05-163 Texas Franchise Tax Annual No Tax Due Information Report - window state tx 2025

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The document is the Texas Franchise Tax No Tax Due Information Report (Form 05-163), which is used by entities to report their tax status to the Texas Comptroller. It includes sections for taxpayer information, revenue details, and eligibility criteria for filing a no tax due report. Entities can qualify based on being passive entities, having low or zero revenue, or meeting specific conditions as outlined in the Texas Tax Code.

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Do I have to file a no tax due report in Texas?

For reports originally due on or after Jan. 1, 2024, the no tax due threshold is increased to $2.47 million. For reports originally due on or after Jan. 1, 2024, a taxable entity whose annualized total revenue is less than or equal to $2.47 million is no longer required to file a No Tax Due Report.

Does Texas require you to file a tax return?

Texas Income Taxes. Since Texas does not collect an income tax on individuals, you are not required to file a TX state income tax return. However, you may need to prepare and e-file a federal income tax return or other state tax return.

Do I have to file taxes if no tax is due?

Generally, you need to file if: Your income is over the filing requirement. You have over $400 in net earnings from self-employment (side jobs or other independent work) You had other situations that require you to file.

What happens if you dont file franchise tax in Texas?

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.

Does Texas State require you to file a tax return?

Texas residents do not file returns for state income taxes.

texas form 05 163

How to file No Tax Due Report in Texas Texas franchise tax instructions 2025 Texas franchise Tax Public Information Report instructions Texas no tax due Report form 05-163 Texas Franchise Tax Public Information Report 2025 Texas Franchise tax due date Texas no tax due threshold

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Who needs to file a Texas franchise tax report?

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.

What triggers Texas franchise tax?

If you are a taxable entity that conducts business within the State of Texas that has an annual revenue of over $1,230,000, you will probably have to pay franchise taxes. The types of entities that must pay this tax in Texas include: Corporations. Limited liability companies or limited liability corporations (LLCs)

What is the Texas annual franchise tax report?

Texas Annual Franchise Tax Report. All Texas businesses must file an annual franchise tax with the Texas Comptroller of Public Accounts. This includes an information report (sometimes called an annual report.) The report is a tax return, so it can get complicatedyoull likely need help from your accountant.

05-163 Texas Franchise Tax Annual No Tax Due Information Report - window state tx 2025

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Do I have to file a no tax due report in Texas?

Does Texas require you to file a tax return?

Do I have to file taxes if no tax is due?

What happens if you dont file franchise tax in Texas?

Does Texas State require you to file a tax return?

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