We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Texas Limited Partnership Withholding Rate Related Searches
texas franchise tax exclusions from revenue
franchise tax texas
texas franchise tax calculation
texas franchise tax instructions 2022
texas franchise tax instructions 2022 due date
texas franchise tax status
chapter 171 of the texas tax code
how to file franchise tax in texas
texas franchise tax exclusions from revenue
texas franchise tax calculation
franchise tax texas
chapter 171 of the texas tax code
Interesting Questions
The current Texas limited partnership withholding rate is 8.25%.
The limited partnership itself is responsible for paying the withholding tax in Texas.
No, only limited partnerships with nonresident partners are subject to withholding tax in Texas.
The purpose of the Texas limited partnership withholding tax is to ensure that nonresident partners pay their fair share of taxes on income generated from activities in Texas.
The Texas limited partnership withholding tax is calculated based on the nonresident partner's share of income from Texas sources.
Yes, nonresident partners can claim a refund for excess withholding in Texas if their actual tax liability is lower than the amount withheld.
Yes, if the total amount of estimated tax due from all nonresident partners is less than $500 in a calendar year, no withholding is required.
If a limited partnership fails to withhold the required tax, it may be subject to penalties and interest.
Yes, certain exceptions apply, such as when the nonresident partner has provided a valid exemption or reduction certificate.
For more information about Texas limited partnership withholding tax, you can visit the official website of the Texas Comptroller of Public Accounts.
Trusted and secure by over 3 million people of the world’s leading companies