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Long Form ReportFranchise Tax

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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 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.

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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