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Texas Franchise Tax Report Service & Filing Instructions

Do Business the Right Way

All Texas corporations, LLCs, LPs, and LLPs must file an Annual Franchise Tax Report. Nonprofits must also file a tax report – unless granted exemption from the IRS. These reports must be submitted to the Texas Comptroller of Public Accounts each year. Below, you’ll find a set of instructions for how to file the Texas Annual Franchise Tax Report yourself. We include due dates, filing fees, required information, and answers to common filing questions.

Need to file in another state? Visit our State-by-State Annual Report Guide.

How to File Your Texas Franchise Tax Report

To successfully file your Texas Franchise Tax Report, you’ll need to complete these steps:

  1. Determine your due date and filing fees.
  2. Complete the report online OR download a paper form.
  3. Submit your report to the Texas Comptroller of Public Accounts.

 

Texas Franchise Tax Report Due Dates and Fees

The tax rate for your Texas Franchise Tax Report will be determined by your business’s total revenue and/or the type of business you own. Most businesses won’t owe any taxes – YAY! However, you’ll still be required to file a tax return. The chart below breaks down the tax rates and necessary forms into an easy-to-read guide.

Business Type

Total Revenue

Tax Rate

Tax Form

All Businesses $1,180,000 OR less No Tax Due Texas Franchise Tax No Tax Due Report (05-163)
All Businesses Greater than $1,180,000 but less than $20 million 0.331% of your total revenue EZ Computation Report (05-169)
Retail or Wholesale Greater than $20 million 0.375% of your total revenue Texas Franchise Tax Report (05-158-A) – Long Form
Businesses other than retail or wholesale Greater than $20 million 0.75% of your total revenue Texas Franchise Tax Report (05-158-A) – Long Form

No matter which form you file, your Texas Franchise Tax Report is due May 15th each year. The report can be filed online or with a paper form. Online filings will be charged a $1 service fee.

Filing late? Texas will asses a $50 penalty fee for all reports filed late. If your tax payment is 1 – 30 days late, you’ll be charged 5% of your total tax due. If your tax payment is over 30 days late, you’ll be charged an additional 10% of your total tax due.

Filing Your Texas Annual Franchise Tax Report

The Texas Annual Franchise Tax Report can be submitted online or by mail. Either way, you’ll need to visit the Texas Comptroller website.

  • On the state website, go to the Franchise Tax page.
  • If you wish to file online, click “webfile eSystems Login.” If you wish you to file by mail, click “Forms.”

To File Online:

  • Enter your username and password. You can create an account by clicking “Sign Up.”
  • Once you’re successfully logged in, click “WebFile/Pay Taxes and Fees.”
  • Enter your 11-digit Texas taxpayer number. Then, click “continue.” If you need to find your taxpayer number, you can find it by searching the Texas Comptroller Business Database.
  • Under the heading “Available Taxes/Fees,” click “Franchise Tax.”
  • You’ll then be prompted to enter your Webfile number. This number will be listed on all correspondence the comptroller sends your Texas registered agent. It will begin with the letters “XT” followed by six numbers. Or, you can call the Texas Comptroller (1-800-442-3453) to obtain your number.
  • Select “I agree” on the Access Disclaimer page, and you’ll immediately begin the filing process.

To File By Mail:

  • Under the heading “Downloadable Report Forms,” click the link for the year you wish to file for. The most current year will be listed first.
  • Click the PDF for your appropriate tax return.

Here’s a list of information you’ll need to include on your Texas Franchise Tax Report:

  • Business taxpayer number.
  • Reporting year and due date.
  • Business name and mailing address.
  • Texas Secretary of State file number. You can find this number by searching the Texas Comptroller Business Database. It will be listed under the heading “Texas SOS File Number.”
  • Fiscal year start and end date.
  • Standard Industrial Classification (SIC) code AND North American Industry Classification System (NAICS) code. Both codes are used by the US to classify businesses by their industry.
  • Tax information. The remainder of the form will be used to calculate your total franchise tax due. You will need to know your total revenue for the previous fiscal year.

If you file online, you can pay any taxes due with a credit card or electronic check. Online payments will also incur an additional $1 service fee.

If you choose to file by mail, you must include a Texas Franchise Tax Payment Form and check or money order made payable to “Texas Comptroller.” You must also write your entity’s taxpayer number and reporting year on the check.

Rather not deal with the hassle of filing yourself? Or worried you’ll forget to file? Avoid incurring late fees and penalties when you hire Northwest Registered Agent to submit your Texas Annual Franchise Tax for you.

Get Texas Franchise Tax Report Service Today!

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How Our Texas Annual Franchise Tax Report Service Works

For $100 plus the state-mandated report fee, we’ll send you the completed report for you to add your tax information and signature. Then, we’ll submit your Texas Franchise Tax Report.

  • You can sign up for this service by itself or add it on to an existing service. Compliance service is also automatically added when you hire us to provide your registered agent service or form your Texas LLC, Texas corporation or Texas nonprofit.

  • Once you’ve signed up for our business renewal service, you’ll pay nothing up front. We’ll send you a reminder 90 days before your filing due date and auto-charge your preferred method five days later.

Annual Franchise Tax Report Service Benefits

At Northwest Registered Agent, we’re committed to protecting our clients’ privacy. So, we’ve designed our franchise tax report service to protect your privacy. Here’s how:

  1. In order to preserve your privacy, we’ll list OUR contact information instead of yours.

  2. Only the minimum required information will be included.

  3. We will list our IP address – limiting the connection between your cell phone, personal computer, and work computers – this makes it harder for advertisers to follow you.

  4. We will list our bank and credit card information – not yours.

We believe everyone has the right to keep their information private. That’s why privacy is our guiding principle when we create every service and product.

Texas Franchise Tax Report FAQ

Does Texas require new businesses to file initial reports?

Nope. The state does not require new businesses to file initial reports. Phew!

Are there late fees or penalties if I don’t file my Texas Franchise Tax Report?

If you don’t file your Texas Franchise Tax Report on time, you’ll be assessed a $50 late fee. Late tax payments will be charged 5% of the total tax due. If you’re more than 30 days delinquent, you’ll be charged an additional 10% of the total penalty already assessed.

How long does it take to process a Texas Franchise Tax Report?

All tax reports will be processed in approximately 5-7 business days.

Who can file a Texas Franchise Tax Report?

After starting a business in Texas, any authorized person may sign the Texas Franchise Tax Report. An authorized person is someone your business permits to act on its behalf. This could be someone within the business (such as a director or manager), or someone outside of the business that you hire to file your report. When you hire Northwest Registered Agent for business renewal service, we’ll submit the Texas Franchise Tax for you!

Do Texas Franchise Tax Reports need original signatures?

It depends on how you choose to file. If you file online, you may submit the report with electronic signatures. If you choose to file by mail, you’ll need to provide original signatures.

Where can I get more information about the State of Texas Franchise Tax Report filing?

Physical Address:
Texas Comptroller of Public Accounts
Lyndon B. Johnson State Office Building
111 East 17th Street
Austin, Texas 78774
T: 1-800-252-1381

Mailing Address:
PO Box 13528, Capital Station
Austin, Texas 78711-3528

Taxpayer Services and Collections
Central Services Building
1711 San Jacinto Blvd., Suite 180
Austin, Texas 78701-1416

 

Hire Us To File Your Texas Franchise Tax Report

Do Business The Right Way