Loading
Form preview
  • US Legal Forms
  • Other Templates
  • Tax Forms
  • Texas Tax Forms
  • Tx Comptroller 05-158-a 2021

Get Tx Comptroller 05-158-a 2021

RESET FORM 05158A (Rev.916/9)PRINT FORMTexas Franchise Tax Report Page 1 FILING REQUIREMENTSTcode 13250 Annual Annual Taxpayer numberReport year2 0 2Due date105/17/2021Taxpayer nameSecretary of State.

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

How to fill out the TX Comptroller 05-158-A online

Filling out the TX Comptroller 05-158-A form can be a straightforward process when you know the steps to follow. This guide will provide you with a clear, step-by-step approach to completing the form online, ensuring that you meet all necessary requirements.

Follow the steps to accurately complete the form

  1. Click the ‘Get Form’ button to access the form and open it in the designated editing interface.
  2. Begin by entering the filing details, including your taxpayer number, report year, and due date in the specified fields.
  3. Provide the taxpayer's name along with the Secretary of State or Comptroller file number. Ensure that the mailing address, city, state, country, and ZIP code plus four digits are accurate.
  4. Indicate whether this is a combined report by marking the appropriate circle. If applicable, specify if the total revenue has been adjusted for Tiered Partnership Election.
  5. Answer the question regarding the entity type, confirming if it is a corporation, limited liability company, professional association, limited partnership, or financial institution.
  6. If your business has not operated for a full twelve months, follow the provided instructions for reporting annualized revenue.
  7. Fill in the revenue section with whole dollar amounts, ensuring you include gross receipts, dividends, interest, rents, royalties, gains/losses, and any other income.
  8. Calculate the total gross revenue and any exclusions from gross revenue. Ensure that you complete the cost of goods sold section, providing relevant figures.
  9. Provide details concerning compensation, filling in wages, benefits, and other compensation items.
  10. Proceed to the margin calculations based on total revenue and complete the apportionment factor as instructed.
  11. Finally, review all entries for accuracy, save your changes, and select the option to download, print, or share the completed form as needed.

Complete your documents online efficiently by following these steps!

Get form

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

Related content

Texas Franchise Tax Report Forms for 2016 - Texas...
If you are unable to file using Webfile, use our downloadable .PDF reports, designed to...
Learn more
Source Data
Historical data prior to 2016 from Texas Comptroller of Public Accounts...
Learn more
D117 20152016Catalog - UserManual.wiki
15PB-189 CC Catalog Front Cover Flat2; 2015-2016 Catalog_AC_only_web; 4.8.15...
Learn more

Related links form

How To Fill Out Certificate From Contractor Appointing Officer Or Employe 1967 HUD-92070 2014 HUD-92273 2003 HUD-92448-OHF 1991

Questions & Answers

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

Contact support

To qualify as a passive entity, the entity must be a partnership or trust, other than a business trust, for the entire accounting period on which the tax is based. The entity may not qualify as passive for the accounting period during which the conversion occurs even if it meets the 90 percent income test.

Passive income includes, for example, dividends, royalties, interest, foreign currency, rental income or property gains (the precise legal definition is in the FATCA and CRS legislation). An Active Entity may broadly be described as one where less than 50% of the entity's gross income and assets are passive.

Combined Reporting Taxable entities that are part of an affiliated group engaged in a unitary business must file a combined group report in lieu of individual reports. The combined group is a single taxable entity for purposes of calculating franchise tax due and completing the required tax reports.

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.
If you believe that this page should be taken down, please follow our DMCA take down processhere.
Get TX Comptroller 05-158-A
  • 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
  • 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
  • Other Templates
  • Legal Hub
  • About Us
  • Help Portal
  • Legal Resources
  • Blog
  • Affiliates
  • Contact Us
  • Delete My Account
  • Site Map
  • Industries
  • Forms in Spanish
  • Localized Forms
  • State-specific Forms
  • Forms Kit
  • Real Estate Handbook
  • All Guides
  • Notarize
  • Incorporation services
  • For Consumers
  • For Small Business
  • For Attorneys
  • USLegal
  • FormsPass
  • pdfFiller
  • signNow
  • altaFlow
  • DocHub
  • Instapage
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
  • Other Templates
Customer Service
  • Legal Hub
  • About Us
  • Help Portal
  • Legal Resources
  • Blog
  • Affiliates
  • Contact Us
  • Delete My Account
  • Site Map
  • Industries
  • Forms in Spanish
  • Localized Forms
  • State-specific Forms
  • Forms Kit
Legal Guides
  • Real Estate Handbook
  • All Guides
Prepared for you
  • Notarize
  • Incorporation services
Our Customers
  • For Consumers
  • For Small Business
  • For Attorneys
Our Sites
  • USLegal
  • FormsPass
  • pdfFiller
  • signNow
  • altaFlow
  • DocHub
  • Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
© Copyright 1999-2026 airSlate Legal Forms, Inc. 17 Station Street, Ste. 203, Brookline, MA 02445
  • Your Privacy Choices
  • Terms of Service
  • Privacy Notice
  • Content Takedown Policy
  • Bug Bounty Program
TX Comptroller 05-158-A
This form is available in several versions.
Select the version you need from the drop-down list below.
2022 TX Comptroller 05-158-A
Select form
  • 2022 TX Comptroller 05-158-A
  • 2021 TX Comptroller 05-158-A
  • 2020 TX Comptroller 05-158-A
  • 2016 TX 05-158-A
  • 2010 TX Comptroller 05-158-A
  • 2006 TX 05-158-A
Select form