Many businesses in Texas have long accepted that equipment used to extract or prepare raw materials, like sand, gravel and lignite, didn’t qualify for the state’s sales tax manufacturing exemption. This narrow interp ...
Texas severance tax exemptions present significant opportunities for energy producers, offering the potential for improved profitability and a renewed viability for older wells.
Grasping how severance tax exemptions wor ...
Minimizing future tax liability in real estate starts long before the sale — it begins with strategic planning early in the investment life cycle. For example, the distinction between dealer versus investor can signifi ...
With Donald Trump winning reelection and Republicans taking control of the Senate, the impending expiration of the Tax Cuts and Jobs Act (TCJA) is now uncertain. There are multiple scenarios that could unfold between now ...
While the majority of real estate assets are held in entities taxed as partnerships, it’s not uncommon to see closely held properties owned in S corporations. While these entities have their advantages, in the real est ...
Updated September 9, 2024, to include the most current regulatory updates and industry insights.
It’s one thing to earn enough to live a comfortable lifestyle. It’s yet another to develop a plan for protecting your ...
