factual

For Beehive Homes, is the company subject to examination by the Internal Revenue Service for years before 2021?

Beehive_Homes Franchise · 2025 FDD

Answer from 2025 FDD Document

The Company files income and franchise taxes in the U.S. federal jurisdiction and in all states in which it operates. The Company is generally no longer subject to examination by the Internal Revenue Service for years before 2021.

Source: Item 23 — RECEIPTS (FDD pages 34–123)

What This Means (2025 FDD)

According to Beehive Homes' 2025 Franchise Disclosure Document, the company is generally not subject to examination by the Internal Revenue Service for years before 2021. This means that the IRS has likely already reviewed and closed out audits for those earlier tax years.

For a prospective Beehive Homes franchisee, this indicates that the company has a history of tax compliance, at least for the years preceding 2021. It provides some assurance that the company's financial records and tax filings have been scrutinized and found to be in good order for those years.

However, it is important to note that this statement only covers examination by the IRS. It does not preclude audits or reviews by state or local tax authorities. Additionally, the IRS could still potentially examine earlier years if there is evidence of fraud or substantial errors discovered in later filings. Franchisees should be aware that while past tax compliance is a positive sign, it does not guarantee future compliance or shield them from potential tax liabilities related to their own franchise operations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.