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Combined Reporting in Texas

Gain a better understanding of the combined reporting of state income taxes in Texas.

Combined reporting for Texas franchise tax involves a technical analysis that can be complex, and at times confusing. It presents both opportunities as well as pitfalls for taxpayers. Understanding combined reporting is essential for anyone involved in the preparation of Texas franchise tax reports for entities with common ownership. This topic will help you understand why combined reporting exists and when it is required. It will also help you understand the various issues related to computation of the tax base for a combined group. Further, it will help you identify many other common reporting issues for combined groups. This material will discuss the most recent authority as well as key unresolved issues on these topics.

Runtime: 102 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

General Concepts

  • When Combined Reporting Is Required
  • Reasons for Combined Reporting
  • Pros and Cons

Affiliated Groups

  • Controlling Interest Concepts and Examples
  • Related Party Issues

Unitary Business

  • State and Federal Concepts
  • Case Law and Relevant Factors

Computational Concepts

  • Cost of Goods Sold
  • Compensation
  • Total Revenue
  • Threshold Determinations
  • Passive Entities Issues
  • Accounting Period Issues

Apportionment

  • "Joyce" Method
  • Intercompany Transactions
  • Nexus
  • Sourcing

Reporting Issues

  • Reporting Entity
  • Joint and Several Liability
  • Refund Claims
  • Partnership Structures
  • Final Reports

Temporary Credit Issues

  • Mergers and Acquisitions
  • Changes in Combined Group Structures

Statute of Limitations

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 30, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David E. Colmenero, J.D., LL.M., CPA

David E. Colmenero, J.D., LL.M., CPA

Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.

  • Partner with Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.
  • Extensive experience in litigation and practices primarily in the State Tax Controversy and Litigation and State Tax Planning areas
  • Represents individuals, closely held businesses, and large corporations in all forums for Texas tax litigation
  • Represented clients in Federal Tax Litigation and Wealth Transfer Tax Litigation as well as clients in IRS audits, appeals, and litigation
  • Serves on the Board of Directors for the Texas Society of CPAs, is current Chair of the Comments Subcommittee for the Federal Tax Policy Committee of the Texas Society of CPAs, and is a member of the Texas Comptroller's Taxpayer Advisory Group
  • Frequently speaks on substantive and procedural tax issues involving both federal and state tax matters
  • J.D. degree, summa cum laude and Order of the Coif, Texas Tech University
  • Can be contacted at 214-749-2462 or [email protected]
Alex J. Pilawski, J.D.

Alex J. Pilawski, J.D.

Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.

  • Senior associate with Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P. in Dallas, TX
  • Practices in the areas of State Tax Controversy and Litigation, State Tax Planning, and Commercial Litigation
  • State Tax Controversy and Litigation practice focuses on representing tax-payers in disputes with the Texas Comptroller of Public Accounts involving sales and use tax, mixed beverage tax, and franchise tax, among others
  • Active in the Tax section of the State Bar of Texas. He recently completed the State Bar of Texas Tax Section Leadership Academy and has served as co-chair of the planning committee for the Advance Tax Law Course
  • J.D. degree, cum laude, Southern Methodist University Dedman School of Law; B.S. degree, Purdue University
  • Can be contacted at 214-749-2414 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 399896
Published 2018
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