After completing this 4-hour course, you’ll gain a working knowledge of the
important provisions of Texas’ sales and use tax rules. Gordon will share his
knowledge and experience about the application of the tax rules to businesses and
the transactions conducted in the state of Texas.
Learning Objectives
Determine whether transactions are subject to sales tax, subject to use tax, exempt, or nontaxable
Identify key sales and use tax terms and the corresponding definitions
Ascertain whether a taxpayer location requires a sales tax permit
Identify the types of governmental entities that impose sales and use taxes
Determine the amount of sales tax that applies to a transaction
Differentiate between taxable and nontaxable services
Identify common issues that arise during sales and use tax audits
Identify the date that remote sellers must obtain permits and collect sales and use tax
This introductory course will provide an overview of the Texas property tax system, including property rights, market value concepts, equal and uniform valuation, and appraisal principles. It will also explain the process to challenge an appraisal, including appraisal protests, lawsuits, assessments, and collections.
Learning Objectives
Understand the key features of the Texas property tax system
Identify various methods to calculate market value
Recognize methods to challenge appraisals in various forums
Know the timeframe and deadlines for paying property taxes
Time
Topics
Issues Covered
12:30
The Texas Property Tax System: An Overview
Definitions
Major Administrators and Agencies
Texas Administrative Code
Tax Calendar
12:50
Property Rights, Ownership & Use
Restrictions on Use
Types of Ownership
Taxable Property
1:10
Market Value Concepts
Income Approach
Sales Comparison Approach
Cost Approach
Equal & Uniform
Special Use Valuations (Agricultural and Wildlife Management)
1:40
Appraisal Phase
Appraisal Records
Renditions
Estimating Value
Exemptions -public property -family and individuals -farms and ranches -public service organizations -other exemptions
2:05
Break
10 Minute Break
2:15
Chapter 41 Appraisal Appeals (Protests)
Representing property owners
Appraisal Review Board
Protest Hearings
Certification
2:50
Binding Arbitration and Litigation
Deadlines
Process
Representing property owners
Remedies
Refunds
3:30
Assessment & Collections
Tax Levies & Rates
Truth-in-Taxation
Limitations & Rollbacks
Tax Bills
Delinquent Collections
3:30
Review
Overview of Course
NASBA Statement
LAT Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority over the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket
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