Detailed and impartial analysis

Study & Claim Review

DST Advisory Group will perform a full review of a previous claim, whether it was prepared by another provider or completed in-house. We offer multiple options to best suit the needs of the taxpayer. Learn more here.

Review of in-house or other provider claims

Our experts are often called upon to perform a review of a claim prepared in-house or by another provider. Options include:

  • Financial and calculation based – inclusion of only qualified research expenses, utilization of the correct calculation methodology
  • Tax and legislative based – review of inclusion of research activities to ensure compliance to regulations and taxation requirements
  • Engineering and science-based – reviewing qualifying activities, documentation and substantiation, and overall reporting compliance

DST offers a detailed, impartial analysis of areas of exposure, or areas of opportunity.

How we best serve you

Our Process

Step 1 – Assessment and Scheduling

Where applicable, DST will conduct a preliminary analysis in order to estimate the Research Tax Credit (RTC) benefit available under the Agreement Period. The deliverable from this step will include a “Project Initiation Letter” which may also include a proposed work plan outlining the action items to accomplish the remaining steps, and a time frame for completion.

Step 2 – Facility Site Visit(s)

This step will involve strategic site visit(s) and/or conference calls with Subject Matter Experts (SMEs) of the Client, as approved by the Client. The deliverable from this step may include Site Visit Summary of Findings Report(s).

Step 3 – Analysis of Qualified Research Activities (QRAs) and Qualified Research Expenses (QREs)

This step will involve a review of the activities, expenditures and contemporaneous documentation under the Agreement Period. The review will include qualification and exclusions found under IRC Section 41, regulations and case law. This step will also include the preparation of DST tools for documentation of QRAs, QREs and contemporaneous documentation.

Step 4 – Preparation of RTC Calculations & Forms

This step will involve the preparation of the necessary Federal & State RTC calculations for tax return filing purposes (or for tax attribute schedules). DST will provide support with regards to any review of such information by Client’s external tax return preparer, where applicable. Such support will be considered part of Schedule B – Fees for Services Rendered.

Step 5 – Technical Nexus

DST will develop an RTC framework that establishes “Nexus” among qualified activities, expenditures and corroborative records. The Nexus framework will be outlined in the Legend Narrative.

Step 6 – Project Management and Review

The DST management team will oversee project implementation, review and delivery, where applicable.

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