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The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

Source Advisors May 7, 2026

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in innovation. However, not every project qualifies. To determine eligibility, the IRS applies a framework known as the R&D 4-Part Test under Internal Revenue Code (IRC) Section 41. Understanding how this test works is essential for identifying qualifying activities, supporting documentation

R&D

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

Source Advisors May 7, 2026

washington business people working at table with laptop

Sales & Use Tax

What is a Reverse Sales & Use Tax Audit?

A Reverse Sales & Use Tax Audit (RSUTA) is a structured review of prior period purchase activity designed to identify and recover Sales & Use Tax overpayments as opposed to the traditional focus on underpayments in state audits. Whereas State initiated audits are aimed at detecting underpayments and assessing additional

Kamal Shah, CPA April 16, 2026

R&D

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in

Source Advisors May 7, 2026

Sales & Use Tax

What is a Reverse Sales & Use Tax Audit?

A Reverse Sales & Use Tax Audit (RSUTA) is a structured review of prior period purchase activity designed to identify

Kamal Shah, CPA April 16, 2026

Sales & Use Tax

What is Washington Business & Occupational (B&O) Tax?

Washington Business & Occupation (B&O) Tax is a tax imposed by the state of Washington on the privilege of doing

Jaclyn Harris January 14, 2026

R&D

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

person looking at laptop with magnifying glass

R&D

4 Steps to Qualify for R&D Tax Credits

Many people think that R&D Tax Credits only apply to companies that require lab coats to be worn at the office. But

Leila Rayburn June 1, 2020

R&D

Taxpayer Wins in Court for R&D Tax Credits

In a recent opinion, the U.S Tax Court rebuffed another attempt by the IRS to deny R&D Tax Credits to taxpayers.

Deb Roth, CPA June 1, 2020

R&D

Michigan House Approves $100M in R&D Tax Credits

Michigan taxpayers might be able to claim the Research and Development (R&D) tax credit, reducing their income tax. HB 5100 passed the Michigan House on October 31st, 2023 and now moves to the Michigan Senate for further consideration. The R&D tax credit incentivizes research and development activity in Michigan. It

Jordan Fazio October 19, 2023

R&D

Life After Little Sandy

Navigating the Murky Waters of Research Credits: The Impact of the Little Sandy Coal Ruling and IRS Audits In a recent legal development, the Seventh Circuit Court’s ruling on Little Sandy Coal Company, Inc. v. Commissioner (“LSC”) has created a climate of uncertainty around the federal income tax credit for

Lindsey Modlich September 1, 2023

Cost Segregation

Energy

Sales & Use Tax

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

Sales & Use Tax

State and Local Taxes: A Guide for CPAs, CFOs, and Business Owners

Mastering State and Local Tax Planning Tax year planning for state and local taxes is a critical aspect of financial management for individuals and businesses alike. By mastering the complexities of state and local tax regulations, CPAs, CFOs, and business owners can optimize their tax strategies and minimize their tax

Chris Vignone January 17, 2024