Texas State Tax Update Self-Study Webinar
Overview
Keeping up with Texas tax developments is essential for accurate compliance and effective planning. This practical self-study webinar provides tax professionals with an update on recent changes affecting Texas franchise tax, payroll, sales tax, and multistate taxation, including the impact of federal conformity changes and the One Big Beautiful Bill Act (OBBBA). In this self-study webinar, you will:
- Understand Texas' evolving hybrid approach to federal tax conformity
- Learn how recent federal tax changes impact Texas tax reporting
- Review current Texas payroll, sales tax, and franchise tax issues
- Apply sourcing, filing, and compliance rules for Texas taxpayers
- Identify planning opportunities and avoid common compliance pitfalls
Objective
To provide tax professionals with a practical understanding of current Texas tax developments, new federal conformity changes, and the knowledge needed to apply franchise tax, sales tax, payroll, and compliance rules.
DETAILED LEARNING OBJECTIVES
• Distinguish rolling conformity from static and selective conformity
• Explain the hybrid federal conformity approach used for the Texas franchise tax
• Identify federal tax provisions that may affect Texas franchise-tax calculations
• Determine whether an asset may qualify for the one-time net depreciation adjustment
• Calculate the one-time net depreciation adjustment for a qualifying asset
• Describe the Texas treatment of qualifying Section 174 research and development expenditures
• Explain the Texas gross-receipts treatment of GILTI and FDII
• Differentiate the sales-tax treatment of lump-sum and separated construction contracts
• Apply Texas performance-based sourcing rules to receipts from services
• Recognize selected Texas franchise-tax reporting, identification, and filing requirements
Emphasis
- Texas Internal Revenue Conformity
– Rolling and static conformity
– Texas' hybrid conformity approach
– Impact of federal tax law changes - One Big Beautiful Bill Act (OBBBA)
– Bonus depreciation and Net Depreciation Adjustment
– Section 174 research expenditures
– Section 163(j) interest expense
– GILTI and FDII considerations - Texas Tax Compliance
– Payroll registration requirements
– Contractor sales tax rules
– Sourcing of receipts
– Franchise tax filing requirements
– No Tax Due threshold
– Public Information Reports and affiliate reporting
Speakers
Mary Jo Dolson, Managing Director, State and Local Tax, CBIZ
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