Texas Deadline Reminders on Sales Tax Returns & Reports

1. All Texas 2014 state, local city, county and special purpose sales/use reports, including monthly, quarterly and annual reports, for month or year-end December 31, 2014 must be mailed and post marked on or before January 20, 2015. They can also be delivered to a Texas Comptroller’s local office or to the Austin, Texas office by January 20, 2015. If the taxpayer’s sales tax amount due was $10,000 or more in the state’s prior fiscal year, the current sales tax due must be paid using an electronic transfer method by January 16th for the month of December. The sales tax report generally should be transmitted electronically by the 20th of the month the report is due.

2. All 2014 property taxes, which include real property and tangible personal property owned on January 1, 2014, must be remitted in Texas to the county assessor/collector in the county in which the property is located. The property taxes must be remitted so as to be post marked, or delivered, no later than January 31, 2015 or penalty and interest with rare exception with be assessed.

If you would like assistance after receiving your property tax bill, please contact Jon Wellington at (214)-871-7500.

Seek the services of a legal or tax adviser before implementing any ideas contained in this blog. To reach a financial advisor at Lane Gorman Trubitt PLLC, call (214) 871.7500 or email askus@lgt-cpa.com.

Topics: Real Estate, Accounting Tips, Tax