For decades, the Texas Franchise Tax remained virtually unchanged. Once equipped with the knowledge that Texas limited partnerships were not taxable, many companies saw little need to delve further into the details of the tax. Beginning with reports due in 2008 all this has changed with the revised Texas Franchise Tax, known as the Texas Margin Tax by everyone but the Texas ComptrollerÆs Office. The Texas Margin Tax raises a variety of issues for tax executives ranging from the tax provision to the overall legal entity structure of the company. For companies operating in Texas, either currently or sometime in the near future, a working knowledge of the Texas Margin Tax is invaluable. This teleconference will give you a broad overview of the new tax, followed by a more detailed discussion of its attributes and pitfalls.

Faculty: William D. Crow, Fitts Roberts & Co., P.C.

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AK 1.5, AZ 1.5, CA 1.5, IL 1.5, MO 1.8, MS 1.5, MT 1.5, NC 1.5, ND 1.5, OR 1.5, PA 1.5, TN 1.5, VT 1.5, WA 1.5, WI 1.5, WV 1.8

Self-Study CLE Hours: CO 2, GA 1.5, MO 1.8, ND 1.5, OR 1.5, TX 1.5, UT 1.5

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.