Success Stories

Consolidated Filer

(These success stories are real projects. The information has been generalized to protect client confidentiality.)

Entity X is a multi-national brand producing computer components and accessories. Entity X has expanded their business over a period of years by establishing new operations in the United States. These operations included consulting and service organizations with very large revenues, in addition to their US manufacturing company. The consulting and service organizations operated autonomously and had little qualified Research Credit expense. As a consolidated Federal tax filer, Entity X believed it did not have sufficient qualified expense in the manufacturing company to exceed the high Fixed Base Amount in their consolidated filing.

Entity X was introduced to The Miller Group by their public accounting firm.

The Miller Group reviewed work papers for Entity X’s internal analysis of §41 potential, which was performed annually. It was apparent that Entity X had only included activity within their research department and had failed to examine all operations for Research Credit qualified activity.

This is very common error by companies and CPAs that prevents many from achieving their Research Tax Credits. The Miller Group was able to demonstrate that identifying, documenting, and quantifying all IRC §41 qualified activity of Entity X would result in a Research Credit at the Consolidated Federal Filing.

The Miller Group completed a Research Tax Credit project for Entity X addressing all US operations. Entity X qualified for substantial Research Tax Credits.

Consolidated Filers often fail to achieve their Research Tax Credits because of the technical complexity of the IRC §41 regulations. The Miller Group has the experience and resources to move taxes paid or owed to bottom line benefits. Remember that many States also have generous Research Tax Credits available. (Note: also see Fixed Base Percentage, NOL and State Tax Credits)