For a Texas entity, the end date is the effective date of the termination, merger or … Select Yes when the entity has zero Texas gross receipts.
Texas does not impose a corporate income tax — but that doesn’t mean businesses don’t pay any taxes to the state. Texas collects gross receipts taxes, which are assessed based on the total amount of money a business takes in. … The state’s franchise tax, which has key .
The entity is passive as defined in Chapter 171 of the Texas Tax Code. The entity has $300,000 … The entity has zero Texas Gross Receipts. The entity used the .
Of if your Texas LLC made $0, you can select “yes” for the “Does this entity have zero Texas Gross Receipts” question. Note: If you formed a .
The entity has zero Texas gross receipts. The entity has a tax due of less than $1,000 (TX Tax Code §171.002(d)). The entity has $434,782 or .
zero Texas Gross Receipts would mean that NO gross income was … note that the the threshold is 1,110,000 (again, revenues, receipts, top .
I looked around and I couldn’t find anything that I really understood that explained what zero Texas Gross Receipts means. I assume I’ll put yes .