Research & Development Credits
Created in 1981, the research and development credit is the most significant of the few domestic tax credits remaining under federal tax law. With benefits to companies exceeding $12,000,000,000 a year, the benefit is a common but often untapped opportunity for virtually any company/industry developing a new process or product, or improving an existing process or product. With the ability to take the credit in all open tax years and to carry forward unused credit 20 years, the potential financial return for almost any company is significant and warranted.