Extract Data From Legal Texas Accounting Forms For Free

Request an extension for a final report online with Webfile or by filing Form 05-164, Texas Franchise Tax Extension Request, along with the appropriate payment, submitted or postmarked on or before the original due date of the report.

Federal Exemption under Internal Revenue Code (IRC) Section 501(c) (Tax Code Secs. 151.310 and 171.063) The Texas Tax Code provides an exemption from franchise tax and sales tax to: Nonprofit organizations with an exemption from Internal Revenue Service (IRS) under IRC Section 501(c) (3), (4), (8), (10) or (19);

Form 05-167 - Texas Franchise Tax Ownership Information Report ? The Ownership Information Report (OIR) is to be filed for each taxable entity other than a legally formed corporation, limited liability company, limited partnership, professional association, or financial institution.

Texas Franchise reports may be submitted electronically with approved tax preparation provider software.

Form 05-163 ?No Tax Due Report? generates automatically if the following occurs: Taxpayer is a passive entity. Taxpayer is a newly established Texas Veteran Owned Business (must be pre-qualified). Taxpayer is a Real Estate Investment Trust that meets the qualifications.

Along with computer hardware and software, Texas sales tax also applies to data processing services (Publication 94-127) involving the use of a computer. This is different than the use of a computer to perform nontaxable professional services (e.g., consulting, analysis, tax return preparation, design work, etc.).