Tax Relief from Texas Comptroller

March 27, 2020 by

Federal tax relief and announcements from the Internal Revenue Service have dominated the headlines. However, as many local businesses know, state and local taxes can also cause a hardship when the economy suffers. Thankfully, the Texas Comptroller has issued an announcement indicating that they are offering assistance to businesses struggling to pay the full amount of sales taxes for February. A link to the announcement is here.

The relief offered is short-term payment agreements and potential waiver of penalties and interest. Taxpayers can call the enforcement hotline if they are interested in exploring the offered relief. Beware that the announcement has very little detail and failure to receive a waiver of penalties and interest may make any offered relief untenable. However, for some taxpayers this may be welcome news.

For Taxpayers intending to challenge audit results, the Texas Comptroller announced on Twitter that it is temporarily suspending the 60-day deadline for requests for redetermination and refund hearings. The post indicates that the Comptroller will waive interest accrued during this period and will notify businesses to reestablish a request deadline at a later date. The safest course of action is, as always, to file the redetermination or refund request on time regardless of the suspension. However, if that is not an option this provides a necessary reprieve from the deadline.

Taxpayers should consider their specific facts, determine how to proceed, and seek the appropriate guidance. If you have questions or concerns about your specific situation you can contact a tax attorney at Brown Fox.

Joshua D. Smeltzer
joshua@brownfoxlaw.com

Joshua D. Smeltzer is a tax attorney with over sixteen years of experience representing individuals, corporations, receiverships and formerly the U.S. Government in a variety of tax matters. Mr. Smeltzer uses the first-hand knowledge gained inside the government to both advise and represent clients before and during IRS examinations and when defending tax positions at IRS Appeals or in federal court. He has experience handling individual, corporate and partnership tax disputes involving various tax credits and deductions, reporting and disclosure of foreign bank accounts, individual and corporate tax audits and collection, partnership audits and collection, estate and gift tax audits and collection, cryptocurrency tax issues, summons enforcement and many other tax topics.

 

Learn More

Brown Fox is a business boutique law firm primarily focused on serving businesses, executives and entrepreneurs in practice areas most common to their daily business needs: appellate, corporate, labor and employment, intellectual property, litigation, real estate, tax, and the recently formed bankruptcy task force. The firm’s representative clientele includes companies ranging from start-ups to publicly traded companies. Brown Fox also regularly handles contractual negotiations and disputes for C-level executives and upper management. Additionally, the firm represents numerous cities and governmental entities in governmental and municipal matters. Learn more about Brown Fox by clicking here.


Integrity-Driven Advocates, Problem Solvers, and Counselors Ready to Serve.
Meet Brown Fox