Credits & Refunds
Texas Tax Group – Your State Tax Refund and Audit Defense Specialists
Could you have inadvertently overpaid Texas state sales tax for your business? The problem is not uncommon. Other companies may charge you more than necessary to hedge their own records in case of audits, or you could have returned goods you already paid taxes on.
Simple errors when determining exempt and taxable transactions can result in overpaying taxes. Texas Tax Group can help determine if you have overpaid sales taxes and help you get it back.
Texas Tax Group’s state tax recovery specialists study how the tax rules apply to your business, review your records for possible overpayments, and handle the details of any refund requests.
Could I Be Due a Credit on State Taxes?
Your Texas business could be due a credit on overpaid taxes. The above vendor-related cause is only one reason. Other reasons you could be due a credit are bad debts, returned goods, repossessions, or just simple errors when determining exempt and taxable transactions.
There are four ways to get back overpaid sales taxes:
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- Ask the vendor for a refund of the overpaid tax
- Amend the sales tax return for the period in which the tax was paid in error
- Request a refund directly from the Texas Comptroller’s office
- Take a credit on a future sales tax return for the tax paid in error
Many times, the easiest and fastest way to resolve the issue is to request a credit on a future sales tax return from the Texas Comptroller’s office.
How Do I Request a Credit?
A tax specialist from Texas Tax Group can determine if you are due a refund or credit and handle the necessary details. Your TTG state tax expert will:
- Perform appropriate tax research of rules, statutes, exemptions, and policy opinions relative to your business
- Review your purchases and accruals for overpayments of state and local sales taxes to determine if your business is due a refund and/or credit
- Make copies of invoices and related payments to document overpayments
- Prepare refund worksheets listing the overpaid transactions, explaining the exempt reason, and reflecting the corresponding state and local tax jurisdictions’ overpayments
- Obtain Vendor Assignment forms if necessary
- File, monitor, and defend the refund request during the audit review
- Provide you with a report of these findings to help avoid future tax overpayments
- There is only cost if we can generate refunds and/or credits, making our sales and use tax credit/refund study pay for itself.
There is only cost if we can generate refunds and/or credits, making our sales and use tax credit/refund study pay for itself.
Why Choose Texas Tax Group?
Texas Tax Group is the leading state tax consulting firm in Texas. With strategically located offices in Houston, Dallas, Austin, and San Antonio, our team has represented thousands of clients in Texas and across the country. We have saved these businesses millions of dollars in reduced audit assessments and thousands of administrative hours.
- Our team of over 20 former Texas Comptroller State Auditors, Supervisors, Policy Experts, and other state tax professionals have over 400 years of combined agency experience.
- Our policy experts are well versed with Comptroller rules, regulations, and policy, and have written over 5,000 tax policy letters and performed other essential agency functions while working for the Comptroller.
- Our team has over 250 combined years of service with the Texas Comptroller.
- We have successfully defended over 2,000 audits, refunds, and voluntary disclosure agreements.
Texas Tax Group maintains fully functional offices in Houston, Dallas, Austin, and San Antonio. Each has a secure client record storage area, consultant’s offices, and auditor hosting stations. Our ex-auditor consultants conduct pre-audits and host state auditors in our offices under their direct supervision to keep your vital business records secure.