State Taxation of Gross Receipts: Texas Franchise, Oregon CAT, Ohio CAT, Nevada Commerce, Washington B&O, and Other Local GR Taxes
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will address how to manage the increasingly popular gross receipts taxes (GRTs) charged by states. The panel will cover Oregon's corporate activity tax (CAT), Texas' franchise tax, and Ohio's CAT, along with other states and a few local gross receipts taxing regimes. The speakers will discuss which businesses are subject to these taxes, what constitutes nexus in these states, and how to lessen the tax burden of GRTs on businesses.
Outline
- Taxation of gross receipts
- Overview
- Trends
- Nexus
- Oregon CAT
- Texas' franchise tax rules
- Nevada
- Ohio
- Other states
- Best practices to minimize taxes
Benefits
The panel will review these and other important issues:
- Who is subject to Oregon's CAT?
- What businesses are subject to Texas franchise tax after the recent amendments?
- How should companies subject to Texas franchise tax under the updated rules handle its retroactive application?
- What constitutes nexus in states that tax gross receipts?
- What steps can be taken to minimize tax liability in GRT states?
Faculty
Tram Le, CPA
Senior Tax Manager
TaxOps
Ms. Le is a CPA and licensed attorney specializing in tax strategies for growing businesses. She works closely with... | Read More
Ms. Le is a CPA and licensed attorney specializing in tax strategies for growing businesses. She works closely with clients on a variety of state and local tax (SALT) issues and assists businesses in responding to notices issued by taxing jurisdictions. Ms. Le has represented taxpayers before the IRS and the U.S. tax court and assisted clients with complex tax issues including offers-in-compromise and audit reconsiderations.
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Meredith Smith, CPA
Senior Tax Manager
TaxOps
Ms. Smith expertly weaves real-life examples into why business taxpayers, tax professionals, and tax providers should... | Read More
Ms. Smith expertly weaves real-life examples into why business taxpayers, tax professionals, and tax providers should care about complex state and local tax (SALT) issues. This knowledge comes from expertly navigating the web of tax laws governing SALT issues for 15 years. From working with clients inside their business, she knows the questions, issues and strategies for resolution that keep businesses on the tax compliance track. Ms. Smith combines technical knowledge and in-depth industry understanding in performing nexus studies, identifying areas of risk, and designing sustainable planning opportunities for achieving tax-specific business goals. Her practice covers state income tax, property tax, sales and use tax, and business incentives and credits. Prior to TaxOps, Ms. Smith was a member of the SALT practice at KPMG, serving large, multi-jurisdictional corporations and multi-tier partnerships across industries.
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