“We do not have a research lab.”
Most qualifying work occurs in engineering, production, testing, or software environments.
“We are not a technology company.”
Many Stow manufacturers and service-based organizations qualify.
“We only improve existing products.”
Enhancements qualify when structured testing or evaluation occurs.
“This credit is only for large corporations.”
Small and mid-sized Stow businesses qualify every year.
“We don’t develop new products.”
Improvements to existing systems or production methods qualify.
“We already perform this work, so it probably does not count.”
Engineering evaluation, concept testing, and problem-solving often meet IRS standards.