Ask us for the R&D Example pdf
The R&D Example is not a “do it yourself” form or a document we submit to the IRS.
It was created by Montoya Tax & Accounting to help clients understand how their company integrates with the R&D Tax Credit and how we maximize the credit.
What to know before you file for the R&D Tax Credit
The 4 part test:
1. New or improved business components.
2. Technological in nature.
3. Uncertainty.
4. Process of Experimentation.
But it has to be drawn up in such a way that the IRS are used to seeing it.
Why are some applications denied? When a company’s accountant submits lots of engineering paperwork, they often get a letter back from the IRS saying “this is not in a format that we can understand.”
Montoya Tax and Accounting researches how Wages, Supplies, and Contract Research, are Qualified Expenditures under section 41 of the IRS tax code so that the Credit is Maximized.
Most Businesses Are Surprised To Learn They Qualify For An R&D Tax Credit
If your business uses technology in some way to develop, design or improve something—such as products, techniques, formulas or software—there’s a good chance we can help you obtain the Research & Development (R&D) Tax Credit. This tax incentive was designed to encourage development in just about every industry.
You can qualify for costs incourred 3 or 4 years ago
If you didn’t realize the government considers your activities to be “research and development” you’ll be surprised to learn that we can go back three years on Federal returns and four years on California returns to recapture this tax credit.
Call us at 619-578-2514 today to learn if you qualify for the R&D Tax Credit. We have over 15 years of experience with this often-overlooked tax incentive, and offer complete audit defense.