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R&D Tax Credit Documentation Requirements

Source Advisors May 24, 2026

The Research & Development (R&D) Tax Credit can provide valuable tax savings for businesses investing in innovation. However, qualifying activities alone are not enough to secure the credit. Companies must also maintain adequate documentation to support their claim and demonstrate compliance with IRS requirements. As IRS scrutiny of R&D tax credit claims continues to increase, proper recordkeeping has become one

R&D

R&D Tax Credit Documentation Requirements

Source Advisors May 24, 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 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

Source Advisors May 7, 2026

R&D

R&D Tax Credit Documentation Requirements

The Research & Development (R&D) Tax Credit can provide valuable tax savings for businesses investing in innovation. However, qualifying activities

Source Advisors May 24, 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

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

Kamal Shah, CPA April 16, 2026

R&D

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

Nine Myths About the R&D Tax Credit

I’m introduced to owners and managers of manufacturing and technology-based companies virtually every day, and even after 25+ years in

Deb Roth, CPA January 21, 2021

R&D

R&D Tax Credits Remain Strong Despite Tax Reform

Since federal research and development tax credits were first introduced into law back in 1981, they have been recognized as

Deb Roth, CPA January 21, 2021

R&D

Substantial Tax Credits For Construction & Engineering Firms

It may come as a surprise to some industry professionals that many construction and engineering firms invest significant amounts of

Leila Rayburn January 21, 2021

group of people working on research credits at table

R&D

How Companies have Pivoted to Reinvent and Enhance their Business with the R&D Tax Credit

We have seen innovation making a real impact on our society as a whole during this unique time. While there

Jennifer Flynn August 27, 2020

R&D

How Companies have Pivoted to Reinvent and Enhance Their Business with the R&D Tax Credit

We have seen innovation making a real impact on our society as a whole during this unique time. While there

Jennifer Flynn August 27, 2020

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

R&D

Changes in Wisconsin R&D Tax Credits

The Wisconsin R&D tax credit refundable portion will increase from 15% to 25% beginning on or after January 1, 2024. The increase will provide an incentive for research and development activity and spending by Wisconsin businesses, helping to develop new products. The Wisconsin Act 19, Senate Bill 70 change was

Alex Pak December 7, 2023

Cost Segregation

Cost Seg

The Cost Segregation Process

Every firm has a unique methodology for their cost segregation study; however, the fundamental stages are often identical. This is how we conduct ours at Source Advisors: 1. Pre-qualification (WEEK 1) Every Source Advisors study begins with our detailed pre-qualification process where the scope of work is defined and an

John Gail July 26, 2020

Benefits of a Cost Segregation Study

What is Cost Segregation? A cost segregation study might be thought of as an interest free loan that front-loads the depreciation expense deduction a property would otherwise receive over 27.5 or 39 years. Cost segregation studies free up capital by accelerating the depreciation of § 1245 tangible personal property, land

John Gail January 26, 2020

Energy

Sales & Use Tax

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 whether a business has an obligation to collect and remit sales tax in a particular state. A sales tax nexus study is thus an essential instrument that helps businesses assess

Chris Vignone February 16, 2024

person working on r&d amortization paperwork on table

Sales & Use Tax

Source Advisors Tax Update: What to Expect in 2024

State and Local Tax: The Good, The Bad, and The Ugly The year 2024 is poised to usher in a series of sales tax changes that will impact businesses across various industries. From the constantly evolving rates to amendments in compliance requirements, companies need to be proactive in staying informed

Chris Vignone January 24, 2024