Franchise Return-texas

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  • gman
    Senior Member
    • Dec 2005
    • 676

    #1

    Franchise Return-texas

    I am working on a franchise return for Texas. The new rules have me a little confused.
    On the cogs---the manual states that it will not be the same as for federal income tax reporting. --- but could add wages and adv ...etc... this is for a tire & auto shop... how would one detereming exactly what could be used for labor costs,payroll and depreciation??? for this new cogs figure. anyone have any
  • Jiggers
    Senior Member
    • Sep 2005
    • 1973

    #2
    Texas Franchise Tax

    Originally posted by gman
    I am working on a franchise return for Texas. The new rules have me a little confused.
    On the cogs---the manual states that it will not be the same as for federal income tax reporting. --- but could add wages and adv ...etc... this is for a tire & auto shop... how would one detereming exactly what could be used for labor costs,payroll and depreciation??? for this new cogs figure. anyone have any
    Check out this website for the Texas Comptroller:
    Comptroller.Texas.Gov is the website for the Texas Comptroller of Public Accounts


    Complicated as heck!
    Jiggers, EA

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