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The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

Source Advisors May 7, 2026

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in innovation. However, not every project qualifies. To determine eligibility, the IRS applies a framework known as the R&D 4-Part Test under Internal Revenue Code (IRC) Section 41. Understanding how this test works is essential for identifying qualifying activities, supporting documentation

R&D

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

Source Advisors May 7, 2026

washington business people working at table with laptop

Sales & Use Tax

What is a Reverse Sales & Use Tax Audit?

A Reverse Sales & Use Tax Audit (RSUTA) is a structured review of prior period purchase activity designed to identify and recover Sales & Use Tax overpayments as opposed to the traditional focus on underpayments in state audits. Whereas State initiated audits are aimed at detecting underpayments and assessing additional

Kamal Shah, CPA April 16, 2026

R&D

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in

Source Advisors May 7, 2026

Sales & Use Tax

What is a Reverse Sales & Use Tax Audit?

A Reverse Sales & Use Tax Audit (RSUTA) is a structured review of prior period purchase activity designed to identify

Kamal Shah, CPA April 16, 2026

Sales & Use Tax

What is Washington Business & Occupational (B&O) Tax?

Washington Business & Occupation (B&O) Tax is a tax imposed by the state of Washington on the privilege of doing

Jaclyn Harris January 14, 2026

R&D

R&D

What is the R&D Tax Credit Carryforward Period?

The R&D Tax Credit Carryforward Rules When it comes to claiming R&D Tax Credits, many taxpayers are unaware of the rules

Rachel Bishop, CPA January 21, 2021

R&D

Are R&D Tax Credits Refundable or Recoverable?

The R&D Tax Credit is not refundable; however, unused credits can still provide a cash windfall. A commonly asked question:

Rachel Bishop, CPA January 21, 2021

R&D

R&D Tax Credits now Provide Payroll Tax Relief

Without question, one of the major highlights of the recently enacted PATH Act of 2015 is the provision making the R&D

Deb Roth, CPA January 21, 2021

R&D

New Opportunity for Life Sciences & Biotech Companies to Benefit from the R&D Tax Credit

It’s common knowledge that Life Science companies spend millions of dollars on research activities but did you know that many

Deb Roth, CPA January 21, 2021

R&D

Are You Missing Out on R&D Tax Credits?

Presently, U.S. manufacturers and technology companies in the know are leveraging R&D Tax Credits to the tune of $15 billion a

Rachel Bishop, CPA January 21, 2021

R&D

R&D Tax Incentives for the Precast Concrete Industry

When business owners, chief financial officers, and corporate accountants consider R&D Tax Credits, they often conclude that only high-technology companies, innovative

Rachel Bishop, CPA January 21, 2021

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 R&D tax credits: should they handle the process in-house or outsource it to a specialized firm? Both options have their own benefits and drawbacks, and it’s important to carefully consider

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 to invest in research and development activities. It is a tax break that rewards companies for their innovation and technological advancements. So, how does the R&D tax credit work? Essentially,

Rachel Bishop, CPA December 20, 2023

Cost Segregation

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 owners and tenants to accelerate depreciation deductions, defer tax, and improve cash flow. Once used only by big-4 type accounting firms and the nation’s largest real estate owners, this practice

John Gail July 26, 2020

Cost Seg

Does Cost Segregation Method Matter?

Raul Soto July 26, 2020

Energy

Sales & Use Tax

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 & use tax exemptions for having operations located within their state. Manufacturers always capture all of the savings pertaining to sales tax exemptions on raw materials, machinery and equipment, but

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, and you could face unexpected tax liabilities and penalties. Understanding sales tax nexus – the connection that triggers your obligation to collect and remit sales tax in a state –

Benjamin Kluwgant February 16, 2024