Meet Our Industry Leaders
Rachel Bishop
Senior Director, R&D
rachel.bishop@sourceadvisors.com
BIOGRAPHY
Rachel is a Senior Director of R&D Tax Credit Services for Source Advisors. Her primary responsibilities include the oversight of the Quality and Review team along with technical staff management and development, process improvement initiatives, and contributing to the strategic and visionary direction of the practice.
She has over 20 years of R&D Tax Credit experience working across a variety of industries with clients from small start-ups to Fortune 500 companies. She is a subject matter expert in custom manufacturing including automotive, aerospace, consumer products, electronics, equipment systems, and medical industries.
Prior to joining Source Advisors, Rachel was the Managing Director at a boutique R&D tax credit firm where she spent 14 years helping clients maximize R&D tax credits. She has extensive experience with federal and state exam and appeals representation. Rachel graduated from the University of Oklahoma with a BBA in Accounting, Masters level accounting and taxation coursework from the University of Texas at Dallas, and is a CPA.
Rachel maintains an extensive technical comprehension of the R&D tax credit and is the Co-Chair for the National R&E Roundtable Group, a group that is dedicated to best practices and IRS exam advocacy and resolution.
Insights Reviewed By Rachel Bishop
Can the r&d tax credit be used to offset the alternative minimum tax?
The Protecting Americans from Tax Hikes (PATH) Act of 2015 includes provisions that allow certain taxpayers to offset their AMT liability with the R&D tax credit for taxable years beginning on or...
How has the r&d tax credit expanded over the years?
Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies. Initially temporary, the federal R&D tax credit...
How does the r&d tax credit’s “startup provision” work?
R&D TAX CREDIT STARTUP ACTIVITIES AND INDUSTRIES With the expansion of the research and development tax credit over the years, more businesses than ever before engage in activities making them...
How do you calculate r&d expenses?
There are two general methods for computing the Research Tax Credit, the Regular Research Credit (RRC) Method and the Alternative Simplified Credit (ASC) method. Both methodologies are included on...
CHIEF COUNSEL ADVICE MEMORANDUM 20214101F
TECHNICALUPDATE CHIEF COUNSEL ADVICE MEMORANDUM 20214101F October 30, 2021 by DEBORAH ROTH, CPA On Friday, October 15th, 2021, the Internal Revenue Service published Chief Counsel Advice Memorandum...