1 Year Tax Savings: $32,479 (Federal and State)
This specialty engineer in Utah commissioned Engineered Tax Services to help them file for a research and development tax credit. We uncovered $585,982 in total qualified research expenditures (comprised mainly of wages and contract research), saving them $32,479 on federal and state taxes.
Study Highlights | |
Wages | $378,192 |
Supplies | $0 |
Contract Research | $207,790 |
Total Qualified Research Expenditures | $585,982 |