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Agricultural, Public Interest, and Burial Organizations May Be Exempt from the Franchise Tax
Many nonprofit organizations may qualify for a franchise tax exemption, but must first submit a written application to the Texas Comptroller of Public Accounts. These organizations are still responsible for paying other ...
Penalties for Failing to File Sales Tax Report and Pay Taxes
The failure to file sales and use tax reports can lead to the imposition of civil and criminal penalties and interest; the Texas Comptroller can choose to waive the civil penalties and interest.
The Taxation of Motor Vehicles is Governed by Separate Tax Rules
Motor vehicle sales are subject to the Texas motor vehicle sales and use tax with few exemptions. County tax assessors collect the majority of Texas motor vehicle sales and use tax.
Tips on Using Exemption Certificates to Rebut the Presumption That All Sales Are Taxable
Exemption certificates allow purchasers to obtain goods without paying Texas sales and use taxes. Both sellers and purchasers should retain copies of the exemption certificates for a minimum of four years for protection ...
Understanding Who Are Sellers or Retailers and Their Sales and Use Tax Obligations
The Texas Tax Code requires Texas retailers and sellers to collect sales tax for any taxable sale and remit such sales tax to the Texas Comptroller of Public Accounts.