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What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

Safa Bari September 24, 2026

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC A Qualified Allocation Plan (QAP) is the framework a state housing agency uses to establish priorities and criteria for awarding Low-Income Housing Tax Credits (LIHTC) to affordable housing developments. Because demand for LIHTC funding often exceeds the amount of credits available, the QAP plays an important role in determining which

Energy Tax Incentive

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

Safa Bari September 24, 2026

Cost Seg

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method Form 3115, Application for Change in Accounting Method, is the IRS form businesses file to request or report a change in how they recognize income or expenses for tax purposes — such as switching from

Matt McKinney September 15, 2026

Energy Tax Incentive

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC A Qualified Allocation Plan (QAP) is the framework a state

Safa Bari September 24, 2026

Cost Seg

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method Form 3115, Application for Change

Matt McKinney September 15, 2026

washington business people working at table with laptop

Sales & Use Tax

The Same Digital Service, Different Tax Result:Why State-by-State Taxability Reviews Matter in 2026

Digital products and technology services continue to blur the traditional line between taxable property and nontaxable services. For multistate businesses,

Deborah Dingess September 14, 2026

R&D

How Companies have Pivoted to Reinvent and Enhance Their Business with the R&D Tax Credit

We have seen innovation making a real impact on our society as a whole during this unique time. While there

Jennifer Flynn August 27, 2020

R&D

Game Development: The Quest to Generate Cash with the R&D Tax Credit

Last year, Forbes reported that the video game industry is growing so quickly that some analysts predict that it will generate

Alex Pak July 28, 2020

R&D

Cost Segregation and Estate Planning

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

John Gail July 26, 2020

R&D

How Cost Segregation Affects Recapture

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

John Gail July 26, 2020

R&D

R&D Tax Credits and Business Application Software: Another Arrow in Your Tax Planning Quiver

With the extended tax return filing deadlines upon us, soon it will be planning season and time to flex your

David Finley July 17, 2020

R&D

How The R&D Tax Credit Helps Gaming Companies Stay Competitive

I love video games. My kids love video games. Even my mom loves video games. What would quarantine be without

Michael Warady July 17, 2020

R&D

Changes in Wisconsin R&D Tax Credits

The Wisconsin R&D tax credit refundable portion will increase from 15% to 25% beginning on or after January 1, 2024. The increase will provide an incentive for research and development activity and spending by Wisconsin businesses, helping to develop new products. The Wisconsin Act 19, Senate Bill 70 change was

Alex Pak December 7, 2023

R&D

Proposed Changes to R&D Tax Credits Form

The Internal Revenue Service (IRS) has released a preview of proposed changes to Form 6765, Credit for Increasing Research Activities. Also known as the R&D Tax Credit, the below highlights the proposed changes and how they could potentially impact taxpayers. The IRS is currently reviewing all feedback on the proposed

Jordan Fazio November 12, 2023

Cost Segregation

Cost Seg

The Cost Segregation Process

Every firm has a unique methodology for their cost segregation study; however, the fundamental stages are often identical. This is how we conduct ours at Source Advisors: 1. Pre-qualification (WEEK 1) Every Source Advisors study begins with our detailed pre-qualification process where the scope of work is defined and an

John Gail July 26, 2020

Benefits of a Cost Segregation Study

What is Cost Segregation? A cost segregation study might be thought of as an interest free loan that front-loads the depreciation expense deduction a property would otherwise receive over 27.5 or 39 years. Cost segregation studies free up capital by accelerating the depreciation of § 1245 tangible personal property, land

John Gail January 26, 2020

Energy

Sales & Use Tax

person working on r&d amortization paperwork on table

Sales & Use Tax

Source Advisors Tax Update: What to Expect in 2024

State and Local Tax: The Good, The Bad, and The Ugly The year 2024 is poised to usher in a series of sales tax changes that will impact businesses across various industries. From the constantly evolving rates to amendments in compliance requirements, companies need to be proactive in staying informed

Chris Vignone January 24, 2024

Sales & Use Tax

A CPA’s Basic Guide to SALT Requirements

State and local taxes affect every business in Illinois in one way or another. To ensure their clients remain tax compliant, it’s important for CPAs to know the fundamentals, red flags, and where to look for additional guidance. State and local taxes (SALT) refer to any tax that isn’t administered

Benjamin Kluwgant January 22, 2024

LIFO

Section 174

Section 174

Educating Clients on Section 174: A Guide for CPAs

Understanding Section 174 and Its Impact Section 174 of the Internal Revenue Code governs the treatment of Specified Research or

Jordan Fazio February 26, 2025

person working with floating 174 expenditure bar graph

Section 174

Section 174 Explained

What is Section 174? Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental

Deb Roth, CPA June 4, 2024

Section 174

Offsetting Section 174 R&E Software Development Tax Liability With R&D Tax Credits

Section 174 Changes Impact R&D Tax Credits for Software The new changes to Section 174 have a significant impact on

Deb Roth, CPA April 16, 2023

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Resources

Blogs

Featured Blogs

Featured Blogs

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method

The Same Digital Service, Different Tax Result:Why State-by-State Taxability Reviews Matter in 2026

R&D

How Companies have Pivoted to Reinvent and Enhance Their Business with the R&D Tax Credit

Game Development: The Quest to Generate Cash with the R&D Tax Credit

Cost Segregation and Estate Planning

How Cost Segregation Affects Recapture

R&D Tax Credits and Business Application Software: Another Arrow in Your Tax Planning Quiver

How The R&D Tax Credit Helps Gaming Companies Stay Competitive

Changes in Wisconsin R&D Tax Credits

Proposed Changes to R&D Tax Credits Form

Cost Segregation

The Cost Segregation Process

Benefits of a Cost Segregation Study

Energy

Sales & Use Tax

Source Advisors Tax Update: What to Expect in 2024

A CPA’s Basic Guide to SALT Requirements

LIFO

Section 174

Educating Clients on Section 174: A Guide for CPAs

Section 174 Explained

Offsetting Section 174 R&E Software Development Tax Liability With R&D Tax Credits

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