The PIR is due on the annual franchise tax report due date. The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.Formation of Business Entities and Nonprofit Corporations Under the Texas Business Organizations Code: Online filing available through SOSDirect. Use Form 8949 to report sales and exchanges of capital assets. Search Tax ID. Use the 11-digit Comptroller's Taxpayer Number or the 9-digit Federal Employer's Identification Number. 331, a liquidating distribution is considered to be full payment in exchange for the shareholder's stock, rather than a dividend distribution. How do you determine number of shares and par value of those shares when establishing an Scorp in the state of Texas?