Thus, under the current regulation, a combined group is only eligible to use the 100 percent of the prior year’s tax safe harbor on the May 15th extension if the combined group remains the same or if the combined group has lost a member(s).

The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.

Generally, for an extension to be valid, 100 percent of the tax paid in the prior year, or 90 percent of the tax that will be due with the current year’s report, must be paid on or before the original due date of the report. See the Type of Extension section below for important details and ...

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 ·

For more information about changing the registered agent’s name or office address, please contact the SOS at 512-463-5555 or visit the SOS website. If I didn’t know I needed to file, why do I have to pay a late fee? A $50 penalty is assessed on taxpayers on each required franchise tax report ...

Remote solicitation of sales includes ... a safe harbor: Remote sellers with total Texas revenue of less than $500,000 in the preceding twelve calendar months are not required to obtain a tax permit or collect, report and remit state and local use tax....

Franchise tax frequently asked questions about extensions.

05-165, Extension Affiliate List (for combined groups) - ANNUAL (PDF) or FINAL (PDF) ... Any taxable entity that owes any amount of franchise tax where the tax was not remitted electronically is required to submit the payment form with a check or money order made payable to the Texas Comptroller.

May 8, 2024 - A second extension for these entities can be requested to November 15 but the balance of any franchise tax must be paid by August 15. If you have received your web file notice, the returns and extensions can be filed electronically.

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 ...

July 29, 2024 - A recent Texas Comptroller policy memo interprets the statute of limitations for the Comptroller to assess franchise tax and for a taxable entity to file a franchise tax refund claim. For taxable entities filing their franchise tax return under an extension, the statute of limitations can change ...

05-165, Extension Affiliate List (for combined groups) - ANNUAL (PDF) or FINAL (PDF) ... Any taxable entity that owes any amount of franchise tax where the tax was not remitted electronically is required to submit the payment form with a check or money order made payable to the Texas Comptroller.

Franchise tax rates, thresholds and deduction limits vary by report year.

05-165, Extension Affiliate List (for combined groups) - ANNUAL (PDF) or FINAL (PDF) ... Any taxable entity that owes any amount of franchise tax where the tax was not remitted electronically is required to submit the payment form with a check or money order made payable to the Texas Comptroller.

Check the filing requirements of Texas Business Income Tax Extension. Find TX extension due date, Mailing address, payment methods, and Penalties.

March 4, 2025 - Choose your state from the list below to access detailed instructions for both business and personal tax extensions. The State of Texas imposes a franchise tax on taxable entities that are doing business in the state. The annual franchise tax report is due on May 15th.

You can file your franchise tax report, or request an extension of time to file, online.

February 8, 2024 - Get all the information that you need to know about Texas business & franchise tax extension Form 05-164 & 05-165.

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).

Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including 80 percent of the Fortune 500. As a member firm of Deloitte Touche Tohmatsu Limited, a network of member firms, we are proud to be part of the largest global ...