We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept
Loading
Form preview
  • US Legal Forms
  • Form Library
  • Tax Forms
  • Texas Tax Forms
  • Tx Comptroller 05-166 2020

Get Tx Comptroller 05-166 2020

Learn more at www. comptroller. texas. gov/taxes/franchise/. An information report Form 05-102 or Form 05-167 must be filed for each affiliate that is organized in Texas or that has a physical presence in Texas. RESET FORM 05-166 Rev*9-16/7 FILING REQUIREMENTS Tcode 13273 Final FinalFranchise Reporting entity taxpayer number PRINT FORM Report year ng period dates. if none use FEI number 4. Blacken circle if entity is disregarded for franchise tax NOT have NEXUS in Texas m 8. Gross receipts subject to throwback in other states before eliminations d y 11. Cost of goods sold or compensation before eliminations The reporting entity of a combined group with a temporary credit for business loss carryforwards preserved for itself and/or affiliates must submit common owner information* This information must be provided to satisfy franchise tax reporting requirements. RESET FORM 05-166 Rev*9-16/7 FILING REQUIREMENTS Tcode 13273 Final FinalFranchise Reporting entity taxpayer number PRINT FORM Re....

How it works

  1. Open form

    Open form follow the instructions

  2. Easily sign form

    Easily sign the form with your finger

  3. Share form

    Send filled & signed form or save

Tips on how to fill out, edit and sign TX Comptroller 05-166 online

How to fill out and sign TX Comptroller 05-166 online?

Get your online template and fill it in using progressive features. Enjoy smart fillable fields and interactivity. Follow the simple instructions below:

Tax blank completion can become a significant challenge and serious headache if no correct assistance supplied. US Legal Forms has been created as an on-line option for TX Comptroller 05-166 e-filing and provides multiple benefits for the taxpayers.

Utilize the tips on how to complete the TX Comptroller 05-166:

  1. Discover the blank on the webpage inside the specific section or via the Search engine.

  2. Click on the orange button to open it and wait until it?s loaded.

  3. Review the blank and stick to the guidelines. If you have never accomplished the sample before, follow the line-to-line instructions.

  4. Focus on the yellowish fields. These are fillable and need specific data to be inserted. In case you are uncertain what info to put in, see the recommendations.

  5. Always sign the TX Comptroller 05-166. Make use of the built-in instrument to generate the e-signature.

  6. Select the date field to automatically insert the relevant date.

  7. Re-read the template to check and edit it prior to the e-filing.

  8. Click the Done button in the upper menu in case you have completed it.

  9. Save, download or export the completed template.

Use US Legal Forms to guarantee comfortable as well as simple TX Comptroller 05-166 completion

How to edit TX Comptroller 05-166: customize forms online

Approve and share TX Comptroller 05-166 along with any other business and personal documentation online without wasting time and resources on printing and postal delivery. Take the most out of our online form editor using a built-in compliant electronic signature tool.

Approving and submitting TX Comptroller 05-166 templates electronically is faster and more effective than managing them on paper. However, it requires using online solutions that ensure a high level of data safety and provide you with a certified tool for generating electronic signatures. Our robust online editor is just the one you need to complete your TX Comptroller 05-166 and other individual and business or tax templates in a precise and suitable manner in line with all the requirements. It offers all the necessary tools to easily and quickly fill out, adjust, and sign paperwork online and add Signature fields for other parties, specifying who and where should sign.

It takes just a few simple steps to complete and sign TX Comptroller 05-166 online:

  1. Open the chosen file for further managing.
  2. Use the top panel to add Text, Initials, Image, Check, and Cross marks to your template.
  3. Underline the important details and blackout or erase the sensitive ones if required.
  4. Click on the Sign tool above and select how you prefer to eSign your document.
  5. Draw your signature, type it, upload its picture, or use an alternative option that suits you.
  6. Switch to the Edit Fillable Fileds panel and place Signature fields for others.
  7. Click on Add Signer and provide your recipient’s email to assign this field to them.
  8. Check that all data provided is complete and correct before you click Done.
  9. Share your documentation with others using one of the available options.

When approving TX Comptroller 05-166 with our robust online editor, you can always be certain you get it legally binding and court-admissible. Prepare and submit documentation in the most beneficial way possible!

Get form

Experience a faster way to fill out and sign forms on the web. Access the most extensive library of templates available.
Get form

Related content

Texas Franchise Tax Report Forms for 2018 - Texas...
If you are unable to file using Webfile, use our downloadable .PDF reports, designed to...
Learn more
Tax Information: Franchise Tax Reporting Tips for...
Nov 19, 2019 - This book is part of the collection entitled: Texas State Publications and...
Learn more
Texas Franchise Tax Forms - Texas Comptroller...
Forms for reporting Texas franchise tax to the Texas Comptroller of Public Accounts.
Learn more

Related links form

TN Building Permit Application - Bradley County 2018 TRANSFLO Motor Carrier Terminal Access Agreement 2021 TRANSFLO Motor Carrier Terminal Access Agreement 2014 GA Ridgemere HOA Homeowner Maintenance Or Repair Request Form 2011

Questions & Answers

Get answers to your most pressing questions about US Legal Forms API.

Contact support

All taxable entities must file a franchise tax report, regardless of annual revenue. The initial franchise tax report is due one year and 89 days after the organization is recognized as a business in Texas.

Texas Franchise Tax rates are: TX Corps, PCs, LLCs, PLLCs and LLPs-domestic and foreign: Pay 1% of gross receipts over $1,000,000. 0.5% for wholesalers and retailers. 0.575% for businesses with $10 million or less in annual revenue and filing E-Z Computation form.

Calculating the Franchise Tax The Texas Franchise Tax is calculated on a company's margin for all entities with revenues above $1,110,000. The margin can be calculated in one of the following ways: Total Revenue Multiplied by 70 Percent. Total Revenue Minus Cost of Goods Sold.

As with all businesses, the no-tax-due threshold and E-Z Computation rules apply to corporations. At 1%, the tax rate on Texas corporations ranks very low nationally, making the state a popular place for businesses of all sizes.

State Business Tax By default, LLCs themselves do not pay federal income taxes, only their members do. Texas, however, imposes a state franchise tax on most LLCs. ... In some cases, the owners of an LLC choose to have their business treated like a corporation for tax purposes.

The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return.

All Texas LLC business members or managers who take profits out of the LLC will need to pay self-employment tax. This tax is also known as FICA, Social Security or Medicare tax. It applies to all the earnings you withdraw from your Texas business. The current self-employment tax rate is 15.3 percent.

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: $1,110,000 for reports due in 2016-2017. $1,080,000 for reports due in 2014-2015.

The amount of franchise tax due depends on a business' revenue. Companies whose annual revenue falls below a certain threshold are not required to pay franchise tax. However, all businesses in Texas must file a franchise tax report, regardless of whether they are actually required to pay the tax.

Even if your business does not owe taxes, it is required to file a Franchise Tax Report each year. The no-tax-due threshold for 2017 is $1,110,000 and increases in 2018 to $1,130,000.

Get This Form Now!

Use professional pre-built templates to fill in and sign documents online faster. Get access to thousands of forms.
Get form
If you believe that this page should be taken down, please follow our DMCA take down processhere.

Industry-leading security and compliance

US Legal Forms protects your data by complying with industry-specific security standards.
  • In businnes since 1997
    25+ years providing professional legal documents.
  • Accredited business
    Guarantees that a business meets BBB accreditation standards in the US and Canada.
  • Secured by Braintree
    Validated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.
Get TX Comptroller 05-166
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
TX Comptroller 05-166
This form is available in several versions.
Select the version you need from the drop-down list below.
2022 TX Comptroller 05-166
Select form
  • 2022 TX Comptroller 05-166
  • 2021 TX Comptroller 05-166
  • 2020 TX Comptroller 05-166
  • 2018 TX Comptroller 05-166
  • 2016 TX Comptroller 05-166
  • 2015 TX Comptroller 05-166
  • 2014 TX Comptroller 05-166
  • 2009 TX Comptroller 05-166
Select form