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Understanding the Texas Comptroller’s Discretion to Redetermine the Tax on a Sales or Use Tax Report
The Texas Comptroller has the authority to redetermine the amount of tax owed by a taxpayer if he is not satisfied with the amount of tax paid or with a sales or use tax report.
Taxpayers Must File Annual and Information Reports to Comply with the Franchise Tax
Taxpayers must file an annual report with the Texas Comptroller of Public Accounts by May 15 of each year unless they have been approved for a filing time extension.
Current Developments in Texas Franchise Tax
Professor Alyson Outenreath provides legislative updates from the 81th session, discusses Texas Comptroller FAQ Guidance, and briefs important court cases published in 2009 in “Current Developments in Texas Franchise Tax.”
Understanding the Use Tax
The Texas use tax applies to items store, used, or otherwise consumed in Texas.
Understanding the Texas Comptroller’s Use of Sampling and Projection Methods in Audits
The Texas Comptroller of Public Accounts will use sampling and projection methods in performing audits of taxpayers’ records. Taxpayers should keep and maintain all necessary records for at least four years to reduce the ...
Sellers Must Retain Records for a Four Years Period
Texas sellers must retain transaction records for at least four years. Resale and exemption certificates must also be retained for at least four years.