A customer does not owe sales tax on the purchase of advertising space in a publication such as a magazine or newspaper. This is true for space in free publications, as well as those that are for sale. A customer does, however, owe tax to an advertising agency or graphic artist on a charge for the ad itself, in the form of “finished art,” that the customer or the agency

Frequently Asked Questions Am I required to keep business records? What type of records do I keep? How long do I keep my business records? Should I keep resale or exemption certificates that I have accepted? Am I required to keep business records? Yes, you are required to keep business records so that an auditor from the Comptroller’s office can verify the accuracy of your sales and use tax

Each year, the Comptroller’s office works with tax preparation software vendors in the approval of the forms they develop for reporting Texas franchise tax. The software helps tax preparers calculate accurate franchise tax returns, which they print and mail to us for processing. New for 2011 is the Franchise Tax Web Service. With this technology, software vendors can develop software using XML schemas to securely transmit franchise tax reports and