Does The Entity Have Zero Texas Gross Receipts

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Does The Entity Have Zero Texas Gross Receipts

Does this entity have zero Texas gross receipts? Select Yes when the entity has zero Texas gross receipts.
The entity is passive as defined in Chapter 171 of the Texas Tax Code. The entity has $300,000 or less in Total Revenue. The entity has zero Texas Gross Receipts.
Texas does not impose a corporate income tax — but that doesn’t mean businesses … Texas collects gross receipts taxes, which are assessed based. … The state’s franchise tax, which has key characteristics of a gross receipts tax, applies to .
zero Texas Gross Receipts would mean that NO gross income was received (revenue, … receipts, top line income) for having any tax due, but you’ll still need to do the return. … Please let me know if you have ANY questions at all, before rating me … … It’s asking if the entity has zero Texas Gross Receipts.
While nearly all entities in Texas need to file a franchise tax report, this ….. for the “Does this entity have zero Texas Gross Receipts” question.

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