Correcting Overcharged Taxes to Recover Big Refunds

This oilfield service company partnered with Merit Advisors after quickly expanding into multiple states.

Challenge:

With their rapid growth, the company was concerned about how it was taxing sales in its new territories.

Merit Solution:

  • Merit Advisors reviewed the client’s rate book, assigning taxability to each item, and discovered they were charging unnecessary tax on almost 100% of sales.
  • Our team also audited sales tax collections for prior periods to calculate past overpayments.
  • Merit then filed refund claims and developed a strategy to secure credits for overpaid taxes and refund customers where appropriate.

Result:

In addition to securing refunds, Merit implemented a tax matrix and monthly compliance process to help our client collect the correct sales and use tax moving forward.

$6 Million

Sales & Use Tax Refunds

Rewards of Merit

Explore our case studies to see how Merit helps energy companies unlock trapped value.

Wiping Out Tax Liabilities for Non-Op Interests

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This operator engaged Merit to minimize property tax liabilities for its mineral holdings by reducing the working interest values.

Fixing a Mineral Interest Mistake to Secure Big Savings

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This large operator turned to Merit after a state Tax Commission error resulted in an unfair valuation.

Reducing Inflated Assessments the Competition Overlooked

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Unhappy with its prior tax consultant, this petrochemical facility wanted a partner who could reduce its ad valorem assessments.