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Get Tx Comptroller 05-163 2022-2025
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How to fill out the TX Comptroller 05-163 online
Filling out the TX Comptroller 05-163 form, also known as the No Tax Due Report, is an essential step for taxpayers in Texas to comply with franchise tax requirements. This guide will walk you through the process of completing this form online, ensuring that every section is accurately filled out to avoid any issues.
Follow the steps to complete the TX Comptroller 05-163 online effectively.
- Press the ‘Get Form’ button to access the TX Comptroller 05-163 form and open it in your document editor.
- Enter your Texas Franchise Taxpayer number in the designated field. This number is typically assigned to you upon registering your business with the state.
- Fill in the reporting year in the 'Report year' section. For example, if you are filing for the year 2022, you would enter '2022'.
- State the due date of the report, which is crucial for timely submission. For the year 2022, the due date is May 16, 2022.
- Provide your taxpayer name and complete mailing address, including city, state, and ZIP code. If your address has changed, blacken the circle indicating that.
- Input your NAICS code to identify your business industry. If you are filing a combined report, indicate that by blackening the corresponding circle.
- Respond to the questions regarding your total revenue and whether it is adjusted for any tiered partnership elections. Blacken all applicable circles.
- In the accounting year section, enter the start and end dates of your accounting period.
- Report the total revenue for the accounting year in whole dollars only.
- Enter your area code and phone number for any potential follow-ups.
- Sign and date the form, declaring that the information contained is true and correct.
- Once completed, you can save your changes, download the form, print it for your records, or share it as necessary.
Complete your TX Comptroller 05-163 online today to ensure compliance with Texas franchise tax requirements.
In the state of Texas, franchise tax is considered to be a "privilege" tax, which is a tax that is imposed on companies chartered in Texas or doing business in Texas. ... It is typically based on a company's net worth, rather than on annual taxable income.
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