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?
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
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:
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)
- Go to Input Return ⮕ State & Local ⮕ Taxes
- Select Texas Franchise Tax
- Scroll down to the Combined Reporting subsection
- Check the box labeled No nexus in Texas
Corporate (1120)
- Go to Input Return ⮕ State & Local ⮕ Other Forms
- Select TX Franchise Tax
- Scroll down to the Combined Reporting subsection
- Check the box labeled No nexus in Texas
S-Corporate (1120S)
- Go to Input Return ⮕ State & Local ⮕ Other Forms
- Select TX Franchise Tax
- Scroll down to the Combined Reporting subsection
- Check the box labeled No nexus in Texas
Partnership (1065)
- Go to Input Return ⮕ State & Local ⮕ Other Forms
- Select TX Franchise Tax
- Scroll down to the Combined Reporting subsection
- Check the box labeled No nexus in Texas
On Form 05-102, the names of officers are displayed twice. How do I fix it?
- Go to Input Return ⮕ State & Local ⮕ Other Forms
- Select TX Section A Officers
- 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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