Listen "What You Don't Know Can Be Very Costly . . . IRC Sec. 41"
Episode Synopsis
FEMA, USDA, DEA, DOJ . . . Washington, DC is abounding in abbreviations that represent massive bureauocracies. Some Good, Some Bad. That brings me to the infamous IRS. I have often believed that this massive agency is misnamed and should be termed as the Internal Reclamation Service because it seems that they continue to dig deeper and deeper into your resources on many levels. Having said that, Jesus himself experienced a profound statement about his birth when the phrase was coined . . . Can any good thing come out of Nazareth? Well the same question could be asked of the IRS? Well, believe it or not and I am not talking Ripley's. Today we will discover an IRS Section that is largely overlooked and vastly unrealized. Then President Reagan inaugurated this substantial benefit to businesses and it has been upheld by every subsequent Presidential Administration since his enactment. Dare I say Keep Your Fingers Crossed, that it survives this President? It is commonly known as the R & D Tax Credit and it allows you to go back and recapture taxes that you have already PAID for up to three years both Federal and in approved states, State Taxes as well. Today, I will be interviewing Business Group Resources who over the last 4 years have recovered well over 100 million dollars for their business clients. We will find out today exactly how to go about getting these funds that you are entitled to recover back from taxes you have already PAID! On an average month, they are returning 4 Million Dollars to their clients, you should be one, wouldn't you agree?
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