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March 2, 2011Bret Wells
New Schedule UTP: “Uncertain Tax Positions In the Age of Transparency”
A taxpayer, when signing the jurat on the tax return, swears under penalties of perjury that the tax return is true, accurate, and complete. But, as a general rule, the taxpayer need not have a subjective belief that the tax position taken on the tax return is sustainable when making this sworn statement. Furthermore, tax advisors need not believe that a tax position is ultimately sustainable before they advise the client to take a position on a tax return.
November 1, 2017Nikki L. Laing
Texas Margin Tax: is It Time For the Curtain Call?
On January 1, 2008, the business landscape changed dramatically for tens of thousands of Texas-based businesses. This change was the result of legislation that made significant revisions to the Texas franchise tax (now commonly called the “margin” tax) by expanding its scope to include entities that never before had been subject to the tax and significantly altering how the tax is calculated. To put it mildly, the margin tax has not been well received, and it is doubtful that it will reach its tenth anniversary.
May 28, 2011William H. Hornberger
Choice of Entity How to Choose What Entity or Acquisition to Use
This outline discusses certain relevant federal income and Texas state tax considerations relating to the selection of an entity for engaging in business or investment.