TX Comptroller 05-102 2019 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 form 05 102 2019

How to fill out form 05 102:

1. Start by reading the instructions provided with the form carefully. Make sure you understand all the requirements and procedures before you begin filling it out.
2. Begin with the personal information section, which typically includes fields for your name, address, contact information, and any other relevant details. Provide accurate and up-to-date information to avoid any confusion or delays in processing.
3. Move on to the specific sections of the form that pertain to the purpose for which you are filling it out. These sections may vary depending on the nature of the form, so it is important to follow the instructions and provide the necessary information accordingly.
4. Pay close attention to any additional documents or attachments that may be required. Ensure that you have all the necessary supporting documents before submitting the form.
5. Double-check all the information you have entered to ensure that it is accurate and complete. Any errors or omissions may lead to delays or complications in the processing of your form.
6. Finally, review the entire form one last time before signing and dating it. Make sure you understand the implications of your signature and that you have provided all the necessary information.

Who needs form 05 102:

1. Individuals or organizations that are required to report certain types of financial transactions or activities to the relevant authorities.
2. Businesses or individuals involved in regulated industries such as banking, insurance, or securities, where reporting financial transactions and activities is mandatory.
3. Individuals or businesses involved in international trade, where the form may be required to report imports, exports, or other related financial transactions.

• 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.

Video instructions and help with filling out and completing form 05 102

Instructions and Help about form 05 102 tx

If you don't have a Web file account view our how to create a Web file account video to learn how to sign up If you already have an account let's continue Welcome to the franchise tax no tax due information report video Before moving on with the rest of the form confirm you are eligible to file a no tax due information report Your business can qualify to file a no tax due report if any of the following statements are true Your business is an entity or a combined group with annualized total revenue less than or equal to the no tax due threshold Your business has zero Texas receipts Your business is a passive entity as define din Chapter 171 of the Texas Tax Code Or your business is a real estate investment trust as specified in Section 1710002c4 of the Texas Tax Code So if you are eligible let's continue From our home page select the Web file button Enter your user ID and password and select login From the systems' menu select Web file pay taxes and fees Select the 11 digit taxpayer number next tithe franchise tax account you previously assigned If your account is not listed you'll need to add it to your profile Enter the 11 digit taxpayer number If you don't know your number go to our how to find your 11 digit taxpayer number video Select continue to add additional available taxes and fees Select file a no tax due information report and select continue Select the report year If you receive the error message no period of obligation contact the franchise tax section at 1-800-531-5441 Ext 34402 for more information about this error Select continue Now you can confirm your eligibility to file no tax due information report Gather the information you need to file the report and select continue Answer the questions by selecting yes or no and then select continue to Remember if there are any terms you don'ttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttunderstand you can click on help for definitions Enter your SIC and NAILS code If you don't have your SIC or NAILS code you may still continue to file your report Enter the accounting year beginning and end dates Respond to the qualification questions To qualify to file a no tax due report the answer to at least one of these questions must be yes Now enter the total revenue for your business for the accounting year you designated above and select continue On the current mailing address screen verify the information is correct and make any necessary updates Note that any updates you make will only update the franchise mailing address on file with the Comptroller's office Select continue On the public information report page update any incorrect information In the registered agent and office section select yes or no to designate whether you need forms to change the information Read the declaration statement and check on the box to confirm the information is accurate Select continue The franchise tax review report page allows you to review the data you've entered before...

People Also Ask about form 05 102

What happens if you don't file franchise tax in Texas?

Penalties and Interest A $50 penalty is assessed on each report filed after the due date. If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed. If tax is paid over 30 days after the due date, a 10 percent penalty is assessed.

What is the no tax due report threshold for Texas franchise tax?

Tax Rates, Thresholds and Deduction Limits ItemAmountNo Tax Due Threshold$1,000,000Tax Rate (retail or wholesale)0.5%Tax Rate (other than retail or wholesale)1.0%Compensation Deduction Limit$320,0002 more rows

Can Texas Form 05-102 be electronically filed?

No, Form 05-102 can only be e-filed as part of the Texas Franchise Tax return. If separate filing is desired, the form must be paper filed with the taxing authority.

Do I have to file Texas franchise tax?

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

What is Texas Form 05-102 for?

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.

For pdfFiller’s FAQs

Who is required to file form 05 102?

Form 05-102 is required to be filed by all businesses in Texas that are subject to franchise tax.

What is the purpose of form 05 102?

Form 05 102 is a form used by businesses in Texas to report sales and use tax to the Texas Comptroller of Public Accounts. It is used to report taxable sales, use, or rental of taxable items; nontaxable sales; and tax payments for the period covered by the report.

What information must be reported on form 05 102?

Form 05 102 requires the filer to provide information regarding the issuance and transfer of shares in a corporation, including the date of issuance, the number and class of shares issued, the par value and the consideration received for the shares. Additionally, the filer must also provide information about the shareholders, including their name, address, and any other information that may be necessary to identify them.

What is the penalty for the late filing of form 05 102?

The penalty for late filing of Form 05-102 is $25 per day for each late day, up to a maximum of $250.

What is form 05 102?

Form 05-102 is the Texas Sales and Use Tax Return - Short Form. It is used by businesses in Texas to report and remit sales and use tax collected on taxable sales made within the state. This form is typically used by smaller businesses with annual sales and use tax liability of $1,000 or less.

How to fill out form 05 102?

Form 05-102 is used for the annual report of a limited liability partnership (LLP) in Texas. To fill out this form, follow these steps: 1. Download the form: Start by downloading Form 05-102 from the official website of the Texas Comptroller of Public Accounts. Alternatively, you can obtain a copy from your local tax office or request it by mail. 2. Gather the required information: Before starting the form, make sure you have all the necessary information on hand. This may include the LLP's legal name, mailing address, federal employer identification number (FEIN), principal office address, business start date, and the names and addresses of all partners. 3. Complete the cover letter: The form begins with a cover letter that requests general information about the partnership. Fill in the blanks, such as the LLP's name, its principal office address, and the business start date. 4. Asset information: Provide details regarding the LLP's assets, including the year-end total assets of the partnership, the average value of the LLP's Texas-owned assets during the period, and the cost of goods sold. 5. Ownership and activity information: This section requires a breakdown of the partner distributions, including guaranteed payments, salaries, and shares of profits or losses. It also requests information about the partnership's business activity codes – you can refer to the North American Industry Classification System (NAICS) for this information. 6. Nonresident partners: If any of the partners in the LLP are nonresidents of Texas, you need to provide specific details about each nonresident partner, such as their name, address, ownership percentage, and FEIN (if applicable). 7. Certification: The final section of the form is the certification area, where an authorized representative must sign and date the form, stating that the information provided is true and correct to the best of their knowledge. 8. Attach any additional documentation: If required, attach any supporting documents, such as financial statements or schedules, as specified in the instructions. 9. Filing the form: Submit the completed and signed form to the Texas Comptroller of Public Accounts by mail or electronically, as instructed in the form's instructions. Note: This is a general guideline and may not cover all scenarios or specific requirements. It is recommended to carefully read the instructions provided with the form before completing it or consult with a professional familiar with Texas tax regulations.

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