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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

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

Navigating the R&D Tax Credit: Internal Use Software

Internal Use Software (IUS) includes software applications, operating systems and related resources used to run a business and serve customers.

David Finley June 1, 2020

R&D

Does the Research Credit Provide a Dollar for Dollar Cash Savings of Federal Income Tax?

Companies can create a dollar-for-dollar reduction in their federal and state income tax liability. Some Benefits of the R&D Tax

Riz Malik May 5, 2020

What Research Activities do not Qualify for the R&D Credit?

How to Determine Qualified Research Expenses The IRS has established a four-part test that taxpayers must apply to each of

Riz Malik May 4, 2020

R&D

What Happens to Unused R&D Credits?

Unused R&D Tax Credits may still be available to eligible businesses if they file amended tax returns for the years in which

Deb Roth, CPA May 3, 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

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

Sales & Use Tax

Benefits of Combining a Sales and Use Tax Refund Review With an Audit

When a state informs a company of an ensuing sales & use tax audit, there is always uncertainty and stress. The stress is caused by the concern about tying up the business’ resources and the fear of potential liability that may exist. Combining a Sales and use tax refund review

Jonathan Kraft May 10, 2023