R&D Tax Credit Studies
The IRS Four-Part Test for Qualifying Business Activity
What kinds of research expenses qualify for the R&D tax credit?
Research expenses that qualify for the R&D tax credit are known as qualified research expenses or qualifying research expenditures (QREs).
QREs include:
- Wages paid to employees who engage in qualified research
- Certain supplies used in the conduct of qualified research
- Contract research amounts paid to a third party to perform qualified research or services (allowed at 65% of the actual cost incurred)
- Basic research payments made to qualified educational institutions and scientific research organizations (allowed at 75% of the actual cost incurred)
Our article on Qualifying Research Expenditures has more information.
Why Tri-Merit for Your R&D Tax Credit Study?
It’s important to feel confident in your choice of specialty tax partner. R&D tax studies require technical and engineering expertise as well as tax know-how.
Our team of CPAs, engineers and attorneys combine technical expertise with strong core values and a client-centered approach. We make your life easier by taking a customizable, flexible, and thoughtful approach to produce the best possible outcome. We engage clients in the most efficient and effective way possible, requiring minimal time and effort that results in a refreshingly simple process.
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