Table of Contents
II. General Nexus Standards ... 2
A. Registration To Do Business...2
B. Nexus For State Tax Purposes ... 3
1. Nexus for Texas Franchise Tax Purposes... 3
2. Leniency for Texas Trade Shows... 4
3. Nexus For State Income Taxes and The Impact of Public Law 86-272 ... 4
4. Nexus for State Sales and Use Tax Purposes... 5
III. Nexus Due Diligence For Acquisition of a Business... 6
A. Due Diligence Checklist ... 6
B. Successor Liability Statutes ... 6
C. Tax Clearance Certificate Practice in Texas ... 7
Appendix 1 FASB Summary of Interpretation No. 48 Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109 (Issued 6/06)
Appendix 2 Determining Whether Foreign Entity Must Register with the Texas Secretary ofState to Transact Business in Texas
Appendix 3 Nexus for Texas Franchise Tax Purposes
Appendix 4 SAMPLE - State Tax Due Diligence Checklist forAcquisition Target
Please see full publication below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.