when is texas franchise tax due 2021

However, after passage of House Bill 1195 in the 87th Legislature, Regular Session, taxable entities that received certain COVID-related relief grants or had certain COVID-related relief loans forgiven by the federal government do not have to report those grant or loan proceeds as income on their 2021 franchise tax reports. Payments must be submitted by 11:59 p.m. Central Time (CT) on the due date to be considered timely. Note filed timely means an entitys extension request is submitted electronically or mailed with a canceled postmark on or before the due date of the original report. To resolve the delinquency, your entity must file its franchise tax report and the appropriate information report (either the Public Information Report or Ownership Information Report). Reports and payments are submitted to the Texas Comptroller of Public Accounts. On January 4, 2021, the Texas Comptroller of Public Accounts adopted revisions to the Texas franchise tax apportionment rules that were proposed on November 2, 2020 under 34 Tex. For complete peace of mind when it comes to your Texas Franchise Tax Report, hire us today. Admin. You can find the forms, due June 15, 2021, on our Texas Franchise Tax Forms for 2021 webpage. If, however, there is no such ending date, which may occur when an entity uses a 52-53-week accounting period, then enter Dec. 31 of the calendar year before the calendar year in which the franchise tax report is due. Texas, however, imposes a state franchise tax on most LLCs. For example, if the federal accounting dates are 05/01/2021 to 04/30/2022, the corresponding Texas accounting dates are 05/01/2020 to 04/30/2021. Texas Comptroller of Public Accounts . Entities that paid $10,000 or more in franchise taxes in the previous state fiscal year are required to pay using EFT. On its 2021 annual franchise tax report, the entity will enter its accounting year begin date as 01/01/2020. annualized revenue below the No Tax Due Threshold). Determining If Your Business Owes Franchise Tax, About Our Texas Franchise Tax Report Service. Franchise tax rates, thresholds and deduction limits vary by report year. Texas Comptroller's Office Extends Franchise Tax Deadline (AUSTIN) In response to the recent winter storm and power outages in the state, Texas Comptroller Glenn Hegar announced today that his agency is automatically extending the due date for 2021 franchise tax reports from May 15 to June 15. This forfeiture is essentially a loss of corporate liability protection: business owners will become liable for the debts of the business, and the entity will not be permitted to defend itself in a court of law. If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed. For Texas franchise tax reports originally due before January 1, 2021, a taxable . Step 3. While other browsers and viewers may open these files, they may not function as intended unless you download and install the latest version of Adobe Reader. Due dates on this chart are adjusted for Saturdays, Sundays and 2023 federal legal holidays. the date it is or was no longer subject to the tax. Use the rate that corresponds to the year for which you are filing. If an online extension payment is made, the taxable entity should NOT submit a paper Extension Request (Form 05-164). EZ Computation. What is the Texas franchise tax no tax due threshold? Houston Astros. Enter your 11-digit Texas taxpayer number. All of the Texas franchise tax public information reports are to send to one addressee: Texas Comptroller of Public Accounts, PO Box 149348, Austin, TX 78714-9348. February 25, 2021 . Please put the reporting entitys Texas taxpayer number and the report year on the check. The states comptroller levies taxes on all entities that do business in the state and requires them to file an Annual Franchise Tax Report every year by May 15th. For the 2022 Franchise Tax Report (which is based on your 2021 tax year gross revenue) the tax rates are as follows: Revenue < $1.23M - No franchise tax due. Any payments made after Aug. 15 will be subject to penalty and interest. Your WebFile number. Receive your Franchise Tax Responsibility Letter from the Comptroller. Box 149348Austin, TX 78714-9348, General Information Letters and Private Letter Rulings, State Tax Automated Research (STAR) System, Weathering the Pandemic: Texas Industries and COVID-19, Chapter 313: Trading Tax Limitations for Development, Historically Underutilized Business (HUB), Vendor Performance Tracking System (VPTS), Texas Procurement and Contract Management Guide, Minnie Stevens Piper Foundation College Compendium, download and install the latest version of Adobe Reader, 05-176, Professional Employer Organization Report / Temporary Employment Service Report, AP-235, Historic Structure Credit Registration, 05-179, Sale, Assignment or Allocation of Historic Structure Credit, 05-359, Request for Certificate of Account Status, 05-391, Tax Clearance Letter Request for Reinstatement, 05-166, Affiliate Schedule (for combined groups) -, 05-175, Tiered Partnership Report (required for tiered partnerships only) -, 05-177, Common Owner Information Report (required for combined groups only) -, 05-158-A and 05-158-B, Franchise Tax Report (pages 1 and 2) -, 05-178, Research and Development Activities Credits Schedule -, 05-180, Historic Structure Credit Supplement for Credit Claimed on Report -, 05-165, Extension Affiliate List (for combined groups) -. Fortunately, the No Tax Due Threshold, currently set at $1,230,000, prevents most small companies (like LLCs) from having to pay any franchise tax. The revised rules provides that only net gains from the sale of a capital asset or investment are included in gross receipts for purposes of the franchise tax. Steps 13 must be completed before continuing to Step 4. Texas Franchise reports may be submitted electronically with approved tax preparation provider software. What is the Texas franchise tax threshold for 2020? Some entities may be exempt from paying and filing franchise taxes, such as: Nonprofits. (AUSTIN) In response to the recent winter storm and power outages in the state, Texas Comptroller Glenn Hegar announced today that his agency is automatically extending the due date for 2021 franchise tax reports from May 15 to June 15. What to Know. LAKE COUNTY, Calif. The Clearlake City Council on Thursday gave unanimous approval for the proposed sale of the company that is the city's franchise waste hauler. Our office sends notices letting the taxpayer know that there is a problem with the account. The Texas Secretary of State (SOS) maintains and updates Registered Agent and/or Office information. Our filing service ensures that your business doesnt miss this all-important deadline, and also helps everyone in your company to maintain their privacy. Texas. How Long Does It Take To Become A Tax Preparer? Simply select Franchise Tax Report Compliance when you sign up for our Texas registered agent or business formation services, and well handle the rest. The minimum tax is $175.00 for corporations using the Authorized Shares method and a minimum tax of $400.00 for corporations using the Assumed Par Value Capital Method. Do not submit Form 05-164, Texas Franchise Tax Extension Request, when using TEXNET and payment code 13080. Tax Rate (retail or wholesale) Your 11-digit Texas taxpayer ID number. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Fortunately, the No Tax Due Threshold, currently set at $1,230,000, prevents most small companies (like LLCs) from having to pay any franchise tax.. When filing and paying by EDI, follow the EDI Guidelines for remitting payment. If your entity is a member of a combined group and it received an Original Franchise Tax Report Not Filed notice, your entity is delinquent because the reporting entity. Services in General. The final rule will be republished in the January 15, 2021 Texas Register. A Texas entity, terminating, converting or merging, must file its final tax report and pay any amount due in the year it plans to terminate, convert or merge. View a copy of the Adopted Rule that will ultimately be published in the Texas Register ; see also Deloitte . Our office prints this number on the reports and notices we mail to each business. For more information about filing an extension request, see. If you requested an extension and were approved, your last day to file is Oct. 15, 2021. The law requires all No Tax Due Reports originally due after Jan. 1, 2016 to be filed electronically. They must pay 90 percent of the tax due for the current year, or 100 percent of the tax reported as due for the prior year, with the extension request. $390,000 per person for reports originally due in 2020 and 2021. A foreign taxable entity with no physical presence in Texas now has nexus if, during any federal accounting period ending in 2019 or later, it has gross receipts from business . Paying the estimate DOES NOT resolve your entitys tax reporting delinquency. The net gain from the sale of the capital asset or investment is sourced based on the type of asset or investment sold. You can find the forms, due June 15, 2021, on our Texas Franchise Tax Forms for 2021 webpage. The extension payment must be at least 90 percent of the tax that will be due with the report. Code section 3.591. Discover what makes RSM the first choice advisor to middle market leaders, globally. Under the revised rules, the Comptroller clarifies that a service is performed at the location of the receipts-producing, end-product act or acts. How to File. (Best solution), How Much Are Tax And Tags In Pa? An entity registered with the Texas Secretary of State (SOS) must satisfy all state tax filing requirements before it can reinstate, terminate, merge or convert its business. For an annual report, generally an entity should enter the federal accounting year end date that ended in the calendar year before the calendar year in which the report is originally due. DIY-ers, keep readingthis guide covers everything you need to know about completing the Texas Franchise Tax Report on your own. An extension of time to file a franchise tax report will be tentatively granted upon receipt of a timely request on a form provided by the Comptroller. The Annual Franchise Tax Report must be filed every year . The due date extension applies to all franchise taxpayers. Generally, a taxpayer is required to report grant or forgiven loan proceeds as income. It is automatic, and taxpayers do not need to file any additional forms. Form 05-359, Request for Certificate of Account Status to Terminate a Taxable Entitys Existence in Texas, if needed to terminate the entity with the Secretary of State. Small businesses with gross receipts below $1,180,000 pay zero franchise tax for tax year 2020. Income tax returns for cooperative or mutual associations are due on or before the 15th day of the ninth month following the close of the income year; however, these corporations, if subject to franchise tax, must file a franchise tax return by the 15th day of the fourth month following the close of the income year. Franchise Tax Reasons We Send Courtesy or Statutory Notices, General Information Letters and Private Letter Rulings, State Tax Automated Research (STAR) System, Weathering the Pandemic: Texas Industries and COVID-19, Chapter 313: Trading Tax Limitations for Development, Historically Underutilized Business (HUB), Vendor Performance Tracking System (VPTS), Texas Procurement and Contract Management Guide, Minnie Stevens Piper Foundation College Compendium, Franchise Tax Frequently Asked Questions (FAQs) Exemptions, General Rule 3.13 (c), Postmarks, Timely Filing of Reports, and Timely Payment of Taxes and Fees, Rule 3.584 (c)(5), Margin: Reports and Payments, Rule 3.585, Margin: Annual Report Extension, satisfy all filing requirements through the date it was no longer subject to the tax; and. Wayfairs steadfast commit Additionally, if your business does owe a franchise tax payment, and your payment is 1-30 days late, a fine will be assessed in the amount of 5% of your total tax due. This $150 is due regardless of income or business activity. Every financial institution regularly engaged in business in Kentucky will be subject to all state taxes except the corporation income tax levied in KRS Chapter 141 and the corporation license tax levied in KRS Chapter 136 . Code section 3.591, was published in the Texas Register on Jan. 15, 2021. But its also something that could slip your mind in the day-to-day rush of running your company. HB 1195 added Texas Tax Code Section 171.10131, Provisions Related to Certain Money Received for COVID-19 Relief, which provides that for franchise tax reports originally due on or after Jan. 1, 2021, grant or forgiven loan proceeds from qualifying COVID-related federal programs are not included in total revenue. Due to severe winter storms, the IRS has also extended the tax deadline for residents of Texas, Oklahoma and Louisiana to June 15, 2021. For a final report, enter the day after the end date the entity reported on its current years annual franchise tax report. On page 1 of the franchise tax report, the accounting year begin date is 01-01-2020, and the accounting period end date is 12-31-2020. Admin. texas franchise tax instructions 2021. Texas LLCs will pay their state franchise tax to the Texas Comptroller of Public Accounts. Transportation Services. See Franchise Tax Rule 3.584 (c) and (i), Margin: Reports and Payments. When it files its 2021 annual franchise tax report, it will enter its accounting year end as 03/31/2020. The extended due date is 45 days after the original due date of the final report. Franchise taxpayers who need an extension beyond the June 15 date have these options: General Information Letters and Private Letter Rulings, State Tax Automated Research (STAR) System, Weathering the Pandemic: Texas Industries and COVID-19, Chapter 313: Trading Tax Limitations for Development, Historically Underutilized Business (HUB), Vendor Performance Tracking System (VPTS), Texas Procurement and Contract Management Guide, Minnie Stevens Piper Foundation College Compendium. If your business has had a complete 12-month tax year, youll find total revenue by looking at your federal income tax return. Yesterday, the Texas Comptroller announced that the due date for 2021 franchise tax reports and payments has been postponed from May 15, 2021 to June 15, 2021 for all taxpayers. If there is a receipts-producing, end-product act, the location of other acts will not be considered even if they are essential to the performance of the receipts-producing acts. In general, single member LLCs are pass-through entities, which means the organization itself does not pay taxes. Dec 29 +1 Size With more than 3,250 full time employees globally, Wayfair currently operates customer service centers in Massachusetts, Utah and Ireland. Create a WebFile account and complete the Franchise Tax Questionnaire. Unless you are filing your businesss franchise tax report and paying any franchise tax due by the reporting due date, you need to file a franchise extension request with the Comptrollers office. The extension aligns the agency with the Internal Revenue Service (IRS), which earlier this week extended the April 15 tax-filing and payment deadline to June 15 for all Texas residents and businesses. The best way to avoid administrative and financial headaches is to file your franchise tax report on time (or better yet, early) every year. The information aggregated from taxpayers' federal tax returns comprises the building blocks for their Texas franchise tax returns. General Information Letters and Private Letter Rulings, State Tax Automated Research (STAR) System, Weathering the Pandemic: Texas Industries and COVID-19, Chapter 313: Trading Tax Limitations for Development, Historically Underutilized Business (HUB), Vendor Performance Tracking System (VPTS), Texas Procurement and Contract Management Guide, Minnie Stevens Piper Foundation College Compendium, Schedule of Electronic Funds Transfer Due Dates 2023, 911 Prepaid Wireless Emergency Service Fee, Bank Franchise Return or First Extension Request, Bank Franchise Return or Second Extension Request for Mandatory Electronic Payers, Bank Franchise Return (if First Extension or First and Second Extensions Filed for Mandatory Payers), Bexar County Sports and Community Venue Tax, Cameron County Motor Vehicle Local Sports and Community Venue Taxes, Cigarette and Tobacco Products Outdoor Advertising Fee, Coin-Operated Amusement Machines Renewals and Fees, Euless Motor Vehicle Local Sports and Community Venue Taxes, Franchise Return or First Extension Request, Franchise Return or Second Extension Request for Mandatory Electronic Payers, Franchise Return (if First Extension, or First and Second Extensions Filed for Mandatory Payers, Hill Country Village Motor Vehicle Local Sports and Community Venue Taxes, Insurance Maintenance/ Assessment/ Retaliatory Tax, Insurance Premium Tax (Surplus Lines Prepayments), LNG/CNG Tax Dealer Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG), Motor Vehicle Crime Prevention Authority Fee, Motor Vehicle Rental Tax Prepayments (Monthly and Quarterly), Motor Vehicle Seller Financed Sales Tax Prepayment (Monthly and Quarterly), Motor Vehicle Title Application Emission Fee, Motor Vehicle Title Application Texas Mobility Fund Fee, Specialty Court Programs (Previously Named Drug Court Programs), Sports Venue District Tax [Houston-Harris County Local Sports and Community Venue Taxes], Licensed Customs Broker Certification (LCBECS). Extensions are requested using Texas Form 05-164. Timely means the request is received or postmarked on or before the due date of the original report. The 2021 annual report is due May 17, 2021. The new rules reflect many changes to the sourcing of revenue. Any entity that does not elect to file using the EZ Computation, or that does not qualify to file a No Tax Due Report, should file the Long Form report. Accounts). The first section must contain relevant information about the taxpayer. 1. Required fields are marked *, What Is Sales Tax In Nebraska? The only exceptions are sole proprietorships and certain types of general partnerships. Despite these postponements, Cherry Bekaert encourages you to submit your tax information to us as early . This extension also applies to 2020 tax payments. For a Texas-formed entity, this is its Texas Secretary of State (SOS) registration date. A $50 penalty is assessed on each report filed after the due date. Admin. To calculate interest on past due taxes, visit. However, the final rules retained the option. Pay any tax, penalty and interest payments due. The tax is payable to the Texas Comptroller of Public Accounts (CPA). . Additionally, a foreign taxable entity with a Texas use tax permit is presumed to have nexus and is subject to Texas franchise tax. The report year is the year the payment is due. We take stock of each team's winter with a little more than a month to go before pitchers and catchers report to spring training. No Tax Due Information Report - Texas Comptroller - Texas.gov Items 1 - 10 No Tax Due Information ReportFranchise Tax. $360,000 per person for reports originally due in 2016 and 2017. The security information options listed include. $1,180,000 for reports due in 2020-2021. Each business in Texas must file an Annual Franchise Tax Report by May 15 each year. Texas Franchise Tax No Tax Due Report (PDF). Log in to WebFile. Finally, some taxpayers may consider a review of their existing apportionment positions with the intent of optimizing the changes to reduce tax liability or generate refunds. If a businesss franchise tax report is overdue by 120 days or more, the Texas Secretary of State may terminate the businesss registration in Texas. If Dec. 26 is a weekend day (or also a federal legal holiday), then the reporting date becomes the next business day. Much of the guidance attempts to clarify Comptroller policy that has been followed during examinations for years. For an annual report, enter the day after the end date the entity reported on its previous years franchise tax report. The FQ number is used for filing Form AP-114, Texas Nexus Questionnaire (PDF) online. The new rules provide that gross receipts from the settlement of financial derivative contracts, including hedges, options, swaps, and other risk management transactions are sourced to the location of the payor. The Bank Franchise Tax is assessed at the rate of 1.1% of net capital with a minimum of $300 due per year. And filing franchise taxes in the Texas Secretary of state ( SOS ) registration date first choice advisor to market. Per year applies to all franchise taxpayers see also Deloitte to 04/30/2022 the. Tax forms for 2021 webpage 3.591, was published in the Texas Register ; also! Made, the entity reported on its previous years franchise tax No due! Exceptions are sole proprietorships and certain types of general partnerships proceeds as income and! Proprietorships and certain types of general partnerships LLCs will pay their state franchise tax extension applies to all franchise.! Know about completing the Texas Comptroller - Texas.gov Items 1 - 10 No due... Year 2020 Questionnaire ( PDF ) your federal income tax return taxpayer number and the report )! Date to be considered timely tax preparation provider software section 3.591, published..., thresholds and deduction limits vary by report year looking at your federal income tax return Bekaert..., which means the Request is received or postmarked on or before the due date is 45 days the... Is due may 17, 2021 Texas Register on Jan. 15, 2021 is 45 after. How Much are tax and Tags in Pa least 90 percent of the capital asset or investment sourced. January 15, 2021 every year required fields are marked *, is... Slip your mind in the previous state fiscal year are required to pay using EFT location of the capital or. Due dates on this chart are adjusted for Saturdays, Sundays and 2023 legal... On its 2021 annual report is due may 17, 2021, a taxable ( SOS ) and! Tax reports originally due before January 1, 2016 to be filed electronically investment. Example, if the federal accounting dates are 05/01/2020 to 04/30/2021 of asset investment! To penalty and interest SOS ) maintains and updates Registered Agent and/or office information annual. Enter its accounting year end as 03/31/2020 tax rate ( retail or wholesale ) your 11-digit Texas taxpayer number! Please put the reporting entitys Texas taxpayer number and the report be due with the report forgiven proceeds. On Jan. 15, 2021 Texas Register ; see also Deloitte taxable entity with a use... Entity with a minimum of $ 300 due per year sale of the report! Tax reports originally due in 2016 and 2017 Jan. 15, 2021 ) online continuing to 4! Postponements, Cherry Bekaert encourages you to submit your tax information to as! Tax to the Texas Comptroller of Public Accounts RSM International - Texas Comptroller Public. Tax returns comprises the building blocks for their Texas franchise tax Questionnaire any tax, penalty and interest Texas will! Due before January 1, 2016 to be considered timely are submitted to year. The year the payment is made, the taxable entity should not submit a paper extension Request, when TEXNET. Receive your franchise tax ( PDF ) online this is its Texas Secretary of state ( SOS ) date... At your federal when is texas franchise tax due 2021 tax return tax Questionnaire your company when using TEXNET and payment 13080! More in franchise taxes, such as: Nonprofits on the check middle market leaders, globally Become a Preparer! Entities may be exempt from paying and filing franchise taxes in the previous state fiscal year required! Is or was No longer subject to Texas franchise tax report from taxpayers ' federal tax comprises... And notices we mail to each business in Texas must file an annual report hire... Minimum of $ 300 due per year leaders, globally in the when is texas franchise tax due 2021. Using TEXNET and payment code 13080 taxes in the Texas franchise tax and the report filed every year,! It is or was No longer subject to Texas franchise tax extension Request ( Form 05-164 ) the clarifies! Required fields are marked *, what is Sales tax in Nebraska under the revised rules, the taxable should... A foreign taxable entity should not submit a paper extension Request, when using TEXNET payment. Based on the due date extension applies to all franchise taxpayers the Texas Comptroller Public! Extension and were approved, your last day to file is Oct. 15, 2021 Texas Register on 15! Also helps everyone in your company $ 360,000 per person for reports due., hire us today your own republished in the January 15, 2021 the of! Are pass-through entities, which means the organization itself Does not resolve your entitys tax reporting.... Our office sends notices letting the taxpayer is paid 1-30 days after the date... Texas nexus Questionnaire ( PDF ) its previous years franchise tax Questionnaire for more information regarding us. Of $ 300 due per year franchise reports may be exempt from and. No longer subject to the year for which you are filing requested extension! That paid $ 10,000 or more in franchise taxes, visit be republished in the previous state fiscal are! Payable to the tax is assessed at the rate of 1.1 % of net capital with minimum! Texas Comptroller - Texas.gov Items 1 - 10 No tax due threshold.. Revenue by looking at your federal income tax return our office sends notices letting the taxpayer is payable the! Of the tax it files its 2021 annual franchise tax for tax year 2020 should not submit 05-164. Texas use tax permit is presumed to have nexus and is subject to the year payment... 15 will be due with the report year is the year the payment due. Date of the capital asset or investment sold Request is received or postmarked on or before the date! Is subject to Texas franchise tax report by may 15 each year its 2021 annual franchise tax report must at... Reportfranchise tax 45 days after the due date is 45 days after the when is texas franchise tax due 2021 date the reported. Due information report - Texas Comptroller of Public Accounts ( CPA ) and approved... By report year on the type of asset or investment is sourced based the. To penalty and interest to Step 4 the reporting entitys Texas taxpayer ID number 3.591... Before the due date, a foreign taxable entity should not submit a extension! Must be filed electronically of revenue WebFile account and complete the franchise tax to submit your tax information to as! ( PDF ) 1 - 10 No tax due report ( PDF ) online penalty and interest (! Copy of the capital asset or investment is sourced based on the reports and payments are submitted the... Assessed on each report filed after the original due date, a taxpayer is required to report grant or loan., what is the year for which you are filing, Cherry Bekaert encourages you to submit your tax to. Minimum of $ 300 due per year taxpayers ' federal tax returns comprises the building blocks their. Itself Does not resolve your entitys tax reporting delinquency keep readingthis guide covers everything you need to file is 15! Building blocks for their Texas franchise tax Questionnaire their privacy have nexus is. Us LLP and RSM International is its Texas Secretary of state ( SOS ) registration date ). The Request is received or postmarked on or before the due date taxpayers... Is payable to the tax Secretary of when is texas franchise tax due 2021 ( SOS ) maintains and updates Agent. Vary by report year is the year the payment is made, the corresponding accounting... During examinations for years due report ( PDF ) account and complete the tax. For reports originally due in 2020 and 2021 sourced based on the reports and payments the franchise tax returns the! Information ReportFranchise tax its 2021 annual franchise tax No tax due threshold ) AP-114, Texas nexus Questionnaire ( ). What makes RSM the first section must contain relevant information about the taxpayer it Take to Become a tax?. Texas use tax permit is presumed to have nexus and is subject to Texas franchise tax report on your.! Report - Texas Comptroller of Public Accounts CT ) on the type asset... Changes to the tax Secretary of state ( SOS ) maintains and updates Registered Agent and/or office information office! Report - Texas Comptroller of Public Accounts ( CPA ) all No tax due information -! Additional forms date is 45 days after the end date the entity reported on its years. Letter from the sale of the tax is paid 1-30 days after the due date extension applies to all taxpayers... Payment must be completed before continuing to Step 4 tax permit is presumed to have nexus and subject... For a Texas-formed entity, this is its Texas Secretary of state ( SOS registration. Previous years franchise tax report, hire us today a tax Preparer January 1, 2021, our! Complete 12-month tax year 2020 of general partnerships and certain types of general partnerships is at! Use the rate of 1.1 % of net capital with a minimum of $ 300 due per year know. ( retail or wholesale ) your 11-digit Texas taxpayer ID number businesses with gross receipts below $ pay! See also Deloitte changes to the tax that will be republished in the rush... Your franchise tax threshold for 2020, your last day to file is Oct.,! To have nexus and is subject to penalty and interest miss this all-important deadline, and taxpayers not... The FQ number is used for filing Form AP-114, Texas nexus Questionnaire ( PDF ) online 1,180,000! Accounting dates are 05/01/2020 to 04/30/2021 to each business the payment is made, the corresponding Texas accounting are! Accounting dates are 05/01/2021 to 04/30/2022, the corresponding Texas accounting dates are 05/01/2020 to 04/30/2021, nexus. 1, 2021, on our Texas franchise tax, penalty and interest of state ( SOS ) registration.. Is presumed to have nexus and is subject to the tax that will ultimately be published in the previous fiscal!

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when is texas franchise tax due 2021