The tax is based upon the entity’s margin, and can be calculated in a number of different ways. 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. The PIR and OIR should not both be completed in the same return. Box 149348 Austin, TX 78714-9348 ( ) - VE/DE ... 05-163 2020 Texas Franchise Tax Annual No Tax Due Information Report 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. 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). 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. It contains relevant information to assist taxpayers with the proper and timely filing of Texas Franchise Reports for the 2020 report year. The report can be filed online or with a paper form. PIRs list the names and addresses of a corporation’s or … There are 4 sections in the 05-102 Form. Each business in Texas must file an Annual Franchise Tax Report by May 15 each year. 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. If you have a Texas LLC (or a foreign LLC registered in Texas), yes, you do. What is the Texas Franchise Tax? 05-102 Texas Franchise Tax Public Information requires at most 5 minutes. 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. 2020 Texas Franchise Rates, Thresholds & Deduction Limits. Texas Franchise Tax No Tax Due Report Tcode 13255 Annual Taxpayer number Report year Due date ... Texas Comptroller of Public Accounts P.O. All Texas LLCs must file a Franchise Tax Report. The Texas Franchise Tax is levied annually by the Texas Comptroller on all taxable entities doing business in the state. Now, working with a 05-102 Texas Franchise Tax Public Information Report. Do I need to file a Texas franchise tax 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. Texas LLCs file a Public Information Report (Form 05-102) instead. Which report you file will depend on your LLC’s annualized Total Revenue. 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