Tax filing requirement in TX

[ChiHoang]

My client is a single member LLC. He has a porcelain distribution business with inventory in the warehouse. Anyone knows what he has to file with the state of Texas? 

[Eddie903]

Do you mean the franchise report? 

[dkh]

Is your client a resident of Texas ?     Is the business based in Texas ?   

[ChiHoang]

Yes and yes.

Since ProSeries Basic does not have TX franchise tax, I did it in ProSeries.  Now I tried to open the federal tax in ProSeries Basic, I cannot. It asked me to select and download new products "TX Corp.", but ProSeries Basic does not have it. How do I open federal tax for this client in ProSeries Basic ? Thanks

[Terry53029]

An LLC doing business in Texas will owe state franchise taxes if the LLC's annualized total revenue exceeds the threshold set by the State ($2,470,000 for 2024).

[Michael]

The only report that all LLC's in Texas are required to file is Form 05-102, Texas Franchise Tax Public Information Report (PIR). Depending on your client's revenue they may also need to file a franchise tax report. 

[ChiHoang]

Thank you. Please help me how to open the client file in ProSeries Basic that I described problem in the previous message. Thanks