A corporation’s tax department is fully employed just filing tax returns with multiple states and scores of cities, each with its own unique tax code. It is no wonder that businesses routinely pay more tax than they actual owe. The Risenmay Law Firm’s knowledge of legislative and regulatory changes, coupled with industry and technical experience, can identify a variety of opportunities to recover excess taxes. In most cases, the Firm can quickly identify where refunds are due with minimal disruption to your business.
In addition, state and local tax auditors concentrate on finding those areas where taxpayers may have inadvertently underpaid their taxes; but the Firm’s experience shows that taxpayers are just as likely to have overpaid taxes in other areas. For this reason, it is often best to conduct a tax refund review in conjunction with an audit defense. This allows you to obtain tax credits for your overpayments at the same time any potential tax assessments are being considered.