In a recently issued taxpayer-favorable opinion, the Texas Supreme Court overturned the court of appeals’ decision holding that the state’s performance-based sourcing statute for service receipts essentially looks to customer...more
4/21/2022
/ Economic Realities Test ,
Gross Receipts ,
Income Apportionment ,
Income Taxes ,
Principal Place of Business ,
Radio Broadcasting ,
SALT ,
Satellites ,
SiriusXM ,
Subscription Services ,
Tax Audits ,
Tax Liability ,
Texas ,
TX Supreme Court
On March 25, the Texas Supreme Court issued a highly-anticipated decision concerning the proper test to source receipts from services for purposes of Texas franchise tax. By statute, receipts from a “service performed in this...more
4/8/2022
/ Broadcasting ,
Economic Realities Test ,
Franchise Taxes ,
Goods or Services ,
SALT ,
SiriusXM ,
State Taxes ,
Subscription Services ,
Tax Code ,
Tax Court ,
Tax Liability ,
Texas ,
TX Supreme Court