Multiple Texas Franchise Tax Filings

Forum|Forum|3 years ago
January 26, 2023
1 reply
15 views

First year using Pro-Series and running into an issue support couldn't help with. We have several clients that have more than one Texas LLC that franchise is either tied to Sch C, E or F with their 1040. How do you file multiple TX Franchise tax with 1040, Pro Series is pulling the respective schedules and creating Form 05-102 for each LLC but only one Form 05-163. Previous software created a 05-102 & 05-163 for each LLC separately.

ProSeries Professional

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sewcpa

Level 6

I log on to TX Comptroller's website directly and do the franchise tax reports for LLC number 2 and 3 and... directly to the state. It gives immediate confirmation but does not save data for next year like we do thru proSeries. Therefore I choose the most complicated filing to do in ProSeries and do the others directly.

Good Luck

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LSwaimAuthor

Level 2

That's what we are starting to figure out, coming from Drake we were able to file multiple Texas franchise reports and tie them to each schedule while maintaining info each year. Only a few weeks into Pro Series and nobody in our offices are very impressed with software at this point.

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curt1

Level 5

May I ask why you switched from Drake? I've been wanting to switch away from PS for years but don't want to go through the conversion process.

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