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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 Payroll Tax Credit

The Research and Development payroll tax credit, also known as the R&D payroll tax credit is a tax incentive designed

Deb Roth, CPA April 1, 2024

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How Does a Tax Credit Work? Federal Tax Credits Explained

What are Federal Tax Credits? Tax season can be a daunting time, filled with forms, calculations, and the question: am

Matt McKinney March 11, 2024

R&D

The IRS 4-Part Test for R&D Tax Credits Explained

The R&D 4-Part Test Imagine the 4-part test as a sturdy bridge connecting your R&D activities to tax credit rewards.

Alex Pak March 1, 2024

4 Mistakes You Might Be Making on Your R&D Tax Credit Claim

Are you making the most of your R&D tax credit claim? Here are four common mistakes that businesses often make

Rachel Bishop, CPA February 13, 2024

stack of newspapers with news of source advisors

R&D

Should You Handle R&D Tax Credits Alone?

Deciding Whether to Manage R&D Tax Credits In-House Businesses often find themselves at a crossroads when it comes to claiming

Alex Pak January 2, 2024

R&D

Understanding the R&D Tax Credit and How To Claim It

Understanding the R&D Tax Credit The R&D tax credit is a valuable incentive provided by the government to encourage businesses

Rachel Bishop, CPA December 20, 2023

person working on sales tax nexus on laptop

R&D

Top R&D Tax Credit Provider: What You Need to Know

Choosing the Best R&D Tax Credit Provider When it comes to claiming the Research & Development (R&D) tax credit, the difference between maximizing your benefit and leaving money on the table often comes down to the expertise of your provider. A top-tier R&D tax credit consultant not only identifies qualifying

Source Advisors August 25, 2025

R&D

How to Choose the Right R&D Tax Specialist

Navigating the complex world of R&D tax credits requires more than just general tax knowledge—it demands a deep understanding of IRS regulations, evolving legislation, and the ability to identify and document qualified research activities. Whether you’re a growing technology firm, a manufacturing company, or a CPA looking to better serve

Rachel Bishop, CPA July 16, 2025

Cost Segregation

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The Life Cycle of Real Estate

It’s not a “one size fits all” approach. We make it a point of understanding our clients’ needs – not

Greg Bryant May 11, 2023

Cost Seg

What to Look for When Evaluating a Cost Segregation Provider

Choosing the right cost segregation provider is a vital part of optimizing tax savings for your business. The provider you

Raul Soto November 11, 2021

Cost Seg

When Should a Cost Segregation Study be Performed?

There are several situations where a cost segregation study should be performed. A cost segregation study should be performed immediately

Raul Soto July 28, 2020

Cost Seg

Identifying a Quality Cost Segregation Study

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

John Gail July 26, 2020

Cost Seg

Hotels and Cost Segregation

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

John Gail July 26, 2020

Cost Seg

Does Cost Segregation Method Matter?

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

Raul Soto July 26, 2020

Cost Seg

A Guide to Real Estate Depreciation for Tax Purposes

Real estate depreciation is a cornerstone concept in real estate investment and tax planning. Understanding how it works—and how to maximize its benefits—can significantly impact your bottom line. In this guide, we’ll break down what real estate depreciation is, how it’s calculated, and how investors can leverage it to optimize

Raul Soto July 17, 2025

Cost Seg

Qualified Professionals for Cost Segregation

How do I find a qualified professional to perform a cost segregation study? When it comes to performing a cost segregation study, choosing the right provider is crucial. Not only will a reputable provider ensure accurate and reliable results, but they will also help you maximize your tax savings and

Raul Soto May 18, 2025

Energy

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Navigating the Energy Star Certification Process for Homes

ENERGY STAR certified homes are not only energy efficient, but they also offer better comfort and play a crucial role

Imran Syed September 29, 2023

179D

R&D & Energy For Real Estate: Tax Accounting Methods

What Does the IRS Extending the R&D Tax Credit Claims Transition Period Mean? Construction and real estate firms often ask

Deb Roth, CPA November 15, 2021

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Qualified Leasehold Improvements

What is a Qualified Leasehold Improvement Property? Qualified vs. Non-Qualified Leasehold Improvements From 2001 through 2017, Qualified Leasehold Improvement Property (QLIP) were most improvements

Source Advisors August 2, 2019

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How Does a Tax Credit Work? Federal Tax Credits Explained

What are Federal Tax Credits? Tax season can be a daunting time, filled with forms, calculations, and the question: am I getting the most out of my tax return? One often overlooked benefit that can significantly impact your tax liability is tax credits. But how exactly do they work? Think

Matt McKinney March 11, 2024

179D

The IRA’s Impact on Your Real Estate Clients’ 2023 Tax Returns

The Inflation Reduction Act of 2022 brought changes to the §179D Energy Efficient Commercial Building Tax Deduction, a flagship federal tax incentive. Knowing how to navigate the updates is going to be important for CPAs this tax season. It started as the ‘Build Back Better’ bill, and in an eleventh-hour

Benjamin Kluwgant January 19, 2024

Sales & Use Tax

business women going through a stack of papers

Sales & Use Tax

You Received a Sales & Use Tax Audit Notice. What Do You Do Now?

Sales & use tax audit notices are never a great letter to receive in the mail. But, by following the

Benjamin Kluwgant April 5, 2024

Sales & Use Tax

Refund of Tax Paid on Software Purchases

Refund of Tax Paid on Software Purchases by Companies Located Illinois, Massachusetts, New York, Pennsylvania, Washington or Utah The multiple

Kamal Shah, CPA March 13, 2024

Sales & Use Tax

Sales Tax Due Diligence in a Post Wayfair World

Over the past five years, sales tax awareness has increased amongst the private equity world as states have expanded their

Chris Vignone February 21, 2024

Sales & Use Tax

Utility Studies for Sales and Use Tax Exemptions

While specific exemptions vary from state to state most manufacturers are aware that all states offer some type of sales

Kamal Shah, CPA February 19, 2024

Sales & Use Tax

Different Types of Sales Tax Nexus for E-Commerce

For online businesses, navigating the ever-shifting sands of sales tax can feel like wandering through a labyrinth. One wrong turn,

Benjamin Kluwgant February 16, 2024

Sales Tax Nexus Explained

For businesses operating across state lines, understanding the concept of sales tax nexus is critical. It’s the determining factor on

Chris Vignone February 16, 2024

Sales & Use Tax

Which States Have the Most Complex Sales Tax Laws?

Which States Have the Most Complex Sales Tax Laws? The sales tax landscape in the United States presents a maze of regulations that can differ dramatically from one state to another. Recognizing which states have the most complex sales tax laws is crucial for both businesses and individuals, as these

Kamal Shah, CPA June 13, 2025

Sales & Use Tax

How New Tariffs Impact Sales & Use Tax for Multi-State Businesses

What CPAs and Taxpayers Need to Know As new tariffs from the Trump administration take effect—particularly on imports like electronics, industrial goods, and apparel—many businesses and advisors are asking a key question: How do tariffs affect sales and use tax obligations for companies operating in multiple states? While tariffs themselves

Kamal Shah, CPA April 16, 2025

LIFO

Last In, First Out (LIFO) Inventory Method: Pros and Cons

Inventory valuation is an accounting process used by companies to assign value to their inventory. It determines the cost of

Sara Richardson May 30, 2024

LIFO

LIFO vs. FIFO: Choosing the Right Inventory Identification Method

Inventory identification is a crucial aspect of managing a company’s finances. It impacts your cost of goods sold (COGS), profitability,

Karen Koch, CPA, MT March 4, 2024

LIFO

Can LIFO Still Provide Tax Savings in 2023?

While inflation is not at the high levels seen in the last couple of years, if you haven’t elected LIFO

Sara Richardson December 15, 2023

LIFO

How Inflation Equals LIFO Opportunities for 2024 Tax Year

With overall inflation around 3% for 2024 and prices on the rise for 2025, now is a good time to consider a Last-In-First-Out (LIFO) election if you carry inventory. Even if you are already on LIFO, analyzing the IPIC LIFO method for 2024 could be a great opportunity. IPIC LIFO

Sara Richardson April 30, 2025

LIFO

What is the LIFO Conformity Rule?

The LIFO Conformity Rule is a tax regulation in the United States that mandates businesses to use the LIFO method consistently for both tax reporting and financial statement reporting. In other words, if a company chooses LIFO for tax purposes to reduce taxable income, it must also use LIFO when

Sara Richardson February 24, 2025