# Neo.Tax

> Neo.Tax is an AI software company that automates the R&D tax credit and software capitalization for startups, SMBs, and enterprises. Its platform deploys a set of AI agents trained on IRS code, regulations, and case law to passively read engineering and financial data from systems like GitHub, Jira, payroll, and the general ledger, then produce audit-ready tax filings under IRC Section 41, Section 174, and ASC 350-40. Founded by a former Intuit product manager, a Stanford machine-learning PhD, and a former IRS R&D audit agent, Neo.Tax turns one of the most painful, manual processes in corporate tax into something close to a continuous, automated workflow.

- **Founded:** 2019
- **Headquarters:** Mountain View, California, United States
- **Founders:** Ahmad Ibrahim (Co-Founder & CEO), Firas Abuzaid (Co-Founder (Stanford ML PhD)), Stephen Yarbrough (Co-Founder & Head of Tax (former IRS R&D audit agent))
- **Team size:** ~30 employees (grew from 9 to 20 between early 2021 and early 2022)
- **Products:** R&D Tax Credit Study (IRC Section 41), R&D Capitalization (IRC Section 174), Software Capitalization (ASC 350-40), AI Tax Agents
- **Notable:** Raised $13M total across seed and Series A rounds backed by GV, Lux Capital, Floodgate, and Infinity Ventures, Reported revenue growth of ~3x in 2021, Achieved SOC 2 Type II certification with single-tenant and customer-hosted deployment options

## Products & services

- **R&D Tax Credit Study (IRC Section 41)** — AI-generated, audit-ready R&D tax credit documentation built automatically from a company's engineering and payroll data, replacing surveys and interviews.
- **R&D Capitalization (IRC Section 174)** — Automated calculation and documentation of R&D expense capitalization required under Section 174.
- **Software Capitalization (ASC 350-40)** — Automated software capitalization analysis that classifies engineering work for financial reporting.
- **AI Tax Agents** — A set of AI agents trained on IRS code, regulations, and case law that continuously analyze 20+ passive signals from systems like GitHub, Jira, payroll, and the general ledger.

## Achievements

- Raised $13M total across seed and Series A rounds backed by GV, Lux Capital, Floodgate, and Infinity Ventures
- Reported revenue growth of ~3x in 2021
- Achieved SOC 2 Type II certification with single-tenant and customer-hosted deployment options
- Partnered with Thomson Reuters to take automated R&D credits into the enterprise
- Reports 92% accuracy on Section 41 qualification in its AI workflow

## Latest updates

- **2022-02** — Closed a $10M Series A led by Infinity Ventures to expand R&D tax credit automation for startups and SMBs.
- **2024-01** — Expanded into enterprise with AI agents covering Section 41, Section 174, and ASC 350-40, and a partnership with Thomson Reuters.

## Links

- Website: https://neo.tax
- LinkedIn: https://www.linkedin.com/company/getneotax
- Twitter/X: https://twitter.com/useneotax
- YouTube: https://www.youtube.com/channel/UCF5dgoIbhc6DD85YI0uEgzw
- Facebook: https://www.facebook.com/useneo.tax

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Profile page: https://yespress.io/neo-tax
Published by YesPress — https://yespress.io
Last updated: 2026-06-13