Margin Tax Compliance Problems
CD of Teleconference with Q&A
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and Sales & Use Tax Monitor
By now, most corporate taxpayers doing business in Texas should have a good working knowledge of the state's new margin tax—taxpayers will have to start filing the returns in May.
However, under the enabling law and recently issued comptroller's regulations, your company will face a host of higher-level compliance and planning difficulties. Are you prepared to tackle Texas' three alternative tax bases and also different rates for industries?
This teleconference will go beyond the basics for corporate tax preparers and counsel who are versed in the basics of the law, but need an advanced briefing to resolve the more complex compliance challenges of this new tax law.
Listen as our panel of veteran tax advisors, all highly experienced with the Texas tax system, gives you a high-level review of the most difficult questions and hurdles they anticipate with the state's new margin tax.
The panel included:
Karey Barton, Senior Manager, Ryan & Co., Austin, Texas. He is among the leaders of a firm public affairs practice focused on state tax issues. He previously served as Tax Director to the reform commission that created the framework for the margin tax. He spent 14 years with the Texas Comptroller's Office, including a stint as Director of Tax Policy.
Pat O'Shea, Partner and Leader in State and Local Tax Practice, Grant Thornton, Dallas. He has more than 14 years of tax experience and consults with clients on state tax audits, state income tax refunds and other matters. He works with clients in sectors such as retail and manufacturing.
David Donnelly, Partner, Gainer, Donnelly & Desroches, Houston. He has more than 25 years in public accounting and tax planning. He serves on the Texas Society of CPAs' State Tax Committee and previously spent six years in the communications industry as a controller.
The panel gives you guidance to deal with these and other critical topics:
- Industry specific issues, particularly with respect to the cost of goods sold calculation.
- Tiered partnership reporting, specifically comparing and contrasting it with combined reporting.
- Meeting the dictates of FIN 48 and FAS 109 under the new tax calculation.
- Determining membership (or lack thereof) in a combined group.
- Examples of control test requirements, and choice-of-entity considerations.
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TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.
CONTINUING LEGAL EDUCATION
Link here for other tax teleconferences
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT. Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.