JD Supra
Tax Refund Process and Related Points Resulting from Constitutional Issue with Franchise Tax | JD Supra
...Refund Possibility – Under the Bill, taxpayers will have the potential for a franchise tax refund if the tax was reported to the Department on a Franchise and Excise Tax Return filed on or after January 1, 2021, covering a tax period that ended on or after March 31, 2020 – essentially covering the tax year 2020, 2021, 2022 and 2023 – where the franchise tax was computed based upon Schedule G (the alternative minimum measure using the taxpayer's...
6 days ago