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If an entity liquidates their business prior to the end of their tax year do they have to file a franchise tax return, and could they be liable for franchise tax?

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If an entity liquidates their business prior to the end of their tax year do they have to file a franchise tax return, and could they be liable for franchise tax?

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Yes. The liquidated entity would be responsible for a final franchise tax return just like it would be responsible for a final income tax return.

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