Webinar - Research Tax Credit Audit Defense With the New IRS

July 23, 2010 - PRLog -- Seattle WA. - RIX® Technology, LLC has announced two Research Tax Credit Audit Defense Webinars to be held on August 4th and August 19th, 2010. The webinars will focus on planning and preparation for IRS audits under the new Industry Director Directive #1.

With the Research Tax Credit designated as an LMSB Tier 1 issue, Research Tax Credit claims are part of every audit and receive more focus and attention than ever before.

If a company's Research Credit is based on traditional methods of documentation, such as year end interviews and recaps that include:
1.      Estimates
2.      Judgment samples
3.      Little contemporaneous documentation
4.      And do not include a direct nexus between business component and QREs
It is likely they will be challenged under IRS audit even though these methodologies have been accepted in the past.

In free webinars designed to show what to look for and how to accumulate supporting documentation for IRS audit, RIX Technology and The Miller Group will help companies prepare for upcoming audits.

“Companies have no idea what is coming”, says Marjorie Miller of The Miller Group. “Companies should be retaining 100% of their claim under audit, as they have in the past. Instead many are now settling for as little as 20% or nothing. This isn’t necessary. With proper preparation a company can retain a much higher percentage than they would otherwise, and we can help.”

Webinars are scheduled on August 4th and August 19th at 10 AM (PDT). The webinars are free, and by registration only. Registration can be completed online at http://rixtechnology.com/webinars/index.asp, or by phoning Nick Vasilieff at 206.619.9666.

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RIX® provides an exciting new online documentation service for taxpayers seeking federal and state R&D tax credits under Federal IRC §41. RIX® is a web-based technology and tax consultancy that simplies the process of obtaining Research Tax Credits that expand the credit a company receives while reducing costs.

The Miller Group is the leading consulting firm assisting U.S. and multinational companies to obtain Federal IRC §41 and State Research Tax Credits. TMG clients have annual revenues from $8 million to $12 billion and since 1992 have successfully obtained tens of millions of dollars in R&D tax credits.