If you have a Texas LLC (or a foreign LLC registered in Texas), yes, you do. Box 149348 Austin, TX 78714-9348 ( ) - VE/DE ... 05-163 2020 Texas Franchise Tax Annual No Tax Due Information Report What is the Texas Franchise Tax? 2020 Texas Franchise Rates, Thresholds & Deduction Limits. Do I need to file a Texas franchise tax report? No Tax Due Threshold – Entities that report total revenue of less than $1,180,000 are allowed to automatically file a No Tax Due Report (Form 05-163). All Texas LLCs must file a Franchise Tax Report. For example, if a Texas LLC is formed in August 2021, its first Public Information Report and Franchise Tax filing will be due by May 15, 2022. PIRs list the names and addresses of a corporation’s or … What is the no tax due threshold for Texas franchise tax? Texas requires either the Public Information Report (PIR) or the Ownership Information Report (OIR), depending upon the kind of business filing the Franchise Tax Report. The PIR and OIR should not both be completed in the same return. The tax is based upon the entity’s margin, and can be calculated in a number of different ways. RESET FORM 05-102 05-102 (Rev.9-13/32) (Rev.9-13/32) PRINT FORM Texas Franchise Tax Public Information Report To be filed by Corporations , Limited Fill Online, Printable, Fillable The Texas Comptroller of Public Accounts collects management information for corporations and LLCs from the entity’s Public Information Report (PIR) that are filed as part of the entity’s franchise tax report. However, with our preconfigured online templates, things get simpler. All of the Texas franchise tax public information reports are to send to one addressee: Texas Comptroller of Public Accounts, PO Box 149348, Austin, TX 78714-9348. As I mentioned earlier, the Texas Comptroller has extended its 2021 franchise report and tax due date from May 15 to June 15 to provide some relief during the coronavirus pandemic. The 05-102 Form is filed by a director, competent officer, or authorized person. Now, working with a 05-102 Texas Franchise Tax Public Information Report. 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. There are 4 sections in the 05-102 Form. Texas Franchise Tax No Tax Due Report Tcode 13255 Annual Taxpayer number Report year Due date ... Texas Comptroller of Public Accounts P.O. Texas Franchise Tax: 2020 Rates, Thresholds, & Deduction Limits The Texas Comptroller’s Office recently released the 2020 Texas Franchise Tax Report Information and Instructions (Form 05-908). It contains relevant information to assist taxpayers with the proper and timely filing of Texas Franchise Reports for the 2020 report year. The Texas Franchise Tax is levied annually by the Texas Comptroller on all taxable entities doing business in the state. 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