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Tag: Extension Request
Franchise-Tax Extensions: Form 05-164 Walk-Through
Franchise-Tax Extensions If you need extra time to prepare your Texas franchise-tax report, Form 05-164 gives you a six-month extension—from May 15 to November 15—to file. Note, however, that an extension does not extend your payment deadline. You must still remit at least 90 percent of your estimated tax liability by the original due date […]
New $2.47 M “No-Tax-Due” Threshold Explained (and Who Still Files)
New $2.47 M “No-Tax-Due” Beginning with report years due on or after January 1, 2024, Texas more than doubled its “no-tax-due” threshold—raising it from $1.23 million to $2.47 million. This change, enacted by Senate Bill 3, relieves smaller businesses from owing any franchise tax, but it does not eliminate their filing obligations entirely. In this […]