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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.
Annual Report: Enter the day after the end date on the previous franchise tax report.
For entities that became subject to the tax after October 3, 2009, enter the date the entity became subject to the tax.
Final Report: Enter the day after the end date on the previous franchise tax report.
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.
Entities that became subject to the tax during the previous calendar year and have a federal accounting year end date that is prior to the date the entity became subject to the tax, will use the day they became subject to the franchise tax as the accounting year end date on the first annual report. This results in a zero report.
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. For a non-Texas entity, the end date is the date the entity ceased doing business in Texas.
Select Yes when the entity’s total annualized revenue is less than or equal to the no tax due threshold. The no tax due threshold is as follows:
Enter the amount of total revenue using the instructions for Items 1-10 of Form 05-158-A. Note: Passive entities, REITs and new veteran-owned businesses may enter zero.
Find franchise tax forms if you cannot submit electronically.
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