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  1. 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. $1,080,000 for reports due in 2014 ...

  2. 05-163 2022 Texas Franchise Tax Annual No Tax Due Information ...

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  3. For the 2022 report year, a passive entity as defined in Texas Tax Code Section 171.0003; an entity that has total annualized revenue less than or equal to the no tax due threshold of $1,230,000; an entity that has zero Texas gross receipts; an entity that is a Real Estate Investment Trust (REIT) meeting the qualifications specified in Texas ...

  4. Nov 27, 2023 · Step 3: Select ” File a No Tax Due Information Report” and click Continue. Note: If you see a “no period obligations” message, please call 1-800-531-5441 (extension 34402) to see why there is no report showing for your LLC. The office is open Monday through Friday from 8am to 5pm Central Time.

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  6. 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.

  7. This official video from the Texas Comptroller of Public Accounts shows you how to file a No Tax Due Information Report.Visit the Texas Comptroller's Webfile...

    • Sep 26, 2016
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    • txcomptroller
  8. Feb 21, 2024 · For the 2022 and 2023 Report Year, the No Tax Due Threshold is $1,230,000. Remember, even if your LLC owes no tax, you still must file a No Tax Due Report (Form 05-163) and a Public Information Report (Form 05-102). Veteran LLCs: If you have a veteran-owned Texas LLC, you are exempt from your first 5 years of franchise tax. However, you still ...

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