05-158 Texas Franchise Tax Annual Report 2025

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  1. Click ‘Get Form’ to open the 05-158 Texas Franchise Tax Annual Report in the editor.
  2. Begin by entering your entity's name and Texas taxpayer number in the designated fields at the top of the form. Ensure accuracy as this information is crucial for identification.
  3. Proceed to the financial information section. Here, you will need to input your total revenue and any applicable deductions. Use our platform’s calculation tools to assist with accurate entries.
  4. Next, navigate to the section regarding franchise tax due. Based on your revenue figures, select the appropriate tax rate and calculate your total tax liability using our built-in features.
  5. Finally, review all entered information for completeness and accuracy. Once satisfied, utilize our platform’s e-signature feature to sign the document electronically before submission.

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Form 05-158: Texas Franchise Tax Report print requirements. Form 05-158 will only print if the return doesnt qualify for Form 05-163 or 05-169, and if the annualized total revenue is above the no tax due threshold.
The No Tax Due Report is not available for 2025 reports. 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.
The franchise tax report determines how much tax your Texas limited liability company (LLC) or corporation owes, as well as keeping your information up to date in state databases.
The Texas Franchise Tax Report Form 05-158 is essential for businesses to report their financial data to the Texas Comptroller. This document helps in calculating the franchise tax owed by the entity for the reported year. Accurate submission ensures compliance with state tax regulations.
All entities (except passive entities) with annualized total revenue above the no tax due threshold that do not file using the EZ Computation method have to file the Long Form, 05-158-A and 05-158-B, Franchise Tax Report.

People also ask

In Texas, business entities must pay a franchise tax to the State Comptrollers Office if they earn a certain amount of revenue. A company with an annual gross receipt of more than $1.18 million in Texas is subject to franchise tax.
Annual report and franchise tax. Texas requires LLCs to file a Franchise Tax Report and Public Information Report with the Comptroller of Public Accounts. These reports are due between January 1 and May 15. The fee is calculated based on margin.
Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax.

texas form 05 158