CrediTrak™ offers safety, security, and piece of mind so your firm is confident that the R&D expenses and projects claimed by your clients will withstand an IRS examination. Recent audit experience has shown that the IRS is heavily scrutinizing the methods by which companies claiming R&D credits calculate and present their R&D expenditures. Specifically, the IRS is verifying that a company's internal expense accounting methods are consistent with methods used to calculate the R&D expenditures. If they are not, and your client cannot provide a reasonable explanation for the difference, the claims are being disallowed, and penalties are being imposed on the tax return preparer.
CrediTrak™ is the only R&D tax credit software recognized by the IRS. IRS agents and field engineers have consistently commented at how organized, detailed, and thorough R&D studies conducted using CrediTrak™ are.
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"CrediTrak™ offers safety, security, and piece of mind so your firm is confident that the R&D expenses and projects claimed by your clients will withstand an IRS examination."