Tax & Accounting Blog

Overwhelmed by Calculating and Substantiating Your R&D Tax Credit?

Overwhelmed by Calculating and Substantiating Your R&D Tax Credit?

Does calculating and documenting your R&D tax credit take valuable tax department resources or outsourcing dollars?   Does the time it takes to gather the necessary information or defend your tax credits prevent you from focusing on other tax issues? Does the thought of revamping your R&D tax credit process overwhelm you? If the answer … Read More

ONESOURCE Income Tax – State Tax Tip #4

ONESOURCE Income Tax – State Tax Tip #4

Workpaper of the Week: State Factor Reconciliation  Reconcile factor information from ONESOURCE Income Tax – State Allocation and Apportionment to the appropriate lines of the federal return, for both separate and combined/consolidated returns. This gives you an easy check that your factor data is complete, and provides the roadmap between factors and the federal return … Read More

Want Proof of Mailing to the IRS on Time?

Want Proof of Mailing to the IRS on Time?

Don’t Rely on USPS First Class, Priority Mail or Delivery Confirmation Service Did you know that the only ways to establish prima facie evidence of delivery of documents that have a filing deadline prescribed by the Internal Revenue laws are the delivery methods that are specifically authorized in the tax regulations for timely mailing as … Read More