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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

6 Common Misconceptions About R&D Tax Credits

The Research & Development (R&D) tax credit can enable businesses to increase cash flow and savings, reduce the Federal income tax rate, and receive Federal and State dollar-for-dollar income tax reductions. Specifically, a wide variety of businesses can potentially offset up to $500,000 in payroll tax liability for qualifying activities. However, there

Deb Roth, CPA June 5, 2023

R&D

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 to the IRS’s final determination on the claim, according to the IRS. The transition period was

Deb Roth, CPA June 1, 2023

Cost Segregation

Energy

Sales & Use Tax

Why Do We Have Sales & Use Tax?

What is Sales & Use Tax? Sales and Use Tax is a consumption tax, a form of tax that is levied by state or local governments on the sale of goods and services. A wide range of goods, including clothing, electronics, vehicles, food, and entertainment, are typically subject to Sales

Johanna Monroy April 11, 2023

Sales & Use Tax

Lack of Documentation on Sales & Use Tax Audits

Defending tax audits can be a daunting process for businesses. Defending an audit requires a thorough understanding of the tax laws, regulations, and reporting requirements. Although proper documentation is necessary for all types of tax audits, it is incredibly challenging for Sales & Use Tax audits due to the number

George Messropian April 7, 2023