A recent decision from the 15th Court of Appeals in Texas could provide a windfall for entities engaged in providing airline transportation services. In a case involving American Airlines, Inc. (“American...
Category: Blog
The Texas Supreme Court Addresses What “In This State” Means in Sourcing the Sale of TPP For Texas Franchise Tax Apportionment
April 13, 2026
In a case involving the sale of bunker fuel, the Texas Supreme Court recently addressed the meaning of a sourcing statute for Texas franchise tax. [1] The taxpayer argued that revenues from the sale of its bunker fuel...
Federal tax law has long required taxpayers to report their receipt of foreign gifts and inheritances and certain transactions with foreign trusts on IRS Form 3520. Although the IRS aggressively enforces this...
Texas Court Vacates FinCEN Beneficial Ownership Reporting Rule for Non-Financed Real Estate Transactions
March 30, 2026
The Treasury Department is having a hard time getting beneficial ownership reporting off the ground, with the U.S. District Court for the Eastern District of Texas most recently vacating a reporting rule just as it was set to...
Meadows Collier Partners Submit Comments on Proposed Updates to the IRS’s Voluntary Disclosure Practice
March 23, 2026
Firm partners Jeffrey M. Glassman and Matthew L. Roberts, through their respective leadership positions in the State Bar of Texas Tax Section, recently submitted comments to the Internal Revenue Service...