Fort Worth, TX—December 8, 2020 Source Advisors, a leading specialized tax consulting firm providing R&D Tax Credit, Cost Segregation, LIFO inventory, §179D and §45L solutions nationwide for more than 37 years, with support from their equity partner Gainline Capital Partners, has acquired Intrepid Advisors, a business consulting firm that offers engineer driven expertise and consulting …

Read moreIntrepid Advisors Joins Forces with Source Advisors

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 easily converted to cash? The short answer is no. R&D tax credits are used to offset a corporation’s income tax or …

Read moreR&D Tax Credits Refundable or Recoverable?

When it comes to claiming R&D tax credits, many taxpayers are unaware of the rules allowing them to carryforward the unused portion of their research tax credit. In most situations, a company who has qualifying research expenses but no income can carryforward the credit to offset tax liabilities on future profit. Any unused R&D credits …

Read moreWhat is the R&D Tax Credit Carryforward Period?

Many small and midsize businesses affected by COVID-19 are struggling to maintain their cashflow, operational capabilities, and internal research and development activities. The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided some financial relief to these businesses affected by COVID-19 through emergency grants, retention tax credits, and forgivable loans that only provide temporary help …

Read moreAnother Source of Cash from Government Tax Credits