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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

group of people working on research credits at table

R&D

Is There a Limit to the Amount of Research Credits that can be Claimed?

There is no set maximum amount that you can claim. If the federal R&D credit can’t be used immediately or

Riz Malik May 2, 2020

R&D

Is the R&D Credit a Refundable Credit?

The R&D Tax Credit is not refundable. If you don’t owe income tax or the credit is worth more than what you

Riz Malik May 1, 2020

R&D

How Mortgage Banking Qualifies for the R&D Tax Credit

The mortgage banking industry has quietly become more and more dependent on software development over the last decade. Due to the fragmentation

David Finley May 1, 2020

R&D

IRS Extends R&D Tax Credit Claims Transition Period

What Does the IRS Extending the R&D Tax Credit Claims Transition Period Mean? The IRS extended the transition period for taxpayers to perfect their refund claims for R&D Tax Credits through January 10, 2024. Taxpayers are now provided 45 days to perfect a research credit claim for a refund prior

Rachel Bishop, CPA June 19, 2023

How to Make Your R&D Tax Credit Defensible

Make Your R&D Tax Credit Defensible Claiming the R&D tax credit can potentially help your business offset increased cash flow. However, simply completing IRS Form 6765, Credit For Increasing Research Activities, doesn’t guarantee the IRS will approve your claim. Learn a few key things you can do to ensure your

Deb Roth, CPA June 15, 2023

Cost Segregation

Energy

Sales & Use Tax

Telecommunications and the Federal Universal Service Fund Fee

The Role of Telecommunications in the Federal Universal Service Fund Telecommunications companies operating in the United States are subject to the Federal Universal Service Fund (USF), a program administered by the Federal Communications Commission (FCC). The USF aims to promote access to telecommunications services for all Americans, regardless of location

Chris Vignone April 25, 2023

Sales & Use Tax

What is Business Personal Property Tax?

The Business Personal Property Tax Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land. Local or state government jurisdictions typically impose the tax,

Kamal Shah, CPA April 14, 2023