Mansoor Ansari, Author at Nexus Tax Defense

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Houston Texas biodiesel sales tax audit attorney

Houston Texas biodiesel sales tax audit attorney A sales tax audit on biodeisel can be very confusing for both the auditor and the owner of a gas station. Most importantly, the mixing of soy is a questionable process whereby the output of biodiesel can vary as a result of degumming.…

Mansoor AnsariFebruary 11, 2015

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Texas Local Sales and Use Tax Lawyer

Texas Local Sales and Use Tax Lawyer The Texas state sales and use tax rate is 6.25%, but local taxing jurisdictions (cities, counties, special purpose districts, and transit authorities) may also impose sales and use tax up to 2% for a total maximum combined rate of 8.25% Unlike a car,…

Mansoor AnsariFebruary 11, 2015

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Texas County Sales and Use Tax Attorney

County Sales and Use Tax There are 123 counties that impose a county sales and use tax for property tax relief. The county tax is collected in addition to state tax and any other local taxes (city, transit, and special purpose district) when applicable. The counties listed below have a…

Mansoor AnsariFebruary 11, 2015

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Interest rates on Texas Sales tax Attorney

If you have overdue sales tax, the interest rate and penalties can be quite staggering. Delinquent taxes accrue interest beginning on the 61st day after the due date until paid. For 2015, the interest rate on taxes owed is 4.25 percent. Refund claims filed with the Comptroller’s office accrue credit…

Mansoor AnsariFebruary 11, 2015

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Franchise Tax Credit for Certified Rehabilitation of Certified Historic Structures Attorney

Here is some good news on the Franchise tax credit or Franchise Tax Credit for Certified Rehabilitation of Certified Historic Structures Attorney Texas law provides a franchise tax credit for the certified rehabilitation of certified historic structures, up to 25 percent of eligible costs and expenses. However, to qualify for…

Mansoor AnsariFebruary 11, 2015

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Texas Motor Fuel sales tax refund Attorney

Did you know that a person may file a claim for refund or a license holder may take a credit on a return for state fuel tax paid on gasoline, diesel fuel, compressed natural gas, or liquefied natural gas used off the highway, for certain resale, for export from Texas,…

Mansoor AnsariFebruary 11, 2015

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Sales Tax Attorney Houston

When most people think of sales tax underreporting, the common misconception is that it is a victimless crime. The Texas Comptroller will tell you differently. When a customer makes a purchase from your store and pays you $5 in sales tax, that sales tax is supposed to be kept in…

Mansoor AnsariJanuary 26, 2015

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IRS Streamline Disclosure Program Houston Attorney

The keywords in SDP are: wilfullness, fraudulent conduct, and criminal liability, miscellaneous penalty 5%. You may qualify for SDP if there is a clear indication that the non-reporting was non-wilfull, without fraudulent acts and intentions. The new SDP, allows eligible US taxpayers who resided outside of the U.S. territories in…

Mansoor AnsariJanuary 19, 2015

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FATCA lawyer Offshore voluntary disclosure Houston

In 2014, the IRS made major changes to the Offshore Voluntary Disclosure Program and the Streamlined Voluntary Disclosure. Note: Such programs are not available to a taxpayer who is already under an IRS audit that has been transferred to the IRS Criminal Investigations unit or whose non-compliance has been identified…

Mansoor AnsariJanuary 19, 2015

News and Articles Tax News

Texas sales use tax resale certificate

Texas sales use tax resale certificate When would somebody need a resale certificate? Very simple - when you are a reseller of goods not at retail. For example, a reseller of raw materials will apply for a resale certificate when they sell a taxable item to a customer and you…

Mansoor AnsariJanuary 19, 2015

Mansoor Ansari

Houston Texas biodiesel sales tax audit attorney

Texas Local Sales and Use Tax Lawyer

Texas County Sales and Use Tax Attorney

Interest rates on Texas Sales tax Attorney

Franchise Tax Credit for Certified Rehabilitation of Certified Historic Structures Attorney

Texas Motor Fuel sales tax refund Attorney

Sales Tax Attorney Houston

IRS Streamline Disclosure Program Houston Attorney

FATCA lawyer Offshore voluntary disclosure Houston

Texas sales use tax resale certificate

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