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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

Can the R&D Tax Credit be Used to Offset the Alternative Minimum Tax?

The Protecting Americans from Tax Hikes (PATH) Act of 2015 includes provisions that allow certain taxpayers to offset their AMT liability with the R&D tax credit for taxable years beginning on or after Jan 1, 2016. AMT Limitations Before the PATH Act, AMT restrictions prevented qualified companies from utilizing 100%

Alex Pak November 13, 2021

R&D

How does the R&D Tax Credit’s “Startup Provision” Work?

R&D Tax Credit Startup Activities and Industries With the expansion of the Research and Development Tax Credit over the years, more businesses than ever before engage in activities making them eligible to claim the R&D tax credit. Listed below are examples of activities that may be considered qualifying research activities: Add

Alex Pak November 13, 2021

Cost Segregation

Energy

Sales & Use Tax

What is the New York State Telecommunications and Utility Services Tax?

The New York State Telecommunications and Utility Service Tax In New York, there is an excise tax that applies to the provision of certain telecommunications and utility services, called the Telecommunications and Utility Services Tax Return (CT-186-E). This tax is imposed on the gross receipts derived from providing these services

Kamal Shah, CPA January 27, 2023

Sales & Use Tax

Sales Tax Registration Requirements for Businesses

Sales Tax Registration for Businesses A business that is selling goods and services within a state must register with the state’s tax department and collect the sales tax from customers and file the return regularly. Businesses that sell goods or services across state lines must be aware of the different

Chris Vignone January 24, 2023