Long Form Report Franchise Tax

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Beginning with reports originally due on or after Jan. 1, 2024:

Passive entities must file either the Long Form or the EZ Computation form. Both are being updated with a circle to darken in the taxpayer information section at the top of the form. Other than signing the report, passive entities need not provide information in any other section of the report and no Public Information Report (PIR), or Owner Information Report (OIR) is required.
Real Estate Investment Trusts (REITs) also must file either a Long Form or EZ Computation form and darken the appropriate circle in the taxpayer information section at the top of the form. Other than signing the report, REITs need not provide information in any other section of the report. REITs must continue to file a PIR or OIR.
Taxable entities with zero Texas gross receipts must file either a Long Form or EZ Computation form and complete specific line items on the form to compute the entity’s total revenue and report zero on the Texas gross receipts line. Entities with zero Texas gross receipts must continue to file a PIR or OIR.

Industry Classification Code

SIC Code: Enter the code that is appropriate for the taxable entity or the code that reflects the overall business activity of a combined group. View the 1987 Standard Industrial Classification (SIC) codes.

NAICS Code: Enter the code that is appropriate for the taxable entity or the code that reflects the overall business activity of a combined group. View the U.S. Census Bureau North American Industry Classification System (NAICS) codes.

Accounting Year End Date

Annual Report: Enter the last accounting period end date for federal income tax purposes in the year before the year the report is originally due.

Final Report: Enter date the taxable entity ceased doing business in Texas.

For a Texas entity, the end date is the effective date of the termination, merger or conversion into a non-taxable entity. Even if there is no business activity, a Texas registered entity continues to be responsible for filing franchise tax reports until it terminates with the Texas Secretary of State.

For a non-Texas entity, the end date is the date the entity ceased doing business in Texas.

Note: Filing a final report does not end the franchise tax responsibility.

Qualification Questions

Is this entity a passive entity as defined in Section 171.0003 of the Texas Tax Code?: Select Yes when the entity meets the definition of a passive entity found in Section 171.0003 of the Texas Tax Code.
Is this entity a Real Estate Investment Trust (REIT) that meets the qualifications specified in Section 171 .0002(c)(4) of the Texas Tax Code?: Select Yes when the entity meets the qualification of Section 171.0002(c)(4) of the Texas Tax Code.

Find franchise tax forms.

Revenue

Gross receipts or sales: Enter gross receipts or sales for the period upon which the tax is based. See instructions for Item 1 on Form 05-158-A for more information.

Dividends: Enter dividends for the period upon which the tax is based. See instructions for Item 2 on Form 05-158-A for more information.

Interest: Enter interest for the period upon which the tax is based. See instructions for Item 3 on Form 05-158-A for more information.

Rents: Enter rents for the period upon which the tax is based. See instructions for Item 4 on Form 05-158-A for more information.

Royalties: Enter royalties for the period upon which the tax is based. See instructions for Item 5 on 05-158-A for more information.

Gains/losses: Enter gains/losses for the period upon which the tax is based. See instructions for Item 6 on Form 05-158-A for more information.

Other income: Enter other income for the period upon which the tax is based. See instructions for Item 7 on Form 05-158-A for more information.

Exclusions

Exclusions from Revenue: Enter exclusions from revenue for the period upon which the tax is based. See instructions for Item 9 on Form 05-158-A for more information.

Cost of Goods Sold

Cost of Goods Sold: Enter cost of goods sold for the period upon which the tax is based. See instructions for Item 11 on form 05-158-A for more information.

Indirect or administrative overhead costs: Enter indirect or administrative overhead cost for the period upon which the tax is based. See instructions for Item 12 on Form 05-158-A for more information.

Other: Enter other amounts for the period upon which the tax is based. See instructions for Item 13 on Form 05-158-A for more information.

Compensation

Wages and cash compensation: Enter wages and compensation up to the maximum amount allowed per person for the period upon which the tax is based. See instructions for Item 15 on Form-158-A for more information.

Employee benefits: Enter employee benefits for the period upon which the tax is based. See instructions for Item 16 on Form 05-158-A for more information.

Other: Enter other amounts for the period upon which the tax is based. See instructions for Item 17 on Form 05-158-A for more information.

Receipts

Gross receipts in Texas: Enter Texas gross receipts for the period upon which the tax is based. See Form 05-158 instructions for more information.

Gross receipts everywhere: Enter gross receipts everywhere for the period upon which the tax is based. See Form 05-158 instructions for more information.

Deductions

Allowable deductions: Enter allowable deductions for the period upon which the tax is based. See Form 05-158 instructions for more information.

Credits Qualification: If you are establishing or claiming any tax credits, check the applicable box(es).

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