05-139 Final Corporation Franchise Tax Report - Texas Comptroller ... - window state tx 2026

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  1. Click ‘Get Form’ to open the 05-139 Final Corporation Franchise Tax Report in our editor.
  2. Begin by entering your taxpayer number and the report year in the designated fields. Ensure that you do not write in shaded areas.
  3. Fill in your legal name and mailing address. If your mailing address has changed, check the appropriate box and update your information.
  4. Complete Section 1 by entering the beginning and ending dates for your reporting period. Refer to the instructions for specific date requirements.
  5. Proceed to calculate gross receipts and complete Items 3 through 17 as applicable, ensuring accuracy in each calculation.
  6. Finally, review all entries for correctness, sign where indicated, and provide a daytime phone number before submitting your form.

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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.
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.
You can complete the entire filing process on the Franchise Tax section of the Texas Comptroller website. Or, you can download the necessary Form 05-102 and fill it out by hand.
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.
Fines, Penalties, and Interest For Failing To Pay Texas Franchise Tax. 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.

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Texas law does not require the filing of estimated tax reports or payments. There is no minimum tax requirement under the franchise tax provisions. Additionally, an entity that calculates an amount of tax due that is less than $1,000 is not required to pay any tax.
Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax.
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.

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