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    Cwalker327's Avatar
    Cwalker327 Posts: 2, Reputation: 2
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    #1

    Jul 1, 2015, 01:07 PM
    Franchise taxes refund
    How do I record a franchise tax refund on the books?
    Cwalker327's Avatar
    Cwalker327 Posts: 2, Reputation: 2
    New Member
    		  
    #2

    Jul 1, 2015, 01:13 PM
    How do I record a franchise tax refund?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jul 4, 2015, 05:44 AM
    If the franchise tax was deducted on the federal and state income tax return, then the refund is considered income.
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