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Frequently Asked Questions

Listed below are some of the most frequently asked questions our team receives about R&D tax credits

Can my company’s chances of audit increase by claiming R&D Tax Credits?

This is a common misconception among small and medium businesses. Taking the R&D Tax Credit on a timely-filed return, including extension, does not increase your company’s audit risk. According to the IRS, only 0.9% of corporate tax returns and 0.2% of small businesses (S corps and partnerships) are randomly selected for audit. 

According to IRS guidelines, a return can be selected for audit based on a myriad of reasons. There is no directive that specifically targets companies who claimed R&D Tax Credits.

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