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Select Yes when the entity’s total annualized revenue is less than or equal to the no tax due threshold. The no tax due threshold is as follows: $1,230,000 for reports due in 2022-2023. $1,180,000 for reports due in 2020-2021. $1,130,000 for reports due in 2018-2019. $1,110,000 for reports due in 2016-2017.
05-163 2021 Texas Franchise Tax Annual No Tax Due Information Report. 05-163 (Rev.9-17/9) Texas Franchise Tax No Tax Due Report. Tcode 13255 Annual. Due date. The law requires No Tax Due Reports originally due on or after Jan.1, 2016 to be led electronically.
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2022 Texas Franchise Tax Report Information and Instructions (PDF) No Tax Due. The law requires all No Tax Due Reports originally due after Jan. 1, 2016 to be filed electronically.
Nov 27, 2023 · For example, if your LLC was approved on April 2nd, 2023 and you’re filing your LLC’s 2024 No Tax Due Report: your LLC’s report year will be 2024; but your LLC’s accounting year will be 4/2/2023 – 12/31/2023; For example, if your LLC was approved on June 15th, 2024 and you’re filing your LLC’s 2025 No Tax Due Report:
How to File. There are three ways to file the Texas Franchise Tax Report: No Tax Due; EZ Computation; Long Form; If your business falls under the $1,230,000 revenue limit, then you don’t owe any franchise tax. If you are above the limit, you can choose to fill out and file the EZ Computation form or to take the time to fill out the Long Form.
Apr 15, 2024 · File on: April 15, 2024. Fiscal year filers. File on: The fourth month after your fiscal year ends, day 15. If day 15 falls on a Saturday, Sunday or legal holiday, the due date is delayed until the next business day. Your return is considered filed on time if your envelope is properly addressed, postmarked and deposited in the mail by the due date.
