--before running this make sure Foreign key constraints have been removed that reference the ID.
--insert everything into a temp table
SELECT (ColumnList) --except identity column
INTO #tmpYourTable
FROM yourTable
--clear your table
DELETE FROM yourTable
-- reseed identity
DBCC CHECKIDENT('table', RESEED, new reseed value)
--insert back all the values
INSERT INTO yourTable (ColumnList)
SELECT OtherCols FROM #tmpYourTable
--drop the temp table
DROP TABLE #tmpYourTable
GO