The Time to Consider San Francisco Gross Receipts Tax Refund Claims is Now

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The San Francisco Gross Receipts Tax (GRT) incorporates provisions of both the federal income tax and the California income and franchise tax. Taxpayers should review their federal and California tax reporting that may impact GRT liability, and consider filing GRT refund claims before the expiration of the one-year statute of limitations.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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