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.
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.
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!