A final report and payment of tax are due within 60 days after the taxable entity no longer has sufficient nexus with Texas to be subject to the franchise tax. Request an extension for a final report online with Webfile or by filing Form 05-164, Texas Franchise Tax Extension Request, along with ...

The Texas franchise tax is a privilege ... Overview. Approved Tax Preparation Software Providers · Filing and Payment Requirements · No Tax Due Reporting for Report Years 2024 and Later · Request an Extension ·...

taxes · If you are unable to file using Webfile, use our downloadable .PDF reports, designed to work with the free Adobe Reader. While other browsers and viewers may open these files, they may not function as intended unless you download and install the latest version of Adobe Reader. 2025 report year forms and instructions · Texas Franchise Tax Reports for 2024 and Prior Years ·

An extension of time to file a franchise tax report will be tentatively granted upon receipt of an appropriate timely online extension payment or request on a form provided by the Comptroller. Timely means the request is received or postmarked on or before the due date of the original report.

June 3, 2025 - A valid extension is good for six months (November 15th). Taxpayers who owed $10,000 or more in franchise tax in the prior year are required to make payment electronically via Electronic Funds Transfer (EFT) and only get an initial 3-month extension ...

May 8, 2024 - The extension is generally granted to November 15. However, entities that paid $10,000 or more in franchise taxes in the previous state fiscal year (September 1 to August 31) are required to pay using EFT (electronic funds transfer).

Yes. Unless you are filing your business’s franchise tax report and paying any franchise tax due by the reporting due date, you need to file a franchise tax extension request with the Comptroller’s office.

February 8, 2024 - The businesses operating (as Corporation or S-Corporation, Partnership) in Texas need to file Form 05-164 with the state to obtain a 6-month extension of time to file their franchise tax return with the state.

March 11, 2025 - Form 05-164 is the only extension form you’ll use to request the 1st or 2nd extension for the Texas Franchise Tax.

February 2, 2024 - To get UltraTax CS to create a Combined Texas Franchise Extension e-file, complete the following data entry on each of the Texas input screens: ... TXGen screen in the General folder of the TX input screens needs a unit for the reporting entity with at least the following data entry (more information may be required). Return Selection - Choose from the 05-158 Franchise Tax Report, 05-163 No Tax Due Franchise Report, or the 05-169 Franchise Tax Report EZ Form.

July 29, 2024 - The statute of limitations for assessment of additional franchise tax, as well as for filing franchise tax refund claims, is generally four years from the date the tax becomes due and payable, but the starting date for that four-year period ...

March 4, 2025 - You may request a 3-month extension to file that Texas annual franchise tax report by filing Texas Form 05-164.

May 7, 2024 - In its November 2023 Policy News Alert, the Texas Comptroller of Public Accounts (the Comptroller) discussed Senate Bill 3 (SB3) and the bill’s impact on Texas franchise tax filings due on or after January 1, 2024.

December 14, 2023 - In the event you are unable to file your Texas franchise tax report by the due date, you may request and extension by filing Texas Form 05-164, Texas Franchise Tax Extension Request, which will extend your due date to August 15th. Texas is one of the few states that will allows for a second ...

April 9, 2020 - Non-EFT Texas franchise taxpayers that cannot file by July 15, 2020 may file an extension request on or before July 15 and must pay 90% of the tax due for the current year, or 100% of the tax reported as due for the prior year with the extension request. Non-EFT Texas franchise taxpayers who request an extension have until January 15, 2021 ...

First Extension: Extends the May 15 due date to August 15, provided the entity pays at least 90% of the tax due with the extension request. Second Extension: Available for Electronic Funds Transfer (EFT) payors only, extending the due date to ...

July 30, 2024 - Taxpayers can extend a PIR or an OIR beyond the May 15 deadline by filing a Texas Franchise Tax Extension Request (Form 05-164).

View on Westlaw or start a FREE TRIAL today, § 5.24. Form—Texas franchise tax—Extension request—CPA form 05-164, Legal Forms

August 26, 2024 - You must send payment for taxes in Texas for the fiscal year 2024 by May 15, 2025. The Extension Deadline is November 15, 2025, to file your Texas Franchise Tax return.

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