Capture you’re R&D Credit the right way …
… Defensible (by IRS Standards) AND Cost Effective!
If you throw enough resources at it, you can get any project done. The same is true with capturing your R&D Credit. Why make it harder (i.e. more expensive) than it needs to be?
When it comes to the R&D Tax Credit, you have FOUR choices:
- You can ignore it – You have every right to over-pay your taxes. We all know the federal government can use the extra income!
- You can guess – Wait until the end of the year, look back on everything you’ve done, and “estimate” how much you spent on qualified research activities. This was standard practice during the Second Generation of the R&D Tax Credit, but is under significant IRS scrutiny today. Don’t take our word for it – check out the R&D Credit legal database. We’ve compiled all the current law around the R&D Credit in an easy-to-navigate format, with a focus on the R&D Credit being an IRS Tier I Issue.
- You can do it yourself – Once you understand the body of law (which continues to change), you’ll know what you need to do to meet the IRS documentation requirements. Go for it . . . but don’t spend too much in the process!
- You can use Titan Armor – In less than one minute a day, every employee who touches your R&D activities can do their part to meet the documentation requirements. There’s no faster, cheaper way of getting it done!
If you’re interested in Option 4, choose one of the next steps below.
Welcome to the Third Generation of the R&D Tax Credit!
