Ideas & Insights

Taxpayers that properly secured a first extension may file a request for a second extension on or before Aug. 17, 2020.

Three recent cost of goods sold cases represent the highly nuanced nature of the Texas franchise tax calculation.

The Texas Comptroller adopted a $500,000 economic nexus threshold for the state's franchise tax effective in 2020.

Texas amends nexus rules providing for a $500,000 sales threshold for remote sales tax collection, effective Oct., 2019.

Tax amnesty to run through June 29, 2018, provide relief from interest and penalties for certain liabilities occurring before Jan. 1, 2018.

In response to the devastation from Hurricane Harvey, the IRS, Texas and other states have provided guidance on extended filing deadlines. Texas ...

Taxpayers in declared disaster areas are eligible for postponement of state tax payments under certain conditions.

Comptroller policy letter ruling addresses credit loss under late-filed reports and claiming a credit when a member leaves a combined group.

A recent court case emphasizes that the burden of proof is on the taxpayer when it comes to claiming deductions. On May 17, 2016, the Texas ...

Texas comptroller proposes retroactive rule amendments to narrow the application of the reduced retailer/wholesaler franchise tax rate.

Texas Comptroller rules that cloud-based transaction facilitation services are not sourced to the state for franchise tax purposes.

Texas Supreme Court rules overall net losses cannot be used to offset other receipts for apportionment factor computation purposes.

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