Here's how it works
01. Edit your form 05 164 instructions 2023 online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send texas form 05 164 instructions via email, link, or fax. You can also download it, export it or print it out.
How to use or fill out Texas Franchise Tax with DocHub
- Click ‘Get Form’ to open the Texas Franchise Tax No Tax Due Information Report in our editor.
- Begin by entering your Taxpayer number and the report year. Ensure that you also fill in the due date and privilege period covered by this report.
- Next, provide your taxpayer name along with either your Secretary of State file number or Comptroller file number. Don’t forget to include your mailing address, city, state, country, and ZIP code.
- If your address has changed, blacken the circle provided. Then, enter your SIC code and NAICS code as applicable.
- Indicate if this is a combined report or if Total Revenue is adjusted for Tiered Partnership Election by blackening the appropriate circles.
- Fill out the accounting year begin and end dates. Enter your total revenue in whole dollars only.
- Finally, declare that the information provided is true and correct by signing and dating the form before submitting it to the Comptroller of Public Accounts.
Start using our platform today to easily complete your Texas Franchise Tax form online for free!
Fill out texas franchise tax online
It's free
It's free
See more texas franchise tax versions
We've got more versions of the texas franchise tax form. Select the right texas franchise tax version from the list and start editing it straight away!
| Versions | Form popularity | Fillable & printable |
|---|---|---|
| 2023 | 4.9 Satisfied (35 Votes) | |
| 2022 | 4.8 Satisfied (135 Votes) | |
| 2021 | 4.4 Satisfied (307 Votes) | |
| 2019 | 4.3 Satisfied (37 Votes) | |
| 2018 | 3.9 Satisfied (55 Votes) | |
| 2017 | 4.1 Satisfied (47 Votes) | |
| 2015 | 4.4 Satisfied (569 Votes) | |
| 2013 | 4.4 Satisfied (1752 Votes) | |
| 2011 | 4 Satisfied (33 Votes) | |
| 2009 | 4.7 Satisfied (36 Votes) |
Got questions?
We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
What is Texas franchise tax?
Franchise tax is a tax on your gross sales for the privilege of doing business in Texas. Sales tax is a tax that is added to the purchase price and is collected on behalf of the state from your customers.
What triggers franchise taxes?
If your corporations annual net income multiplied by the applicable corporate tax rate is higher than $800, you must pay that amount to the California Franchise Tax Board instead of the initial $800.
Why am I being charged a franchise tax?
A franchise tax must be paid by enterprises that wish to conduct business in certain states. Franchise tax applies to corporations, partnerships, and many limited liability companies but does not apply to fraternal organizations, non-profits, and some limited liability corporations.
Who is required to pay Texas franchise tax?
Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax.
Why do I pay franchise tax?
The term franchise tax refers to a tax paid by certain enterprises that want to do business in some states. Also called a privilege tax, it gives the business the right to be chartered and/or to operate within that state.
Security and compliance
At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.
Learn more
People also ask
Do you have to pay franchise tax if less than $1000 in Texas?
Minimum Franchise Tax Additionally, an entity that calculates an amount of tax due that is less than $1,000 is not required to pay any tax. (See the section on Tiered Partnership Election for the tiered partnership exception.) The entity, however, must submit all required reports to satisfy its filing requirements.
What happens if you dont file Texas franchise tax?
A $50 penalty is assessed on each report filed after the due date. If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed. If tax is paid over 30 days after the due date, a 10 percent penalty is assessed.
Why do I owe money to the franchise tax board?
Filing a late tax return is one of the most common reasons that a large number of taxpayers owe money to the FTB. Specifically, a taxpayer can incur late fees on an unfiled return the day after not filing their tax return.