The Pandemic’s Impact on The IRS

The Pandemic’s Impact on The IRS

Holland King | MTAX, J.D. June 1, 2020. 4 min read We are currently in unprecedented times, with regular routines and business and social norms being disrupted in attempts to minimize the impact of COVID-19. The disruption is not only limited to individuals or even...
Another Taxpayer Win in The Courts For R&D Credits

Another Taxpayer Win in The Courts For R&D Credits

Holland King | MTAX, J.D. June 1, 2020. 3 min read In a recent opinion, the US Tax Court rebuffed another attempt by the IRS to deny the R&D credits credit to taxpayers. By granting summary judgment to the taxpayer, the Court upheld the string of cases that define...
4 Steps To Qualify For R&D Tax Credits

4 Steps To Qualify For R&D Tax Credits

Author | Source Advisors June 1, 2020. 2 min read Many people think that R&D tax credits only apply to companies that require lab coats to be worn at the office. But the definition has evolved greatly over the years to include not only companies that manufacture...
R&D Tax Credits Refundable or Recoverable?

R&D Tax Credits Refundable or Recoverable?

Author | Source Advisors January 21, 2021. 4 min read The R&D Tax Credit is not refundable; however, unused credits can still provide a cash windfall. A commonly asked question: “Is the R&D tax credit refundable?” In other words, can R&D tax credits be...
Is the R&D Credit a refundable credit?

Is the R&D Credit a refundable credit?

Author | Source Advisors May 1, 2020. 7 min read Is the R&D Credit a refundable credit? The R&D Tax Credit is not refundable. If you don’t owe income tax or the credit is worth more than what you owe, you won’t receive a check from the IRS. Most businesses...
How Inflation Drives LIFO Planning

How Inflation Drives LIFO Planning

Author | Source Advisors August 31, 2021. 4 min read With both monetary policy and COVID related supply chain disruption driving current and future price increases, safeguarding inventory, often your clients’ largest asset, from the detrimental effects of inflation is...