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Tag: Penalty Waiver
Penalty Relief Program: How to Request a Waiver Online
Introduction Missed a Texas Franchise Tax deadline? Filed late or made a payment error? Good news: Texas offers a Penalty Relief Program, and in 2025, you can request waivers entirely online. This guide walks you through the process to reduce or eliminate penalties—especially helpful for small businesses, startups, and growing SaaS firms. Texas Code References […]
$50 “Late Report” Fine: How to Abate It With One Letter
$50 “Late Report” Fine If you’ve filed your Texas franchise-tax report late—even if no tax is due—you automatically incur a $50 late-filing fee per report. Fortunately, Texas law allows you to request a waiver of that flat fee (and any related interest or penalties) with a single letter or form. In this post, we’ll explain […]
Late Texas Franchise-Tax Payment? Interest & Penalty Math
Texas Franchise-Tax Payment Missing the May 15 filing or payment deadline for your Texas franchise-tax can trigger multiple charges: a flat late-filing fee, percentage-based penalties, and accruing interest. Understanding how each is calculated—and how quickly they add up—helps you assess the real cost of a late payment and explore possible waiver options. Applicable Tax Authority […]