Texas' New Business Tax: Conquering the Most Complex Issues

Anticipating and Resolving High-Level Margin Tax Compliance Problems

Recording of a 100-minute CPE webinar with Q&A

Conducted on Wednesday, March 4, 2009

Program Materials

This seminar will equip you with the background and practical tips you need to tackle the most complex and difficult aspects of Texas margin tax compliance.


Corporate taxpayers doing business in Texas soon will have to file their second annual margin tax returns. One filing year's worth of experience has not removed all obstacles to proper and smooth compliance for the vast majority of companies.

Under the enabling law and subsequent comptroller's regulations, your company faces a host of higher-level compliance and planning difficulties that are taking some time to master. For example, how are you handling Texas' three alternative tax bases and different tax rates for industries?

This teleconference will go beyond the basics for corporate tax preparers and counsel who are versed in the margin tax fundamentals but who need an advanced briefing to resolve the more complex compliance challenges.

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 taxpayers will still face in their second year of filing.



  1. Recent Relevant Guidance From Comptroller’s Office
  2. Calculation Of Taxable Revenue
  3. Tax Rate Choices
  4. The Cost Of Goods Sold Deduction
  5. Compensation Issues
  6. Preservation Of NOL Credits
  7. Procedural Issues Involving Margin Tax Forms
  8. Issues For Combined Groups
  9. Direct And Indirect Control
  10. Special Issues For Passive Entities
  11. Special Implications For Tax Accounting
  12. Tax Allocation Issues


The panel will give 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.


Amanda Fathke
Amanda Fathke
Director, State and Local Taxes

She has over 14 years of state and local tax accounting with PricewaterhouseCoopers and two other Big 4 firms. She...  |  Read More

James A. Smith
James A. Smith

Managing Director
Smith Jackson Boyer & Bovard

He was the chair of the Texas Society of Certified Public Accountants from 2007-2008. He has over 37 years of...  |  Read More

Eric L. Stein
Eric L. Stein
Managing Partner
Ryan and Co.

He is a former administrative law judge and supervising hearings attorney with Franchise Tax Section in the Texas...  |  Read More

Terry Gaul
Terry Gaul
State and Local Tax Senior Manager
Grant Thornton

He has over 20 years of advisory experience in state and local tax planning and compliance. He focuses on state income...  |  Read More

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