Select Yes when the entity has zero Texas gross receipts.
(Note: Upper tiered partnerships do not qualify to use this form.) 2. 3. This entity has zero Texas Gross Receipts. 3. in Texas Tax Code Sec. 171.0002(c)(4). 4. 5.
Every LLC in Texas must file an annaul Franchise Tax Report … select “yes” for the “Does this entity have zero Texas Gross Receipts” question.
There is no minimum tax requirement under the franchise tax provisions. Any entity that … The entity has zero Texas Gross Receipts. The entity used the 2008 .
The state’s franchise tax, which has key characteristics of a gross receipts tax, applies to all business except sole proprietorships. Texas has no corporate income tax, but it still taxes state businesses.
Why am I receiving a Form 05-163 “No Tax Due Report?” … entity has zero Texas Gross receipts; The annualized total revenue is below the no tax due threshold. … For more information about the 05-163 report, see the Texas Franchise Tax .