TEXAS -After two-years of wrangling over sales tax, in 2012, former comptroller Susan Combs reached an agreement with the on-line retailer over uncollected and un-remitted sales tax owed to the state. In 2010, Texas sent a demand letter for $269 million in sales taxes that the state argued should have been collected and remitted for…
TEXAS – The State’s annual “Back to School” sales tax holiday will be held August 7 – 9th. Most clothing, footwear, school supplies and backpacks priced under $100 will be exempt from sales and use tax. This includes items sold online, by telephone or mail. Lay-away plans can be used to take advantage of the…
OKLAHOMA – Starting on September 14, 2015 through November 13, 2015, a statutory amnesty will take place. The taxes covered under this amnesty will be gasoline and diesel taxes, gross production and petroleum excise taxes, corporate income tax, bank “in-lieu” taxes, individual income tax, withholding taxes, sales and use taxes, and mixed beverage taxes. Applicable…
TEXAS– On June 1st, the final day of Texas’ 84th legislature, Governor Greg Abbott signed a bill into law that allows the sale of medicinal marijuana. The marijuana is in the form of an oil extract used for the treatment of certain forms of epilepsy. The oil will only be allowed for patients who have…
TEXAS- Senate Bill 228, also known as The Second Amendment Sales Tax Holiday Act, was passed in the Texas Senate in May. Now the bill is waiting to be scheduled for a vote in the House Ways and Means Committee. The tax break would be for the last weekend in August each year just before…
TEXAS – A new tax free shopping day is the works for Texas small business shoppers. House Bill 2694 is currently pending in Texas House Ways and Means Committee. The bill would allow small business retailers to sell items tax free on the Saturday after Thanksgiving, also known as Small Business Saturday. The sales tax…
TEXAS- House legislators announced a tax-relief package in April that would be a first in Texas- a lowered sales-tax rate. Since a 2% sales tax was first imposed in Texas in 1961, legislators have never cut the rate. While senators prefer to cut school property taxes, the House proposed trimming the state’s 6.25% sales tax…
MULTI-STATE – You can deduct state and local sales or use taxes paid on purchases made during the 2014 calendar year if you itemize deductions on your federal income tax return. This includes cars, recreational vehicles, and boats. Eligible taxpayers can either: Keep receipts and claim the actual amount of taxes paid Use the IRS…
TEXAS – The Comptroller’s offices has recently released a series of how-to videos on filing and paying sales tax electronically, http://www.youtube.com/playlist?list=PLF3pUCXPSXKLOJ2mpSMLArZmAU9ljTnvy. The videos guide taxpayers through the secure online system WebFile, http://comptroller.texas.gov/webfile/. For sales/use tax compliance questions or audit related concerns, we are here to help! Contact us at: Contact Us Or call today for a consultation:…
From the Texas Comptroller of Public Accounts Note: If you have already filed or paid your taxes with our office for the filing period ending Dec. 31, 2014, please disregard this message. Access to Texas Comptroller of Public Accounts website and most e-systems has been restored. Please note, due to the volume of traffic, our…
