Keep up with the latest.

Stay up to date on what’s happening in the legal world and at DWMR.

Gilliland Eliminates 95% of Franchise Tax Audit Assessment

Avatar

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.

READY TO SEE WHAT WE CAN DO?

Duggins Wren Mann & Romero, LLP, is located in Austin, Texas. If you would like to learn more about our Firm, our professionals, or our ability to serve you, please contact us.

Get in Touch