Are "sales and use tax" and "franchise tax" two separate entities or do I have to file reports for both?
I started a small business for myself and then decided to close before any money was made - so I am reporting zero anyway, however; I also do the bookkeeping for another small business and want to make sure I am filing the correct reports. I file a 941 and pay online every quarter, but we received a notice about not filing franchise tax info.
Asked on 4/27/10, 8:53 am
1 Answer from Attorneys
Arthur Geffen
Arthur H. Geffen, P.C.
They are two different taxes. Reports are due for both
Answered on 5/04/10, 1:19 pm
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