SALT Blog – State and Local Tax Blog
The State and Local Tax ("SALT") blog provides news updates and commentary about state and local tax issues.
You can expect to find relevant information about topics such as income (corporate and personal) tax, franchise tax, sales and use tax, property (real and personal) tax, fuel tax, capital stock tax, bank tax, gross receipts tax and withholding tax.
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Chamberlain Hrdlicka Blawgs
Business and International Tax Developments Blog
In every taxing jurisdiction in the United States, tax authorities may assert penalties if a taxpayer commits fraud. This Blawg entry focuses on the Texas Comptroller’s view of its authority to impose fraud penalties, and considerations for taxpayers when seeking to fight fraud penalties that the Comptroller asserts.
Texas Tax Code § 111.061 authorizes the Texas Comptroller to impose a penalty in the amount of 50% of any underlying tax liability if the failure to pay the underlying tax or report such tax when due “was a result of fraud or an intent to evade the tax.” This legal ...