need detailed information and assurance about the controls at a service organization. The certification defines criteria for managing customer data based on five "trust service principles" - security, availability, processing integrity, confidentiality and privacy.

SOC 2 Type 2 is an audit or recertification of the controls put in place which confirms suitability of the design and operating effectiveness and will generally provide a greater level of trust to a customer or business partner due to the increased visibility of systems in action.

Fanplayr has been recertified specifically for Security, Confidentiality, and Availability.

"We have an excellent track record of protecting data," says Simon Yencken, CEO and co-founder of Fanplayr. "With data breaches continuing to be a worldwide problem, we cannot overstate the importance of maintaining safeguards to ensure the security of our customers' data."

Since acquiring and maintaining SOC 2 certifications can be relatively costly and time consuming, the process signals Fanplayr's commitment to continue working with major companies who require SOC 2 compliance or proof of equivalent safeguards.

"The SOC 2 certification is recognized and respected worldwide," said Rajiv Sunkara, CTO and co-founder of Fanplayr. "Establishing and maintaining SOC 2 compliance on an annual basis ensures everything we do is focused on the needs of our customers and the privacy of their data."

About Fanplayr

Fanplayr is a global leader in e-commerce behavioral data, using machine learning and AI to enable businesses to increase conversion rates and revenue, collect more leads, and retarget visitors with personalized recommendations during and after the shopping experience. Fanplayr is headquartered in Palo Alto, California with offices in New York, Buenos Aires, Brazil, Mexico, Milan, London, Manchester, Amsterdam, Stockholm, Hamburg, Melbourne and Tokyo.

Learn more at:

Media Contact:

Lacy Talton

(252) 467-5220

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Business, Free News Articles, Taxes and Accounting

The IRS Collection is Now Back and Sending Final Intent to Levy Notices – Ace Plus Tax Resolution Suggests Tax Relief Strategies

LOS ANGELES, Calif. -- James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, underlines that the IRS is starting its collection actions by sending Final Intent to Levy notices, and urges taxpayers to act with tax relief strategies.

The IRS collection enforcement is now back! The IRS switched its lenient position during COVID-19 and has now started sending millions of Final Notices of Intent to Levy (Letter 11 or LT11) from June 15, 2021. Its Automated Levy and Systematic Lien Programs were halted since April 2020 due to COVID, but these programs have now returned. It's time to take action to protect your bank accounts, wages, and other assets and income from the IRS!

A levy occurs when the IRS collects the back taxes by seizing delinquent taxpayers' real or personal properties. Typically, levies are made on financial accounts held for them by others, such as a bank, a stockbroker, or an employer. Levies can be placed on bank accounts, social security benefits, and retirement income.

If anyone wishes to appeal this proposed levy action, Form 12153, "Request for a Collection Due Process or Equivalent Hearing," has to be sent to the IRS within 30 days from the receipt of LT11.

About 45 days after Letter 11 is issued, a levy will take place if the taxpayer has not contacted the IRS for resolution. The IRS computer sends levy notices to any financial institution suspected of holding funds under its Social Security numbers or names, or to any employers or contractors who have filed a W-2 or 1099 form showing they have paid them in the past. In addition to any properties, a levy can attach to any future federal tax refunds or state income tax refunds that they are to receive, in order to satisfy the federal tax liability.

James Cha, CPA, CTRS, says that "It is critical for the taxpayers to understand where they are in the collection process. Any delinquent taxpayers are highly recommended (or strongly urged) to start working out a deal with the IRS as soon as possible."

Upon receiving Letter 11, here are some critical points to consider:

* Get any missing returns filed as soon as possible to be in compliance.

* Respond to the notices or letters, and seek professional tax help for the best possible resolution options.

* Respond to IRS requests in a timely fashion.

Additionally, James states "It is also worth noting that I expect that the IRS will continue to hire many more new employees to ramp up its enforcement actions". In 2021, the IRS has already announced plans to hire 87,000 new employees, doubling their workforce over the next six years. The current administration has pledged $80 billion toward enforcement activities over the next ten years.

Tax Reliefs

In the case where the taxpayer is approached by the IRS for back taxes, the best possible course of action might be to adopt an approach to deal with the issue tactfully without panicking.

James believes "the best course of action is to see if they qualify for any tax relief options." However, this can only be done after delinquent tax returns have been filed and all current income tax or payroll tax deposits have been paid.

Businesses or individuals can settle their taxes substantially less than they owe through an Offer in Compromise if they qualify. Financial inability to pay is the most common reason an Offer is accepted, but it must be supported by and verified with well-prepared financial documents and statements.

Or, through an Installment Agreement, businesses or individuals may set up an affordable payment plan to pay off the back taxes. If they qualify for a Partial Payment Installment, they will not be paying off the full amount, as the balance left at the end of the payment term will be forgiven. Strategizing is crucial when submitting an application in order to maximize the benefit.

Also, they may be able to halt IRS collection actions by declaring a Currently Not Collectible status. To qualify for this status, they must prove they have a dire financial situation and none to very little income. The IRS will put a pause on their attempt to collect payment until the financial situation improves.

Lastly, business owners who have fallen behind on their Payroll Tax Obligations need to figure out the best method to protect themselves and deal with the IRS.

The Final Words

There are numerous tax relief options that are put forth by the government, but individuals and business owners should seek an experienced tax relief specialist who can strategize, take full advantage, and save considerable sums of money for taxpayers.

Ace Plus Tax Resolution provides permanent solutions to taxpayers with IRS and state tax problems. James Cha is a CPA and Certified Tax Resolution Specialist(r) at Ace Plus Tax Resolution, has been representing his clients and dealing with the IRS for over 30 years. His practice is in Los Angeles, but his clients are all across the nation.

Contact him at (213) 600-7388 or for a free consultation.

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Business, Free News Articles, Taxes and Accounting

Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals

SAVAGE, Minn. -- Travis Mlodzik, Central Practice Leader for ICS Tax, LLC has been elected President of the American Society of Cost Segregation Professionals (ASCSP). Cost Segregation is a tremendously valuable tax planning strategy for real estate investors. The ASCSP provides education, credentialing, and a code of ethics for its members while representing the very best professionals in the cost segregation industry.

When discussing what joining the ASCSP has meant, Travis stated it's "one of the best decisions I have made for both my professional and personal growth. The ASCSP has highly respected individuals from this niche industry within its membership and being able to network and learn from them has only made the industry stronger and more prominent."

On his personal growth, Travis says, "Since joining the ASCSP, I have gained confidence in my skill set, tax knowledge, communication skills and presenting how Cost Segregation can benefit taxpayers."

Travis adds, "I am truly humbled and honored to be recognized and elected by my peers for the Presidency of the ASCSP."

Since 2012, Travis has been an active member in the ASCSP and earned his Certified Member credentials in 2014. Travis currently chairs the Membership Committee, co-chairs the Education Committee, and assists the Conference Committee. In addition to committee responsibilities, Travis has served on the Board of Directors since 2015, holding elected positions of Director and most recently of Treasurer.

Travis earned a B.A.S. Construction Management degree from the University of Minnesota, Twin Cities and has over 15 years of experience and proven knowledge of construction, cost segregation, tax law, depreciation, and fixed assets. Travis resides in Apple Valley, Minnesota with his wife and two daughters. In his free time, Travis enjoys woodworking, hunting, fishing, and taking his daughters to Karate.


ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies to real estate investors. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. ICS provides nationwide service through its offices located throughout the country.

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Alliances and Partnerships, Business, Free News Articles, Software, Taxes and Accounting, Travel and Tourism

Say Goodbye to Receipt Headaches! AmTrav and Emburse Automate Travel Expenses

AGOURA HILLS, Calif. -- AmTrav, the one connected platform for business travel, and Emburse, a global leader in expense management and accounts payable automation, today announced the next evolution in their partnership with the launch of their automatic receipts integration. This cutting-edge integration automatically populates AmTrav travel expenses in clients' Emburse expense wallets to save travelers, expense preparers and expense administrators time, frustration and mistakes.

Traditional travel and expense integrations all have shortcomings that cause errors and create additional work for users. Booking data feeds often don't match up with actual payment data, credit card data feeds are delayed several days and don't include receipts or important expense details, email forwarding is unreliable, and manually entering expenses and uploading receipts is a time-consuming pain for users.

The automatic receipts integration solves these pains by enabling AmTrav to send 100% accurate expense data and receipt images from the AmTrav point of sale to users' Emburse expense wallets. Users can then add these complete travel expense items to an expense report with one click. This feed includes any travel changes made through AmTrav, automatically populating expense records for additional fare amounts, change penalties or refunds. Emburse users can also designate expense owners to receive expenses for specific travelers.

This new integration builds on AmTrav and Emburse's history of simplifying clients' travel and expense processes since 2013. Busy travelers and expense preparers are freed from tedious tasks like uploading receipts and entering receipt data for travel purchases and travel changes. Expense owners no longer need to remind travelers to forward receipt emails for expense report preparation. And expense administrators get reliable expense data straight from the AmTrav point of sale, saving those administrators time and frustration as travel expenses reliably reconcile with company credit card statements with fewer user or system errors.

"The word 'integration' gets thrown around a lot these days, but the one between AmTrav and Emburse is robust and real-time," said AmTrav CEO Jeff Klee. "Customers who pick AmTrav and Emburse can get a travel management platform that they'll love, paired with a world-class expense management system, tightly integrated so their travel expense data flows accurately from one to the other to save all users time and headache."

To learn more about how AmTrav and Emburse can make travel and expense management easier for your team, reach out to AmTrav or Emburse today.

About AmTrav Corporate Travel

AmTrav is a new kind of technology and services platform that's driving business travel into a bold new era. Our easy-to-use solution empowers travelers and travel bookers to be more productive. Companies of all sizes use AmTrav to book trips, find savings, set travel policies, manage payments and expenses, and keep their travelers safe. Travelers love AmTrav because our one connected platform provides a seamless experience across the travel ecosystem and our travel experts and relationship managers are always ready to help. More than 1000 businesses use AmTrav to go places, meet people, build meaningful connections, and get the most out of every trip. For more information on AmTrav visit, call us at 800-795-8371 or drop us a note.

About Emburse

Emburse humanizes work by empowering business travelers, finance professionals, and CFOs to eliminate manual, time-consuming tasks so they can focus on what matters most.

Emburse offers a growing portfolio of award-winning expense and AP automation solutions, including Emburse Abacus, Emburse Captio, Emburse Certify, Emburse Chrome River, Emburse Cards, Emburse Nexonia, Emburse SpringAhead and Emburse Tallie. Its innovative offerings are tailored to meet the unique needs of specific industries, company sizes, and geographies, and are trusted by more than 9 million users in more than 120 countries. Over 16,000 customers, from start-ups to global enterprises, including Boot Barn, Grant Thornton, Telefónica, Lufthansa Systems, and Toyota rely on Emburse to eliminate manual processes, make faster, smarter decisions, and help make users' lives - and their businesses - better.

Emburse is recognized as a leader in expense management and accounts payable automation by analyst firm IDC, and has received multiple awards for its high levels of customer satisfaction.

For more information on Emburse, visit, call 877-EMBURSE, or follow the organization's social channels at @emburse.

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Alliances and Partnerships, Business, Free News Articles, Insurance, Taxes and Accounting

HWS Enters into An Exclusive Partnership with Mrs. LTC to Offer Long-Term Care Claim Processing for Household Employers

STERLING, Va. -- HomeWork Solutions (HWS), the industry expert in household payroll and employment taxes, has entered into an exclusive partnership agreement with Mrs. LTC, a leading provider of Long-Term Care Claims processing. The new partnership will provide HWS customers with a top-quality resource for processing long-term care claims.

Jay Schulze, President of HomeWork Solutions, stated, "As the in-home care marketplace continues to grow, we are seeing more families turn to Long Term Care insurance policies to fund the cost of a caregiver. This partnership with Mrs. LTC allows HWS to expand our offerings and expertise in the administrative side of household employment, including payroll, taxes, worker's compensation, and now long-term care insurance claims processing."

Stana Martin, President, Mrs. LTC stated, "We're excited to form this exclusive partnership with HomeWork Solutions and provide its clients with our expertise in Long Term Care insurance claims. I'm excited I now have a resource for my clients on household payroll and taxes."

HWS offers uncomplicated, straightforward household payroll, tax support, and now Long-Term Care Insurance Claims processing for its clients.

Anyone interested in scheduling time with Mrs. LTC can click here. Stana offers a 1-hour free consultation -

Call us today at 866.959.7812 to learn more. Clients can enroll online at

HomeWork Solutions, Inc. has provided payroll and tax preparation services to families nationwide since 1993. As experts providing services to tens of thousands of families, the staff at HomeWork Solutions has been a trusted resource for household employers and publications such as The Wall Street Journal, New York Times, Fox, The Washington Post, and many more. Homework Solutions provides free consultations to families, CPAs, and other financial professionals at 866.959.7812 or online at

Mrs. LTC, Stana Martin, is a recognized leader and author in long-term care insurance for the past 14 years. She holds a Ph.D. From the University of Texas at Austin. Mrs. LTC was created in large part because of the complexities of understanding long-term care insurance claims. Stana was interested in taking the burden off of families to concentrate on taking care of their loved ones. Learn more:

For further information:
Jay Schulze

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Business, Free News Articles, Reports and Studies, Software, Taxes and Accounting, Transportation

Report: Over One Quarter of All Mileage Reimbursement Claims Are Overreported

ISSAQUAH, Wash. -- According to internal data gathered by TripLog, a leading enterprise mileage and expense tracking solution, over 1/4 (nearly 30%) of all mileage is overreported, which could potentially cost businesses millions of dollars per year in fraudulent reimbursements.

Between January 2018 and January 2021, TripLog found that roughly 2.8 million trips were overreported. The 52.33 million miles reported among those trips were inflated by 27.2% for a total of 14.26 million miles.

For drivers reporting manually (that is, not using the app to automatically start tracking their mileage when they start driving), that number balloons to 28.9%. At 58 cents per mile, this would account for $8.2 million in fraudulent reimbursements.

For example, a driver may take a trip and report that it took 27 miles when in reality the trip only took 17 miles. TripLog's system compares the route recorded by their app's automatic mileage tracking features or a given manual mileage entry by the driver to Google Maps' data.

If Google Maps says that the drive actually took 17 miles, that can result in overreporting. Thanks to TripLog, those trips were flagged and easily corrected, but companies using manual reporting and processing methods are far more likely to miss such errors.

"Companies still using outdated pen-and-paper forms of mileage tracking and expense processing may be losing out on thousands of dollars each year per driver due to inaccurate mileage claims," said company CEO, Ted He. "Modern digital solutions, such as mileage tracking apps, are a powerful way to avoid such losses."

The most common type of expense fraud is mileage reimbursement. Employees that travel long distances in their own vehicles often pad their mileage amounts in order to receive additional funding from their employer.

Even before the COVID-19 pandemic, expense reporting fraud was on the rise. According to Chrome River's 2019 Expense Fraud Survey, an average of 5% of employees committed expense reporting fraud that year. The most important piece of information, however, is how these expenses were being submitted.

Employees were most likely to commit expense reporting fraud when submitting manual or spreadsheet-tracked receipts to accounts payable. 9.1% of employees who submit expenses this way have committed fraudulent actions in their expense tracking, typically inflating small expenses that are less likely to be noticed.

To help stop these instances of fraud, solutions like TripLog have made it possible and affordable for firms to get exact mileage reports, put them all into a readable format, save time for the accounting team, and, most importantly, stop fraud in its tracks.

Learn more at:

About TripLog, Inc.:

Located east of Seattle in Issaquah, Washington, TripLog has been helping businesses ranging from small to enterprise-scale handle their mileage claims and expense reimbursements for over ten years. TripLog's intuitive app provides mobile employees with an easy-to-use system to automatically track their mileage when they start a drive, eliminating any guesswork and inaccuracies. In addition, their web dashboard gives administrators access to detailed data, providing increased oversight, allowing businesses to keep their clients' teams accountable, and provide them with accurate reimbursements.

{Citation -- Chrome River's 2019 Expense Fraud Survey:]

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Alliances and Partnerships, Business, Free News Articles, Software, Taxes and Accounting

Compleat Software Invited to Join the Information Technology Alliance (ITA) as an Alliance Partner

ATLANTA, Ga. -- Being recognized for its clear commitment to providing superior technology products and solutions to small and medium-size businesses, Compleat Software has joined the Information Technology Alliance (ITA).

ITA is the highly regarded international not-for-profit association of leading Consulting and VAR firms, CPA firms, and technology product/service providers. The ITA invitation was extended because of the high level of support and service Compleat Software has provided to their business partners and clients, and for their commitment to being a leader in the information technology (IT) industry.

"The primary focus of ITA is to provide an independent forum for leading IT business owners to exchange information, share best practices, assess the current status and future direction of the profession, and thereby to improve their overall business results," said Shawn Slavin, President of ITA. "In becoming an Alliance Partner in ITA, Compleat Software has shown that they are committed to being part of the long-term success of their business partners and their end user clients."

"Being an ITA Alliance Partner is a great way to meet, and network with, some of the biggest and best firms in the IT business," said Bill Hammer, GM of North America of Compleat Software. "We are always looking for ways to improve our products and to help our business partners grow and add more value to their clients. Having this ITA membership opportunity will allow both our people, and our clients, to be more successful in the future."

Current Compleat Software Partners that are ITA Members:

AcctTwo Shared Services, LLC, BCS ProSoft, Inc., BTerrell Group LLP, Business Technology Partners LLP, Express Information Systems, JMT Consulting Group, Inc., LBMC Technology Solutions

About ITA

ITA,, is a not-for-profit professional trade association of leading firms and companies whose purpose is to share information and build relationships that improve the way member firms do business. Because the ITA membership roster consists of many of the most highly regarded mid-market technology professionals and product/service providers, ITA enjoys substantial collective influence and often acts as an authoritative voice for the IT profession.

About Compleat Software

Compleat Software is a global SaaS company providing leading edge AP Automation and P2P "purchase to pay" solutions that offer the next generation automation at an affordable cost for the SME market. Delivering a single seamless, paperless process that incorporates for e-invoicing, purchase invoice approval, purchase order and receipting along with Savings as a Service.

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Business, Free News Articles, Real Estate, Taxes and Accounting

Proposed Legislation Would Make the 45L and 179D Energy Efficiency Tax Incentives More Lucrative

BLAINE, Minn. -- The 'Growing Renewable Energy and Efficiency Now' (GREEN) Act aims to extend and boost tax incentives for energy efficiency and renewable energy. According to Alex Bagne, the President of ICS Tax, LLC, "If passed, the GREEN Act would make both the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction) more advantageous while furthering the green missions of these incentives."


Currently, the 45L Credit allows eligible developers to claim a $2,000 tax credit for each newly constructed or substantially reconstructed qualifying residence. It applies to single family homes, apartments, condominiums, assisted living homes, student housing, and other types of residences. The residences must be three stories above grade in height or less. The 45L Credit requires a HERS Rater, a credentialed professional who tests residential energy efficiency, to inspect the home, perform energy modeling and prepare certificates of compliance. The 45L Credit is set to expire at the end of 2021.

The GREEN Act would increase the 45L Credit from $2,000 to $2,500 per residential unit. It also seeks to extend the incentive to 2026, as it is set to expire in 2021. The energy efficiency standards would increase, going from a 50% to 60% savings over the IRS baseline.

"Many homebuilders are unaware that their homes as built qualify for this incentive," says Travis Cansler, a 45L specialist at ICS.

Steve Samos, a HERS Rater and the Director of Inspections for ICS, adds "For homes that do not pass, builders can often make design changes to get them to qualify where the additional costs are more than offset by the credit."


The 179D Deduction, often referred to as the EPAct Deduction, is a Federal tax incentive promoting energy efficient buildings for both new and existing structures. Further, architects, engineers, contractors, and other building design professionals may also be eligible for the incentive on public projects. Commercial building owners can take a Federal tax deduction of up to $1.80 per square foot of the building's floor area if they install certain property (e.g., efficient lights or HVAC systems, added wall or roof insulation, etc.) that reduces energy and power costs. The 179D Deduction, which applies to both new construction and renovations, was recently made permanent by the 'Consolidated Appropriations Act, 2021.' However, that Act significantly increased the energy efficiency standards needed to qualify.

For the 179D Deduction, the GREEN Act would raise the maximum amount of the deduction from $1.80 to $3.00 per square foot for improvements made after December 31, 2021. It would also lower the threshold needed to qualify for the maximum deduction. The current standard compares the building to the ASHRAE standard that was in existence 2 years prior to the start of construction and requires a hypothetical 50% reduction in energy and power costs. The GREEN Act would lower those standards to 30%.

"By making these changes, the 179D Deduction will be more beneficial and further incentivize green building design," says Jillian Jones, a 179D Deduction specialist at ICS Tax.


ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies and specializes in both the 45L and 179D tax incentives. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. ICS provides nationwide service through its offices located throughout the country.

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