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Latest CORE Case Study RD Tax Credit
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Research and Development Tax Credit Study (IRC Section 41)
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Prototyping and Design Firm
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$19 Million in annual Sales
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Net Cash Benefit: $397,960 (Tax Refund plus interest)
Note: Tax Benefit has a 20 year carry forward
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Wages for
Qualified
Services |
Total
Qualified
Research
Expenses |
Gross
Federal
R&D Tax
Credits |
Contract
Research
Expenses |
EST Net
Federal
Benefit |
|
Tax Year 2003 |
897,182 |
897,182 |
89,718 |
|
58,317 |
|
Tax Year 2004 |
1,209,892 |
1,209,892 |
120,989 |
|
78,643 |
|
Tax Year 2005 |
1,628,050 |
1,628,050 |
162,805 |
|
105,823 |
|
Tax Year 2006 |
2,387,338 |
2,387,338 |
155,177 |
|
155,177 |
|
TOTAL |
6,122,462 |
6,122,462 |
528,689 |
|
397,960 |
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Sealant Equipment & Supply, Plymouth MI
