Illinois Research and Development (R&D) credit, which took effect in 1990, was modeled on the
federal R&D credit in place at that time. The R&D tax credit has been one of the most valuable credits leveraged by companies. Every year, the R&D credit yields billions of dollars in federal and state benefits to companies engaged in qualifying research. Thousands of companies take advantage of the credit across several industries. Some of the common industries that qualify for the R&D tax credit include, but are not limited to:
The IRS is increasing their scrutiny of R&D Tax Credit claims, but with Titan you can rest easy. Easy and inexpensive, Titan is a total solution – web-based documentation software plus CPA oversight – that costs up to 1/3 LESS than using a look-back consultant. And, unlike the numbers produced by consultants, it stands up to IRS audits. Call Titan and get started claiming your credit today.
Catalano, Caboor & Co. is a Titan Armor R&D Tax Credit Software Strategic Partner.