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State Tax Matters The power of knowing. April 7, 2017Income/Franchise: California FT Discusses Late Payment Penalty Relief Pertaining to Retroactive Implementation of MarketSourcing Regulations FT

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What is incomefranchise?

Incomefranchise is a tax return that combines income tax and franchise tax into one filing for certain states.

Who is required to file incomefranchise?

Businesses operating in states that require incomefranchise filings are required to file.

How to fill out incomefranchise?

Incomefranchise can be filled out online or through the mail using the forms provided by the state's tax department.

What is the purpose of incomefranchise?

The purpose of incomefranchise is to calculate and pay income and franchise taxes owed to the state.

What information must be reported on incomefranchise?

Income, deductions, credits, and other financial information for the business must be reported on incomefranchise.

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