Statutory Tax Recovery • 8 Del. C. § 505

Delaware Franchise Tax Overpayment & Refund Recovery

If your corporation mistakenly paid Delaware’s default Authorized Shares assessment (e.g. $85,215), Delaware General Corporation Law § 505 entitles you to file an Amended Annual Report within 3 years to recover the difference in cash or state tax credits.

Recoverable State Cash Refund (8 Del. C. § 505)

$84,715.00 USDNet after $50 State Amendment Fee

You paid $85,215.00 to the Delaware Secretary of State. Under the Assumed Par Value Capital Method, your true statutory liability was only $450.00.

Eligible for full refund under 8 Del. C. § 505. You have until 2/28/2029 (887 days) to submit your Amended Annual Report.

Have a CPA File This For You ($249)

Overpayment Details & Recalculation Parameters

Adjust the figures below to match what was paid and your corporation’s IRS Form 1120 Schedule L balance sheet.

Amount Paid to Delaware ($):What your credit card or check paid

Date Tax Was Paid:Begins the 3-year statutory clock

Tax Year Overpaid:Annual report year being amended

Total Gross Assets ($):IRS Form 1120 Sched L Line 15(d)

Total Issued Shares:Shares actually held by founders/investors

Total Authorized Shares:Per Certificate of Incorporation