Texas form 50 244 2025

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The document is a Dealer's Motor Vehicle Inventory Declaration form that must be filed annually by vehicle dealers in Texas. It outlines the requirements for reporting inventory, sales data, and market value to the county appraisal district and tax office by February 1 each year. Failure to file can result in penalties, including fines and potential legal action. The form includes sections for owner information, business details, sales breakdowns, and market value calculations.

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Click ‘Get Form’ to open it in the editor.
Fill in the Owner’s name and address, including the current mailing address and phone number. Ensure accuracy as this information is crucial for correspondence.
Provide required information about your business, including the business name, physical address, and General Distinguishing Number (GDN) issued by the Texas Department of Transportation.
Enter your appraisal district account number if available. If you started your business after January 1st, indicate your starting date.
Complete the breakdown of sales for the previous year. Report the number of units sold and corresponding sales amounts in each category: net motor vehicle inventory, fleet sales, and dealer sales.
Calculate and state the market value of your motor vehicle inventory for the current tax year based on prior year sales data.
Sign and date the form to complete your declaration. Ensure that all fields are filled accurately before submission.

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Who has to file a Texas franchise tax return?

Each taxable entity formed as a corporation, limited liability company (LLC), limited partnership, professional association and financial institution that is organized in Texas or has nexus in Texas must file Form 05-102, Texas Franchise Tax Public Information Report (PIR) annually to satisfy their filing requirements.

How do I get a tax clearance to reinstate an entity in Texas?

Complete and submit Form 05-391, Tax Clearance Letter Request for Reinstatement (PDF), via mail or online using Webfile. Then, submit these items to the SOS (see Connecting with the Secretary of State section below).

How to reinstate LLC in Texas step by step?

An entity forfeited under the Tax Code can reinstate at any time (so long as the entity would otherwise continue to exist) by (1) filing the required franchise tax report, (2) paying all franchise taxes, penalties, and interest, and (3) filing an application for reinstatement (Form 801 Word 178kb, PDF 87kb),

What does it mean to reinstate an entity?

Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entitys rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entitys rights, powers, and authority.

Do I have to pay dealer inventory tax in Texas?

The VIT is a property tax assessed on the dealer, not the purchaser, and is a negotiable item on the sales agreement. Moreover, the VIT is not, by statute, a part of total consideration. Dealers may, however, separately list a reimbursement of the VIT on the sales agreement.

form 50 244 texas

Texas form 50 244 pdf Texas form 50 244 instructions form 50-246 pdf form 50-260 Texas Inventory Tax form form 50-268 form 50-265 Dealer motor vehicle inventory tax Statement

How much does it cost to reinstate a corporation in Texas?

Reinstatement / Revival for Professional Corporations: Filing Method: Mail or online. Agency Fee: $15 for reinstatement after voluntary termination and $75 for reinstatement after involuntary termination or revocation.

How to avoid Texas sales tax on cars?

A motor vehicle purchased in Texas for use exclusively outside Texas is exempt from motor vehicle sales tax. To claim the exemption, a purchaser must not use the motor vehicle in Texas, except for transportation directly out of state, and must not register the motor vehicle in Texas.