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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

R&D expenditure paperwork with calculator

R&D

Qualifying Expenditures for the R&D Tax Credit

Qualifying expenditures for the R&D tax credit include salary and wages, supply costs, computer rental or lease, and contractor costs. Salary & Wages There are generally three categories of employees performing research: Employees that perform Direct research. This includes people specifically performing the activities, (researchers, engineers, CAD associates, project managers,

Rachel Bishop, CPA January 24, 2023

R&D

TCJA Changes That Could Impact R&D

TCJA R&D Changes Explained Changes stemming from the 2017 Tax Cuts & Jobs Act (TCJA) have made the R&D credit even more valuable. One of the changes to the tax code from TCJA was the requirement to amortize all research expenses for tax years starting on or after January 1,

Deb Roth, CPA January 24, 2023

Cost Segregation

Energy

Sales & Use Tax

New York City Utility Excise Tax

What is the New York City Utility Excise Tax? In New York City, the Utility Excise Tax (UXS) is a tax imposed on utility service providers that operate within the city. These providers include electricity, gas, steam, and telecommunications companies. Telecommunications services are defined as the transmission of voice, image,

Chris Vignone March 3, 2023

Sales & Use Tax

The Usage and Management of Tax Exemption Certificates

What is a Tax Exemption Certificate? Tax exemption certificates are documents issued by taxing authorities, usually the states, that grant businesses exemption from certain taxes. These documents are issued as a certificate and must be presented to the taxing authority to claim the exemption. Tax exemption certificates are typically issued

Kamal Shah, CPA February 16, 2023