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Gilliland Eliminates 95% of Franchise Tax Audit Assessment

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By DWMR Staff | May 30, 2012

State & Local Taxation

David Gilliland prevailed in an administrative proceeding against the Texas Comptroller and secured an approximately $15 million reduction of a franchise audit assessment for an energy client. The Comptroller reversed an audit assessment based on an erroneous adjustment to the client’s apportionment factor stemming from the auditor’s attempt to recast dividends received from a subsidiary as a return of capital.

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