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Tag: State Tax
Final Franchise-Tax Filings When You Close a Texas LLC
Final Franchise-Tax Filings When closing your Texas LLC, the final franchise-tax filing is critical to avoid penalties, interest, or future liens. This “final report” notifies the Comptroller that your business has ceased operations and ensures no outstanding tax liabilities remain. Relevant Tax Code References Texas Tax Code §171.255(d) requires a final franchise-tax report and payment […]
ACH vs. Credit Card: Cheapest Way to Pay the Texas Comptroller
ACH vs. Credit Card When filing Texas sales tax, franchise tax, or other Comptroller obligations, you can pay electronically via ACH (Automated Clearing House) or by credit card. Choosing the most cost-effective method helps preserve cash flow and reduce fees. IRC & Texas Tax Code References IRC §6302(a) requires taxpayers to timely remit federal tax […]