Navigating the Texas Margin Tax: RTFT Calculations, Entity Issues, Combined Reporting and Credit Optimizations
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide a guide to various compliance requirements and planning opportunities of the Texas Franchise Tax. The program will discuss options for calculating and report the most challenging aspects of the tax, including calculating margin, identifying Texas cost of goods sold, apportioning margin to Texas, identifying and claiming franchise tax credits, issues particular to partnerships and LLCs, and combined reporting questions.
Outline
- Margin tax calculation options
- Issues in computing revenues
- 2015 changes to tax rates and structure
- Electing deductions
- Combined reporting and affiliated entities
- Recent developments
- Compliance issues and case studies
Benefits
The panel will give you guidance to deal with these and other key issues:
- Industry specific issues, particularly with respect to the cost of goods sold calculation
- Identifying affiliates and addressing combined reporting issues
- Tax base alternatives—identifying the method that will result in the lowest tax bill for your company
- Mining tax planning opportunities—in the apportionment formula, passive entities, maximizing deductions, and other areas
- Anticipating tough audits—where the state is likely to challenge your company on the tax calculation, a unitary filing declaration, etc.
Faculty
Karen Harriger Currie
Partner
Jones Day
Ms. Currie's practice involves a wide range of tax matters. While her roots are in multistate taxation, she... | Read More
Ms. Currie's practice involves a wide range of tax matters. While her roots are in multistate taxation, she currently represents clients on myriad tax issues including corporate taxation; M&A; unitary, consolidated, and combined reporting; nexus; apportionment; and related controversy and compliance matters. She provides sophisticated tax planning and strategic advice on diligence issues, taxability, and structuring for more than 80 transactions each year. She regularly writes and speaks at conferences on a variety of state tax topics.
CloseBill Crow, JD
Chief Operating Officer
Dan Martinez & Associates
Mr. Crow brings over 21 years of multistate tax experience including tenure as an in-house tax counsel for a... | Read More
Mr. Crow brings over 21 years of multistate tax experience including tenure as an in-house tax counsel for a supermajor oil company and as a manager and partner for major tax consulting firms (including Big 4). He assists clients across the state and local tax spectrum, including income/franchise, sales/use, and property tax matters in nearly 50 states. Previously he was a senior leader in the national energy practice for a Big 4 firm, assisting major and supermajor energy companies with numerous state tax projects. He often presents on the revised Texas franchise tax (“Margin Tax”).
CloseChristina A. Mondrik, Esq., CPA
Mondrik & Associates
Ms. Mondrik, focuses her practice on state and federal tax controversies and litigation. She is board certified in... | Read More
Ms. Mondrik, focuses her practice on state and federal tax controversies and litigation. She is board certified in tax law by the Texas Board of Legal Specialization. She handles IRS cases involving substantial corporate, individual and estate taxes. Her state tax experience includes disputes arising under Texas franchise tax, sales and use tax, fuel taxes, severance taxes, motor vehicle sales tax, and other state taxes. She was the 2009-13 chair of the TSCPA state taxation committee and the chair of the 2009-10 state tax conference committee. As chair of the state tax committee of the TSCPA, she was a principal drafter of comments submitted by the TSCPA in response to legislation implementing the Texas margin tax and to administrative rules promulgated under the various state taxes.
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