Well Service Providers Well Service ProvidersAre you a well service provider that is unclear of your tax responsibilities relating to services that you provide at the well site? Due to recent changes/clarifications in policy by the Comptroller’s office you may find...
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Policy Reversal on Flowback Services
Memorandum SUBJECT: Taxability of flowback and water transfer services This memo supersedes the following hearings, and Policy Letter related to equipment provided to control flowback after the fracking of oil and gas wells. STAR Accession Nos. 202302014H –...
Are Fueling Services for Fracking Subject to Sales Tax as Equipment Rental
Are Fueling Services for Fracking Subject to Sales Tax as Equipment Rental? Written by: Gilbert Zamora & Dino Marcaccio Tex. Tax Code § 151.051 – SALES TAX IMPOSEDRule 3.294 – RENTALS AND LEASES OF TANGIBLE PERSONAL PROPERTY202009002L – AGENCY MEMO: SUBJECT:...
Resales and Exemption Certificates (Why Do Auditors Often Deny Them?)
Unfortunately, Sales Tax auditors are denying more resale and exemption certificates based on technical faults and/or auditor judgement. Because of stricter training procedures and new policies, many auditors are now enforcing a zero-tolerance certificate policy which results in over-taxation.
Why do Dentists get audited by the Texas Comptroller
Why do Dentists get audited by the Texas Comptroller? Answer: Because 61% of the audits are ‘tax due’ (mostly based on purchases) Please go to link the following 2 links: Completed - Dentist Sales Tax Audits (since 1-1-2020) Qty. 115Click here to view PDF Active -...
CONTESTING DISAGREED AUDITS, EXAMINATIONS AND REFUND DENIALS
If you have been audited by the Texas Comptroller’s Office and been incorrectly assessed taxes or denied a credit/refund you have the right to file for a REDETERMINATION OR REFUND HEARING. I have been a Texas Comptroller auditor and then a consultant for over 30...
Expensive Misconceptions
Recent media reporting shows that American automobile manufacturers could lose $110 billion in revenue in 2021 due to a shortage of computer chips. This shortage helps put into perspective how important manufacturing is to our economy. It’s no wonder that just about...
Multistate Tax Commission Online Marketplace Seller Voluntary Disclosure Initiative
The Texas Comptroller’s Office is participating in the Multistate Tax Commission (MTC) Online Marketplace Seller Voluntary Disclosure Initiative, which is designed to bring into compliance out-of-state (OOS) taxpayers who sell products in Texas and other states through online marketplaces.
Buyer Beware: State Tax Consultants Who Charge a Flat Fee
You’ve heard it before. If it sounds too good to be true, it probably is. Some Texas state tax consultants promise to take care of your entire audit (including both the field audit as well as the highly complex and time consuming Administrative Hearings process) for a single flat fee. DON’T BELIEVE IT!