Texas Comptroller of Public Accounts STAR System
Date: October 26, 1998
To: Franchise Tax Managers and Supervisors
From: Ledford Kelly
Via: Harold Lee
Subject: Business Loss Carryforward
Many franchise tax auditors have expressed a concern that adjustments made to
Business Loss Carryforward are lost. The only way an auditor can currently tell
if an adjustment was made is to pull the prior audit and read the audit plan.
In order to have this information readily available to all franchise tax
auditors on future audits, the auditor needs to immediately begin making an
assignment comment on the Work Manager assignment on what the adjustments are
to the Business Loss Carryforward in their audit. This comment needs to be made
on all liability and credit franchise tax audits before they are sent to the
RPC's and on all no tax due audits before they are completed at the office.
By putting a comment on the assignment, future auditors can just pull up the
Work Manager's comments and see the adjustments without having to pull the
As STAR is the Comptroller's research system for Texas tax policy issues,
only tax-specific audit policy memos (AP Memo) are included here. AP memos
not on STAR can be found on Window on State Government on the
Audit Memos web page.
ACCESSION NUMBER: 9810424L
DOCUMENT TYPE: L
TAX TYPE: FRANCHISE