What is the procedure for requesting a refund?
To request a refund in connection with an amended Ohio corporation franchise tax report, corporations should file an amended report along with an Application for Corporation Franchise Tax Refund (prescribed form FT REF) (the preferred method). However, a letter accompanying the amended report detailing the reasons for the overpayment may be accepted in lieu of form FT REF if the letter contains a statement which sets forth the full and complete reason for the overpayment. See Abitibi-Price Corporation and Subsidiaries v Tracy, BTA No. 98-N-401(3-12-01). The filing of an amended report without an application for refund or without a letter detailing the reason for the claim is not sufficient and does not constitute an application for refund. An application for refund is not required when the claimed overpayment is indicated on the originally filed corporation franchise tax report.
To request a refund in connection with an amended Ohio corporation franchise tax report, corporations should file an amended report along with an Application for Corporation Franchise Tax Refund (prescribed form FT REF) (the preferred method). However, a letter accompanying the amended report detailing the reasons for the overpayment may be accepted in lieu of form FT REF if the letter contains a statement which sets forth the full and complete reason for the overpayment. See Abitibi-Price Corporation and Subsidiaries v Tracy, BTA No. 98-N-401(3-12-01). The filing of an amended report without an application for refund or without a letter detailing the reason for the claim is not sufficient and does not constitute an application for refund. An application for refund is not required when the claimed overpayment is indicated on the originally filed corporation franchise tax report. Form FT REF applies to claimed overpayments by a taxpayer, whether payment was made voluntarily or as the re
To request a refund in connection with an amended Ohio corporation franchise tax report, corporations should file an amended report along with an Application for Corporation Franchise Tax Refund (prescribed form FT REF) (the preferred method). However, a letter accompanying the amended report detailing the reasons for the overpayment may be accepted in lieu of form FT REF if the letter contains a statement which sets forth the full and complete reason for the overpayment (see Abitibi-Price Corporation and Subsidiaries v Tracy, BTA No. 98-N-401(3-12-01)). The filing of an amended report without an application for refund or without a letter detailing the reason for the claim is not sufficient and does not constitute an application for refund. An application for refund is not required when the claimed overpayment is indicated on the originally filed corporation franchise tax report. Form FT REF applies to claimed overpayments by a taxpayer, whether payment was made voluntarily or as the r
