The instructions to the Texas Franchise Return indicate that corporations with $20 million or less in annualized total revenue may choose to file using the EZ Computation Report (Form 05-169), but I can't figure out why Lacerte keeps trying to generate the 05-158 reports. Total revenue is $3.5 million.
It looks like I wouldn't have to worry about the Cost of Goods Sold adjustments if I do the EZ return, which is very appealing to me, especially since when all is said and done, the corporation doesn't owe any tax.
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