taxes

Texas Franchise Tax Common Owner Information

Who is a common owner?

A common owner is an individual or entity that owns more than 50 percent (directly or indirectly) of any single member of a combined group. The common owner may not be the same as the entity that files the franchise tax report (reporting entity).

Filing requirements

The reporting entity of a combined group with a temporary credit for business loss carryforward preserved for itself and/or its affiliates must submit common owner information by the report’s annual due date. Even if the combined group is not claiming the credit on the current year's report, the Common Owner Information Report is required for these entities, and the franchise tax report is incomplete without it.

Submit the common owner information before filing your franchise tax report to prevent processing delays. If you submit the common owner information after you file your report, it will NOT immediately process to your account.

Have these items ready before you begin:

  • Texas taxpayer ID number and WebFile number to login for the first time. If you have previously used franchise tax WebFile, you will need your user name and password.
  • The common owner's Social Security number, Federal Employer Identification or Texas taxpayer number and the common owner's mailing address.
  • The date that the common owner first owned a greater than 50 percent interest in the combined group.
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Changing Common Owner Information

Mail corrections to State Comptroller, P.O. Box 149348, Austin, TX 78714-9348 with a letter of explanation. WebFile cannot be used to make corrections.