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Filing a Texas extension request in Lacerte

by Intuit• Updated 7 months ago

Use Screen 54.431, Texas Franchise Tax, to request an extension. Find Texas Extension Request under the Sections box on the lower left side of the screen to check the box for File 05-164 extension form or e-file 05-164 extension form.

Second extension filing for Texas Franchise Tax in Lacerte

Second extensions can't be filed through ProConnect. Per the Texas Comptroller instructions on franchise tax extensions, you can request a second extension by:

Making a timely TEXNET payment using tax type code 13080 (Franchise Tax Extension);
Using franchise tax Webfile to make a second extension payment;
Using Webfile or submitting Form 05-164, Texas Franchise Tax Extension Request if all tax due was paid with the entity's first extension.

ProConnect doesn't have an input field to indicate a second extension was filed, so be sure to follow the instructions below to make any necessary changes when filing the return.

To manually change the due date of a return

Follow these steps to manually change the due date of the return (when the second extension was filed):

Go to the input screen for Invoice, Letter, Filing Instructions.
Scroll to the section Client Letter.
Enter the revised due date of return.

To manually force the tax based on COGS

Follow these steps to manually force the tax based on COGS (which Lacerte will not automatically select after the first extended due date):

Go to the input screen for Texas Franchise Tax.
Scroll to the section Deductions and Tax Adjustments.
Enter 1 in the field Calculation method: 1=COGS, 2=compensation, 3=70%, 4=EZ, 5=less 1 million [O].

Relevant input screen numbers

S-corporate	4.1 Invoice, Letter, Filing Instructions and 49.431 Texas Franchise Tax
Corporate	5.1 Invoice, Letter, Filing Instructions and 51.431 Texas Franchise Tax
Partnership	2.1 Invoice, Letter, Filing Instructions and 43.431 Texas Franchise Tax
Individual	5.1 Invoice, Letter, Filing Instructions and 54.431 Texas Franchise Tax

Lacerte Tax 2023

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