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The Documentation Gap Behind Missed R&D Tax Credits

Documentation Gap Behind
International Business Times Fews App News Provider
Fews App Post Time 18h ago

The research and development tax credit has existed for decades. It is legislated, it is available, and it is audited more aggressively than most business owners realize. The IRS has designated research credit claims as a Tier I audit issue, noting that claims are often filed using high-level estimates, invalid assumptions, lack of means between qualified research expenses and the business component without contemporaneous documentation to support the claim.

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