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Understanding Texas Franchise Tax forms

by Intuit• Updated 3 months ago

How do I determine which forms to file?

  • Read this article to see if you qualify to file:
    • No Tax Due (only for tax years 2022 and prior)
      • See here for important changes for the No Tax Due Form 05–163 for tax year 2023.
    • EZ Computation
    • Long Form
  • Estimate the tax liability of the entity under the revised franchise tax with the Franchise Tax Online Calculator.

Not all of the below forms are available in the program. If you don't see a form listed, qualifying taxpayers can file online with WebFile—24 hours a day, 7 days a week.

No Tax Due (only for tax years 2022 and prior)

  • 05-163 No Tax Due Information Report
  • 05-102 Public Information Report (required for all Corporations, Limited Liability Companies and Banking Institutions)
  • 05-167 Ownership Information Report (required for all entities that are not required to file a Public Information Report)
  • 05-166, Affiliate Schedule (for combined groups)
  • 05-175 Tiered Partnership Report (required for tiered partnerships only)
  • 05-177, Common Owner Information Report

EZ Computation

  • 05-169 EZ Computation Report
  • 05-102 Public Information Report (required for all Corporations, Limited Liability Companies and Banking Institutions)
  • 05-167 Ownership Information Report (required for all entities that are not required to file a Public Information Report)
  • 05-170 Payment Form
  • 05-166 Affiliate Schedule (required for combined groups)
  • 05-175 Tiered Partnership Report (required for tiered partnerships only)
  • 05-177, Common Owner Information Report

Long Form

  • 05-158a Franchise Tax Report Page 1
  • 05-158b Franchise Tax Report Page 2
  • 05-160 Credits Summary Schedule
  • 05-102 Public Information Report (required for all Corporations, Limited Liability Companies and Banking Institutions)
  • 05-167 Ownership Information Report (required for all entities that are not required to file a Public Information Report)
  • 05-170 Payment Form
  • 05-166 Affiliate Schedule (required for combined groups)
  • 05-175 Tiered Partnership Report (required for tiered partnerships only)
  • 05-177, Common Owner Information Report
  • 05-178, Research and Development Activities Credits Schedule
  • 05-180, Historic Structure Credit Supplement for Credit Claimed on Report

Questionnaires for Franchise Tax Accountability

  • AP-114 Texas Nexus Questionnaire (for these non-Texas entities: corporations, limited liability companies, partnerships, associations, trusts, joint ventures, holding companies, joint stock companies and railroad companies)
  • AP-231, Texas Trust Questionnaire
  • AP-223 Bank Nexus Questionnaire (for these Texas entities: Savings and Loans, State Banks, Federal Banks, Savings Banks and Foreign Country Banks)
  • AP-224 Texas Business Questionnaire (for these Texas entities: partnerships, associations, trusts, joint ventures, joint stock companies and railroad companies)

Status Change or Closing or Reinstating a Business

  • 05-359 Request for Certificate of Account Status
  • 05-391 Tax Clearance Letter Request for Reinstatement of Tax Forfeitures

Additional forms available individually for download

  • 05-165 Extension Affiliate List (for combined groups)

How do I generate the Texas Franchise Tax forms in the program?

Refer to one of the following articles for instructions on generating the Texas Franchise Tax forms in the applicable program:

Lacerte Tax 2021Lacerte Tax 2022Lacerte Tax 2023ProConnect Tax OnlineProSeries Professional 2021ProSeries Professional 2022ProSeries Professional 2023

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