TX Comptroller 05-102 2018 free printable template

RESET FORM 05-102 Rev.9-15/33 PRINT FORM Texas Franchise Tax Public Information Report Tcode 13196 Franchise Professional Associations PA and Financial Institutions Report year Taxpayer number You have certain rights under Chapter 552 and 559 Government Code to review request and correct information Blacken circle if the mailing address has changed. Mailing address City State ZIP code plus 4 FILING REQUIREMENTS 1000000000015 Principal place of business This report must be signed to satisfy...

How to fill out TX Comptroller 05-102

How to fill out TX Comptroller 05-102

1. Start by downloading the TX Comptroller 05-102 form from the official website.
2. Fill in your name and contact information at the top of the form.
3. Provide your tax identification number (TIN) or Social Security number (SSN).
4. Indicate the reporting period for which you are filing.
5. Fill in the applicable columns with the required financial information, such as revenue and expenses.
6. Sign and date the form at the bottom.
7. Review the completed form for accuracy before submitting.
8. Submit the form via mail or electronically as instructed on the form.

Who needs TX Comptroller 05-102?

1. Any individual or business entity that is required to report sales tax information in Texas.
2. Businesses that need to claim a sales tax exemption on purchases.
3. Organizations that are involved in sales and are required to maintain compliance with Texas tax regulations.

• Who needs a 05-102 form?
• What is the 05-102 form for?
• What documents must accompany the 05-102 form?
• When is the 05-102 form due?
• • What information should be provided in the 05-102 form?
  • What do I do with the form after its completion?

Who needs a 05-102 form?

This form is used by corporations, LCS, limited partnerships, professional associations, financial institutions and other business entities registered in Texas that are subject to franchise tax. The entities mentioned above must file the form to satisfy their tax obligations.

What is the 05-102 form for?

This form serves as a Texas Franchise Tax Public Information Report. The report is forwarded to the Secretary of State. The information provided is available on the Comptroller’s Franchise Account Status website so that anybody can see the required data of the business entity.

What documents must accompany the 05-102 form?

The report is accompanied by a franchise tax report and other tax forms if required.

When is the 05-102 form due?

This form is due on the date the franchise tax report is due. It won’t take long to fill out the report.

What information should be provided in the 05-102 form?

The report is completed by an officer, director or other authorized person of the business entity.

While completing the form, the filler must provide the following information:

• Taxpayer number
• Report year
• Taxpayer name, mailing address
• Principal office of the business entity
• Principal place of business
• Name, title and mailing address of each officer, director, member, general partner or manager (with the expiration date)
• Name of owned (subsidiary) corporation or financial institution in which the business entity owns an interest of 10% or more (including the state of formation, Texas SOS file number,
• Name of each corporation, LLC, LP, etc. that owns an interest of 10 % or more in your business entity (including state of formation, Texas SOS file number, percentage of ownership)

The filler also has to sign, date the report and type the phone number.

What do I do with the form after its completion?

The completed and signed form is forwarded to the Secretary of the State.

People Also Ask about

What is the no tax due threshold in Texas?

The no tax due threshold is as follows: $1,230,000 for reports due in 2022-2023. $1,180,000 for reports due in 2020-2021. $1,130,000 for reports due in 2018-2019.

Who needs to file Texas franchise tax?

Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax.

What are exclusions from revenue Texas franchise tax?

The tax is not imposed on: • sole proprietorships (except for single member LLCs); • general partnerships where direct ownership is composed entirely of natural persons (except for limited liability partnerships); • entities exempt under Subchapter B of Chapter 171, Tax Code; • certain unincorporated passive entities;

Who must file Form 05 102?

Form 05-102 - Texas Franchise Tax Public Information Report — Each corporation, LLC, limited partnership, professional association, and financial institution that has a franchise tax responsibility must file a Public Information Report (PIR) to satisfy their filing obligation.

What products are exempt from sales tax in Texas?

For example, flour, sugar, bread, milk, eggs, fruits, vegetables and similar groceries (food products) are not subject to Texas sales and use tax. Tax is due, however, on non-food items such as paper, pet, beauty and hygiene products; clothing; books; and certain edible items.

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What is TX Comptroller 05-102?

TX Comptroller 05-102 is a form used in Texas for reporting certain business information and transactions, primarily related to franchise tax.

Who is required to file TX Comptroller 05-102?

Entities that owe franchise tax or are required to report business information to the Texas Comptroller's office must file TX Comptroller 05-102.

How to fill out TX Comptroller 05-102?

To fill out TX Comptroller 05-102, provide accurate information about your business such as entity details, revenue figures, and any applicable deductions as required on the form.

What is the purpose of TX Comptroller 05-102?

The purpose of TX Comptroller 05-102 is to ensure compliance with Texas state laws regarding franchise tax and to collect necessary business information for state revenue purposes.

What information must be reported on TX Comptroller 05-102?

Necessary information on TX Comptroller 05-102 includes the entity's name, type, revenue details, applicable deductions, and tax liabilities, as well as any other information required by the form.