Franchise Tax Compliance

  • Most states do not consider the franchise tax a significant revenue generator, but there are a few where the liability can be in the millions of dollars. The Illinois Franchise Tax is unique and full of challenges which include it in this latter category
  • Our reputation for efficiently resolving complex Illinois Franchise Tax matters is a result of a proven track record and trusted professional relationship with the Secretary of State's Office
  • HMB has extensive experience reinstating corporations, resolving allocation issues, identifying and registering for various state franchise taxes and defending against the often archaic rules that generate disproportionate liabilities

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