Form 05 158 a 2025

See details

4.8 out of 5

52 votes

The document is a Texas Franchise Tax Report form (05-158-A) used by businesses to report their annual tax information, including revenue, cost of goods sold, compensation, and taxable margin. It outlines the necessary financial data required for calculating the tax due and provides instructions for completion and submission.

Here's how it works

01. Edit your texas form 05 158 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 form 05 158 a via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out form 05 158 a with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Texas Franchise Tax Report (Form 05 158 a) in the editor.
Begin by entering your taxpayer number and report year at the top of the form. Ensure these details are accurate as they are crucial for processing.
Fill in your mailing address, including city, state, and ZIP code. If your address has changed, blacken the corresponding circle.
Complete the revenue section by entering whole dollar amounts for gross receipts, dividends, interest, rents, royalties, gains/losses, and other income in their respective fields.
Proceed to the cost of goods sold section. Enter values for costs associated with goods sold and calculate total costs accordingly.
In the compensation section, input wages and cash compensation along with employee benefits and other compensations to determine total compensation.
Finally, review all entries for accuracy before submitting. Use our platform’s features to save or print your completed form easily.

Start using our platform today to fill out your forms online for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

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.

Who must file Texas form 05 158?

Texas Annual Franchise Tax Report Due Dates and Fees Business TypeTotal RevenueTax Form Retail or Wholesale Greater than $20 million Texas Franchise Tax Report (05-158-A) Long Form Businesses other than retail or wholesale Greater than $20 million Texas Franchise Tax Report (05-158-A) Long Form4 more rows

What happens if I dont pay my taxes in Texas?

Please be aware that failure to file or pay a tax report may result in collection actions including, but not limited to, additional late filing penalties, liens and criminal charges.

How do I request an extension for Texas franchise tax?

Request an extension for a final report online with Webfile or by filing Form 05-164, Texas Franchise Tax Extension Request, along with the appropriate payment, submitted or postmarked on or before the original due date of the report.

Who is exempt from Texas franchise tax?

Sole proprietorships and certain types of general partnerships are exempt from the tax. Corporations and LLCs are subject to the tax. Businesses with revenue under $1,230,000 qualify for an exemption, which acts as one of the available tax credits for qualifying businesses.

How to avoid franchise tax in Texas?

Entities Not Subject to Franchise Tax sole proprietorships (except for single member LLCs); general partnerships when direct ownership is composed entirely of natural persons (except for limited liability partnerships); entities exempt under Tax Code Chapter 171, Subchapter B; certain unincorporated passive entities;

form 05 158

Form 05 158 a instructions Form 05 158 a pdf form 05-102 How to fill out form 05 158 a form 05-158-a 2025 form 05-164 form 05-102 instructions Texas Franchise Tax instructions 2025

What happens if I dont pay TX franchise tax?

Failure to pay your franchise taxes can also result in your Charter or Certificate of Authority being lost. If you do not revive your corporate privileges by paying the franchise taxes that you owe, the name of your entity will be sent to the Texas Attorney General and Secretary of State.

What happens if you dont pay franchise tax in Texas?

Besides the loss of your corporate privileges within the state of Texas, legal entities will also face fines, penalties, and interest for not paying Texas franchise tax. If you do not file your franchise tax report, you will face a $50 fine.

What is the no tax due threshold for the Texas franchise tax in 2025?

Effective for reports due on or after Jan.1, 2025, an entity that has annualized total revenue less than or equal to the no tax due threshold of $2.47 million is not required to file a No Tax Due Report.