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For franchise tax reports originally due… The no tax due threshold is… on or after Jan. 1, 2022, and before Jan. 1, 2024: $1,230,000: on or after Jan. 1, 2020, and before Jan. 1, 2022: $1,180,000: on or after Jan. 1, 2018, and before Jan. 1, 2020: $1,130,000: on or after Jan. 1, 2016, and before Jan. 1, 2018: $1,110,000
The law requires No Tax Due Reports originally due on or after Jan.1, 2016 to be led electronically. Filing this paper report means you are requesting, and we are granting, a waiver from the electronic reporting requirement for this report year ONLY.
Jan 1, 2024 · The no tax due threshold is increased to $2.47 million and certain filing requirements are eliminated. Read more. High Call Volume. Shorter wait times occur from 8-10 a.m. and 4-5 p.m. CST. Please have your 11-digit taxpayer number ready when you call. For more information, see our Call Tips and Peak Schedule.
Certified Historic Structures Rehabilitation Credit under TX Tax Code Chapter 171, Subchapter S; 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.
Nov 27, 2023 · The majority of LLCs in Texas fall under the no tax due threshold, which is currently $1,230,000 in annualized total revenue. Therefore, the type of Franchise Tax Report they file is the No Tax Due Report. When the No Tax Due Report is filed online via WebFile, the Public Information Report is included with it. Get started: Step 1: Go to WebFile.
Sep 25, 2016 · How to File a No Tax Due Information Report. 79,071 views. 419. This official video from the Texas Comptroller of Public Accounts shows you how to file a No Tax Due Information Report.Visit the...
Taxable entities with total revenue of the following amounts or less will have no tax due (Form 05-163), but need to still file a Texas Franchise Tax Report (Form 05-158 or 05-169). Refer to Texas Franchise Tax Forms for 2008 - 2018 form instructions and more information on filing requirements.
