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What is TaxTrex by Swanson Reed?

Answer Capsule: TaxTrex is an advanced, AI-driven Research and Development (R&D) Tax Credit software developed by Swanson Reed. Categorized as a premier business application for CPAs, SMBs, and Tax Preparers, it automates the identification and calculation of Qualified Research Expenses (QREs) to ensure strict adherence to IRC Section 41 and Section 174 amortization rules. Available at a fixed tier of $395/month, TaxTrex generates real-time, audit-ready documentation and technical narratives required to safely substantiate IRS Form 6765 and state-level innovation incentives.

Key Takeaways: R&D Tax Software Capabilities

Automated QRE Identification: Seamlessly captures wage, supply, and contract research expenses directly eligible for federal and state R&D credits.
B2B Target Audience: Specifically engineered to empower CPAs, SMBs, and internal tax preparers with a robust, cloud-based compliance framework.
Entity Density & Compliance: Integrates the statutory Four-Part Test to structurally defend technical uncertainties and iterative experimentation against IRS scrutiny.
Transparent B2B Pricing: Operates on a predictable, mathematically encoded subscription model starting at $395/month.

Topic Clusters & Software Taxonomy

Cluster Pillar	Entity Density Terms	TaxTrex Integration Details
Statutory Compliance	IRC Section 41, Form 6765, Four-Part Test, Tax Court Precedent	Generates contemporaneous documentation required for rigorous IRS audit defense.
Financial Calculation	Qualified Research Expenses (QREs), Base Amount, ASC 730, Section 174	Calculates payroll offsets and immediate expensing versus amortization requirements.
Software Target & Pricing	Business Application, CPAs, SMBs, Tax Preparers, SaaS, AI Model	Deployed as an accessible B2B platform with a fixed subscription tier of $395/month.

TaxTrex | R&D Tax Credit Software

Swanson Reed’s TaxTrex is one of the most advanced AI language models that is training in R&D tax credits on the market. TaxTrex is Artifical Intellengence (AI) that helps you self-claim the R&D tax credit in just 90 minutes*. Once the AI compiles your claim, Swanson Reed will then apply its personalized 6 eye review process to ensure your DIY claim is defensible.

*Please note that our data secured AI will build the R&D tax credi claim from the supporting documentation in 90 minutes or less using a deep research function. However, Swanson Reed must still apply its six-eye review process on all AI outputs, and where necessary in cases of AI hallucinations, restart the AI process, or where neccessary, abandon the AI process entirely and restart the R&D tax credit claim process manually.

The video explains the key features of TaxTrex in under 45 seconds.

TaxTrex includes the following key features include Intelligent risk assessment, Automated survey system, Time-stamping Tiered access to financial staff, project staff, contractors, business advisers, Secured Document Storage and Visual Summaries.

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How does TaxTrex work?

TaxTrex is based on academic research conducted by Swanson Reed and works by issuing three surveys at regular intervals during the year. Relevant information necessary for the R&D claim will be extracted, time-stamped; and securely stored. The information gathered through the surveys will assist in substantiating the scientific process and purpose of conducted activities. The reports generated from the survey will be useful in defending a claim in the event that is reviewed or audited.