A public midstream company with a $9+ billion market cap engaged Merit for audit defense. Merit continues to work closely with the company to ensure ongoing compliance.
Results for client
$2.8M
Reduction in Client's Liability
$2.5M
Recovery of Overpayments and Waivers
Challenge:
Client lacked the internal resources to defend against multiple sales tax audits in Texas.
Client faced exposure across multiple states after purchasing equipment tax-free in error.
Merit Action Plan:
Established and maintained strong relationships with auditors, fostering trust in the accuracy of our findings.
Secured Texas direct payment permit allowing the client to avoid upfront sales tax, self-assess liability and pay state directly.
Built model to help the client optimize self-assessments, drawing on Merit’s oil and gas expertise.
Quantified and resolved unpaid sales tax liabilities.
