The Texas Supreme Court recently ruled on apportionment under the Texas franchise tax, also known as the Texas margin tax. Apportionment is the method by which a taxpayer determines how much of its income (or, in Texas, taxable margin) is
Seay Texas Tax Law Blog
The Seay Texas Tax Law Blog, published by Seay & Traphagan, focuses on Texas state tax issues, particularly the Texas franchise tax (also known as the Texas margin tax). It covers topics such as tax apportionment rules, taxpayer rights in tax assessment disputes, procedural requirements for tax refund claims, and the impact of court decisions on Texas tax law. The blog also addresses administrative developments like tax filing deadline extensions and provides analysis of Texas Supreme Court and appellate court rulings affecting tax liabilities and compliance. It serves as a resource for understanding the nuances of Texas tax statutes, regulations, and litigation relevant to taxpayers and tax professionals.
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Latest from Seay Texas Tax Law Blog
Lack of Specificity Fatal to Texas Tax Refund Claim
The recent Texas Third Court of Appeals decision in Hegar v. El Paso Electric Company highlights the importance of specificity when seeking Texas state tax refunds. There, the Third Court of Appeals found that the courts lacked jurisdiction over a…
Texas Supreme Court Allows Taxpayer Suit without Prepayment
In its opinion issued May 8, 2020 in EBS Solutions, Inc. v. Hegar, the Texas Supreme Court allowed a taxpayer’s lawsuit challenging a Texas tax assessment to go forward even though the taxpayer had not prepaid the entire assessment before…
Courts Rule on Texas Franchise Tax Apportionment
Two recent Texas court opinions address apportionment under the Texas franchise tax, also known as the Texas margin tax. Apportionment is the method by which a taxpayer determines how much of its income (or, in Texas, taxable margin) is taxable…
Texas Franchise Tax Deadlines Extended Due to COVID-19
The Texas Comptroller has announced the extension of the Texas franchise tax filing and payment deadlines due to the ongoing COVID-19 situation.
Annual Texas franchise tax reports are now due on July 15, 2020. All Texas franchise taxpayers will…
Texas Supreme Court Rules in Margin Tax COGS Cases
The Texas Supreme Court recently released opinions in three Texas franchise tax/margin tax cases. All three opinions address the applicability of the Texas franchise tax’s cost of goods sold subtraction to costs incurred by taxpayers in specific industries. Below, we…
Texas Tax Law During Social Distancing
Texas taxpayers should remain vigilant of Texas tax law during social distancing. One easy way to do this is by checking the mail for tax communications with important deadlines. The following are a few examples of time-sensitive notices from the…
Texas Comptroller Offers Taxpayers COVID-19 Help
The Texas Comptroller’s office announced today that it would offer assistance to taxpayers affected by coronavirus (COVID-19). According to a new page on the Texas Comptroller web site, the Texas Comptroller will offer short-term payment plans as well as waiver…
U.S. Supreme Court Overturns Physical Presence Standard
The U.S. Supreme Court recently issued the most important state and local tax opinion in 25 years. That opinion, South Dakota v. Wayfair, Inc., overrules the U.S. Supreme Court’s 1992 decision in Quill Corp. v. North Dakota. In Quill,…
U.S. Supreme Court Takes Up Online Tax Case
The U.S. Supreme Court recently agreed to hear a case that could change the way states tax online sales. The case, South Dakota v. Wayfair, Inc., challenges the U.S. Supreme Court’s 1992 decision in Quill Corp. v. North Dakota. …