Success Stories

Net Operating Loss Years

In general the available tax years for the IRC §41 Research Tax Credit include the current year and the three prior tax years. These four available tax years can be expanded by any tax years still open to audit and adjustment by agreement with the IRS. Where State Research Tax Credits are available, they sometimes have an additional year of availability (four year statute) and do not typically follow the Federal definition of the statutory expiration date.

Every business should be aware of the critical expiration periods of earlier tax years in order to achieve their maximum Research Tax Credits.

Net Operating Loss years can offer additional opportunity for the Research Tax Credit even if they are beyond the three year Federal statute.

Companies that were in business in the 1984-88 time period generally have increased current potential for the Research Tax Credit. However, companies considered Start-Ups under IRC §41 often have NOLs in their early years of operation that offer additional opportunity for Research Tax Credit benefits.

If you have not achieved your maximum Research Tax Credit benefits you should contact The Miller Group directly for more information.

The Miller Group has the resources and experience to achieve accurate, durable Research Credits for companies with qualifying activities. Research Credit projects completed by The Miller Group result in comprehensive, annual documentation that address all requirements of IRC §41. The documentation is structured to be self-substantiating under any review.

The Miller Group assists companies to achieve their Research Tax Credits for all available tax periods. We also advise our clients on proper methods to maximize Research Credits in future years.