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Income Taxes
6 Months Ended
Jun. 30, 2014
Income Taxes

12. Income Taxes

ICG Group, Inc., GovDelivery, InvestorForce (through January 29, 2013, the date of disposition), MSDSonline and Procurian (through December 4, 2013, the date of disposition) file a consolidated federal income tax return. Bolt and QC Holdings are not included in ICG’s consolidated federal income tax return. For the six months ended June 30, 2014 and 2013, a tax provision was recognized for state and foreign income taxes; no tax benefit for the loss from continuing operations was recognized as ICG maintains a full valuation allowance against its net deferred tax assets that it believes, after evaluating all the positive and negative evidence, both historical and prospective, is more likely than not to not be realized.

Additionally, a federal income tax benefit of $0.8 million was recognized in the three months ended June 30, 2014, which is offset by $0.8 million of income tax expense in discontinued operations, since there was a loss in continuing operations and income in discontinued operations in that same period.