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Doing Business in Texas: An Overview of the Texas Franchise (Margin) Tax

Gain an understanding on how to apportion margin to Texas and identify various reporting options.

The Texas Franchise (Margin) Tax has evolved over time. Recent changes in economic nexus and expanded physical presence by global businesses have expanded the reach of the Texas franchise tax to additional entities, resulting in expanded filing requirements. This topic will help business owners and advisors to identify which businesses are subject to reporting requirements and to evaluate, at a high level, the various reporting options. The material also explains the method for tracking costs necessary for calculating cost of goods sold and compensation, and apportioning revenues. These aspects of the franchise (margin) tax have been affected by recent case law. Failing to comply with franchise tax filing and payment requirements can have serious consequences, including franchise tax forfeiture and individual liability for officers and directors. Learn what you and your clients need to be doing now to prevent problems in the future.

Runtime: 92 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

The Texas Franchise (Margin) Tax

  • What Is Doing Business?
  • Reporting Requirements and Options
  • Franchise Tax Forfeiture

An Overview of Margin

  • Revenues
  • Cost of Goods Sold
  • Compensation

Apportionment, Tax Rates, and Credits

  • Texas Gross Receipts
  • Retailers and Wholesalers
  • Credits and Exemptions
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More Program Information

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 September 15, 2020.

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

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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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More Program Information

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

Christina A. Mondrik, Esq., CPA

Christina A. Mondrik, Esq., CPA

Mondrik & Associates

  • Founder of Mondrik & Associates, www.mondriklaw.com
  • Board certified, tax law, Texas Board of Legal Specialization
  • Represents taxpayers in resolving state and federal tax controversies and litigation
  • 2019-2020 chair, tax section, State Bar of Texas
  • J.D. degree, with honors, University of Texas School of Law; B.B.A. degree, accounting, University of Texas
  • Can be contacted at 512-542-9300 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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Product ID: 407446
Published 2020
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