DMA’s State Income & Franchise Tax Recovery service is designed to identify and obtain all state income and franchise tax refund opportunities for all periods open according to the statutes of limitations. In addition, we provide you with recommended solutions to mitigate future overpayments of state income and franchise tax.
Our results-oriented review process is customized to your specific business operations. It includes a review of all state and city income and franchise tax filings, along with additional amounts paid as a result of audit assessments. DMA identifies potential overpayments, prepares schedules and supporting documentation, and cites state laws, regulations and court cases to substantiate our findings. With your approval, we file refund claims with states as required by statute. And, we work with the states until you receive refund checks, credits, or benefits from our recommendations. Any exposure items identified during our review process are brought to your attention as well. Often we are able to assist in mitigating any exposure and making recommendations to prevent these issues from occurring in the future.
Our State Income & Franchise Tax Recovery service can be performed in conjunction with RAR Compliance Services. Oftentimes, the refunds generated by the overpayment recovery can be used to fund solutions, thereby relieving necessary budgeting requirements for you.