California Finds Taxpayer’s Refund Claims Barred by 4-Year Statute of Limitations

The California State Board of Equalization (SBOE) sustained the Franchise Tax Board’s (FTB) action as Taxpayer didn’t file its corporate income tax return within the statute of limitations. Taxpayer filed a claim for refund for tax year 2013 as its corporate status was suspended. Taxpayer’s corporate status was later revised, and Taxpayer filed an amended return for the tax year ending June 30, 2010 in May 2016. The FTB rejected Taxpayer’s claim for refund because it was barred by the statute of limitations. Taxpayer protested, contending that its amended return was filed in 2013 and should’ve been accepted and processed ...