$76,000 in Tax Credits for a Manufacturing Business

Molen & Associates coordinated an R&D tax credit study that generated more than $76,000 in tax credits while helping the owners navigate amended filings under a tight deadline.

A manufacturing company had qualifying research activities but had never pursued available R&D tax credits. They wanted to maximize available incentives while remaining compliant.

The engagement required multiple amended returns and significant coordination. Just before filing, one shareholder and spouse unexpectedly left the country, creating a narrow window to obtain signatures before the filing deadline.

Our team coordinated with the client, the shareholders, and the R&D specialists to prepare amended S Corporation and individual returns. Despite the last-minute challenges, everyone worked together to obtain the required signatures and submit the returns on time.

The company qualified for $76,000 in R&D tax credits over four years. The owners also identified opportunities to improve bookkeeping processes to better capture qualifying material costs and maximize future credits.