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Common questions about Texas Form 05-102 in ProConnect Tax

by Intuit• Updated 3 months ago

This article will help with questions regarding the Form 05-102, Texas Franchise Tax Public Information Report.

Table of contents:

‣ Who must file the 05-102?
‣ How do I fill out the 05-102?
‣ How do you indicate an affiliate of a combined return was not organized in Texas and does not have physical presence in Texas?
‣ On Form 05-102, the names of officers are displayed twice. How do I fix it?

Who must file the 05-102?

A separate PIR is to be filed for each corporation, LLC, limited partnership, professional association and financial institution that files a separate franchise tax report or that is part of a combined group (unless the corporation, LLC, limited partnership, professional association or financial institution is not organized in Texas and does not have physical presence in Texas). Texas Franchise Instructions, Page 11
Changes to the registered agent or registered office must be filed directly with the Secretary of State, and cannot be made on this form. The changes can be made online or on forms downloaded from their website at: https://www.sos.state.tx.us/corp/forms_option.shtml

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How do I fill out the 05-102?

The tax program automatically produces the 05-102 for the following modules:

  • (1040) Individual
  • (1120) Corporate
  • (1120S) S-Corporate
  • (1065) A partnership that is a Limited Liability Company (LLC) files the 05-102
  • (1065) A partnership that is not an LLC's file the 05-167

Select your module below to see additional input:

  • Section A
    1. Go to Input Return ⮕ State & Local ⮕ Taxes
    2. Select Texas Section A Additional TX Officers (Form 05-102)
  • Section B
    1. Go to Input Return ⮕ State & Local ⮕ Taxes
    2. Select Texas Section B Owned Corporation (Form 05-102)
  • Section C
    1. Go to Input Return ⮕ State & Local ⮕ Taxes
    2. Select Texas Section C Owning Corporation (Form 05-102)
  • Registered Agent
    1. Go to Input Return ⮕ State & Local ⮕ Taxes
    2. Select Texas Miscellaneous Information (Form 05-102/05-167/05-177)
    3. Make entries under the Agent Information section
  • Section A
    1. Go to Input Return ⮕ General ⮕ Officer Information
    1. Make any applicable inputs
      • Additional inputs for officer information:
        1. Go to Input Return ⮕ State & Local ⮕ Other Forms.
        2. Select TX Section A Officers (Form 05-102)
  • Section B 
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms
    2. Select TX Section B Owned Entity (Form 05-102/05-167)
  • Section C
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms
    2. Select TX Section C Owning Entity (Form 05-102)
  • Registered Agent
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms
    2. Select Miscellaneous Information (Form 05-102/05-167/05-177)
    3. Make any applicable inputs under the Agent Information section
  • Section A
    1. Go to Input Return ⮕ General ⮕ Officer Information
    2. Make any applicable inputs
    3. Additional inputs for officer information:
      1. Go to Input Return ⮕ State & Local ⮕ Other Forms
      2. Select TX Section A Officers (Form 05-102)
  • Section B 
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms
    2. Select TX Section B Owned Entity (Form 05-102/05-167)
  • Section C
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms
    2. Select TX Section C Owning Entity (Form 05-102)
  • Registered Agent
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms
    2. Select Miscellaneous Information (Form 05-102/05-167/05-177)
    3. Make any applicable inputs under the Agent Information section
  • Section A:
    1. Go to Input Return ⮕ Partner Information ⮕ Partner Information
    2. For any partner entered here who is also an Officer for the 05-102, scroll down to the Texas Information section
    3. Check the box labeled Partner an Officer?
    4. Additional inputs for Officer information:
      1. Go to Input Return ⮕ State & Local ⮕ Other Forms.
      2. Select TX Section A Officers (Form 05-102)
  • Section B 
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms.
    2. Select TX Section B Owned Entity (Form 05-102/05-167)
  • Section C
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms.
    2. Select TX Section C Owning Entity (Form 05-102)
  • Registered Agent
    1. Go to Input Return ⮕ State & Local ⮕ Other Forms.
    2. Select Miscellaneous Information (Form 05-102/05-167/05-177)
    3. Make any applicable inputs under the Agent Information section

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How do you indicate an affiliate of a combined return was not organized in Texas and does not have physical presence in Texas?

Individual (1040)

  1. Go to Input Return ⮕ State & Local ⮕ Taxes
  2. Select Texas Franchise Tax
  3. Scroll down to the Combined Reporting subsection
  4. Check the box labeled No nexus in Texas

Corporate (1120)

  1. Go to Input Return ⮕ State & Local ⮕ Other Forms
  2. Select TX Franchise Tax
  3. Scroll down to the Combined Reporting subsection
  4. Check the box labeled No nexus in Texas

S-Corporate (1120S)

  1. Go to Input Return ⮕ State & Local ⮕ Other Forms
  2. Select TX Franchise Tax
  3. Scroll down to the Combined Reporting subsection
  4. Check the box labeled No nexus in Texas

Partnership (1065)

  1. Go to Input Return ⮕ State & Local ⮕ Other Forms
  2. Select TX Franchise Tax
  3. Scroll down to the Combined Reporting subsection
  4. Check the box labeled No nexus in Texas

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On Form 05-102, the names of officers are displayed twice. How do I fix it?

  1. Go to Input Return ⮕ State & Local ⮕ Other Forms
  2. Select TX Section A Officers
  3. Verify that officer names were not duplicated in this screen that are also entered in the Partner Information screen with the Partner an Officer? box checked. You can either uncheck the box for the partner, or remove the duplicate entry on this screen

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