Faqs

Frequently asked questions

What is R&D Tax Credits?

R&D Tax Credits are incentives aimed at encouraging businesses to invest in research and development. These credits provide a dollar-for-dollar reduction in federal and sometimes payroll tax liabilities.

How can R&D Tax Credits benefit my business?

With R&D Tax Credits, your business can achieve significant tax savings, potentially receiving 10-20% of qualified expenditures back. This fosters innovation and supports your technological advancement efforts.

What services does Wisetree Tax provide in R&D Tax Credit facilitation?

Our services include identifying potential credit opportunities, confirming eligibility, conducting project-based analyses, collecting relevant documentation, advising on credit options, assisting with form preparation, and managing report filings.

Who qualifies for R&D Tax Credits?

Organizations engaged in activities to develop new or improved products, processes, software, inventions, or techniques within the USA may qualify.

What kind of support does Wisetree Tax offer in case of an IRS audit?

Should an audit arise, Wisetree Tax offers robust audit support, standing by your side with the necessary documentation and guidance.

Can Wisetree Tax assist with both federal and state R&D Tax Credits?

Yes, we specialize in both federal and state R&D Tax Credit claims, maximizing your potential benefits across the board.

What is the process for preparing and filing R&D Tax Credit claims with Wisetree Tax?

We guide you through every step, from electing credit offset options to preparing Forms 6765 and 8974, culminating in the accurate filing of your claim.

How can I start the process of claiming R&D Tax Credits with Wisetree Tax?

Reach out to us to discuss how we can enhance your research initiatives. Our team is ready to guide you through the R&D tax credit landscape, ensuring a seamless and beneficial experience.