Meet Our Industry Leaders

Jim Foster
Director of Tax Controversy
jim.foster@sourceadvisors.com
BIOGRAPHY
Jim joined Source Advisors as the Director of Tax Controversy in 2022. He has worked in tax incentives such as the R&D tax credit, disaster relief credits, the Employee Retention Credit, and most recently § 174.
Jim has been practicing in the general area of taxation and tax law for fifteen years. In that time, he has produced numerous successful tax credit cases for his corporate clients. Further, he has had successful tax audits that range from IRS audits and appeals to state-level tax audits.
Prior to joining Source Advisors, Jim worked at two national consulting firms that operated in niche tax incentives. While in law school, Jim worked at a public accounting office where he helped the firm advance in and maintain double-digit growth.
Jim received his Bachelor of Science in Political Science from Texas A&M University and his Juris Doctorate from South Texas College of Law Houston. He is a licensed attorney in the State of Texas.
Insights Reviewed By Brian Foster
06.29.2020 VA EXTENDED APPLICATION DEADLINE TO SEPTEMBER 1, 2020
TECHNICAL UPDATE VA EXTENDED APPLICATION DEADLINE TOSEPTEMBER 1, 2020 June 18, 2020In a recent legislative update, the Virginia General Assembly modified the two state research credit programs...
06.27.2020 PROPOSED § 1031 REGULATIONS
TECHNICAL UPDATE PROPOSED § 1031 REGULATIONSJune 27, 2020 by Charles DuncanOn June 12th, 2020, the Treasury published REG-117589-18 in the Federal Register. These proposed reliance regulations...
01.25.2019 Reminder: Minnesota Increased Its R&D Tax Credit Rate
TECHNICAL UPDATE REMINDER: MINNESOTA INCREASED ITS R&D TAX CREDIT RATEJanuary 25, 2019For tax year 2017 and forward, companies spending significant research dollars in Minnesota can now claim larger...
02.14.2018 Tax Cuts and Jobs Act Impacts R&D Tax Credit
TECHNICAL UPDATETECHNICAL UPDATE TAX CUTS AND JOBS ACT IMPACTS R&D TAX CREDIT February 14, 2018Given the recent passage of the Tax Cuts and Jobs Act, we want to keep you up-to-date on the Act’s...
04.15.2016 Research Credit Enhancements Included in the Path Act
TECHNICAL UPDATE RESEARCH CREDIT ENHANCEMENTS INCLUDED IN THE PATH ACT April 15, 2016Enhancement 1: Start up companies are able to use the research credits generated in tax years beginning after...