TPA Arlington 2022 Slide Deck

Qualified Research Expenditure

IRC Section 41 – The development of a new or

SUPPLIES Expendable materials consumed

improved business component, i.e., new or improved designs.

WAGES Typically, largest component. Calculate the % of employees’ qualifying time/hours Multiply this % by annual wages per W-2

CONTRACTOR Same pro-rata rules as above. Only 65% of qualifying costs eligible.

R&D TAX CREDIT. // 156

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