What is a QRE?

A QRE is a "Qualified Research Expenditure" as defined by the IRS in Section 41(b). Basically a QRE is any eligible expenses for the credit, including wages, supplies and contract research expenditures. For most companies, full-time product development engineers’ wages come to mind first and are easiest to recognize; however, a closer look at definitions and examples may lead to the inclusion of additional wages, supplies or contract research. Below is a list of some tasks that can be performed within an organization that would qualify for the R&D Tax Credit: Manufacturing Fabrication Engineering New Product & Process Development Developing New Concepts or Technologies Design - Layout, Schematics, AutoCAD Prototyping or Modeling Testing / Quality Assurance: ISA 900X, UL, Sigma Six, etc. Integration of new machinery (CNC, SLA, SLE, etc) into existing process Software Development or Improvement Automating /Streamlining Internal Processes Developing Tools, Molds, Dies Developing or Applying for Patents

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