Oklahoma Shortens Statute of Limitations for Filing Sales and Use Tax Refund Claims from Three Years to Two Years

USA Profile Username: jon@newsinnovations.com / edit profile Oklahoma Shortens Statute of Limitations for Filing Sales and Use Tax Refund Claims from Three Years to Two Years PR Newswire DALLAS, June 10, 2016 DALLAS, June 10, 2016 /PRNewswire/ -- On Monday, June 6, 2016, Governor Mary Fallin signed Oklahoma House Bill 3205, which reduced the period for filing a sales and use tax refund claim from three years to two years. Any taxpayer that has erroneously paid Oklahoma sales or use tax may file a claim for refund within two years of the date of payment of the tax. The Oklahoma Tax Commission may accept an amended sales or use tax report or return as a verified claim for refund if either establishes a liability less than what was provided on the original report or return. This shortened two-year statute of limitations is effective August 25, 2016. Although the limitations period for sales tax refund claims changed from three years to two years, the limitations period for audits remains at three years. About Ryan Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. Logo - http://photos.prnewswire.com/prnh/20160125/325377LOGO TECHNICAL INFORMATION CONTACT: Damon N. Chronis Principal Ryan 972.934.0022 damon.chronis@ryan.com Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Damon Chronis ProfNet - https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=112047   SOURCE Ryan Web Site: http://www.ryan.com Follow Us To change the settings for your profile(s) or email delivery, go to https://prnmedia.prnewswire.com/profile/?action=editProfile and select the profile you would like to edit. You can select the industries, subjects, languages, geographical areas, companies, delivery options and delivery frequencies of your choice. In addition to current press releases, you can also find archived news, corporate information, photos, tradeshow news and much more on the PR Newswire for Journalists website: https://prnmedia.prnewswire.com To contact us, email: mediasite@prnewswire.com Please do not reply to this email; this is an automatically generated message. Copyright © PR Newswire Association LLC. All Rights Reserved. A UBM plc company. Our mailing address is: 350 Hudson Street, Suite 300 New York, NY 10014-4504