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RESET FORM PRINT FORM Texas Franchise Tax Extension Request 05-164 Rev.9-16/9 FILING REQUIREMENTS Tcode 13258 Annual AnnualFranchise Taxpayer number Report year Due date 05/15/2018 Mailing address State City ZIP code plus 4 Country Blacken circle if the address has changed If this extension is for a combined group you must also complete and submit Form 05-165. Note to mandatory Electronic Fund Transfer EFT payers 1. Extension payment Dollars and cents Print or type name Area code and phone...

How to fill out 2020 05 164

How to fill out TX Comptroller 05-164

1. Download the TX Comptroller 05-164 form from the official website.
2. Fill out the identifying information in the top section, including your name, address, and Social Security number.
3. Indicate the type of claim you are filing by checking the appropriate box.
4. Fill out the relevant details related to your claim in the designated sections.
5. Calculate any amounts owed or refund due according to the instructions provided on the form.
6. Review the completed form for accuracy and sign it at the bottom.
7. Submit the form to the appropriate state agency either via mail or electronically as instructed.

Who needs TX Comptroller 05-164?

1. Individuals or businesses looking to claim a refund or credit related to Texas state taxes.
2. Taxpayers who made errors on their previous tax filings and need to correct them.
3. Those who have overpaid taxes and wish to get a refund.

People Also Ask about

What is the no tax due report for 2020 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.

Which entity is not subject to Texas franchise tax?

Entities Not Subject to Franchise Tax sole proprietorships (except for single member LLCs); general partnerships when direct ownership is composed entirely of natural persons (except for limited liability partnerships);

What is the Texas franchise tax threshold for 2020?

The no tax due threshold has been adjusted, as required by Texas Tax Code Section 171.006(b), and is now $1,180,000 for reports due on or after Jan. 1, 2020 and before Jan. 1, 2022.

How do I become exempt from franchise tax in Texas?

To apply for franchise and sales tax exemptions, complete and submit Form AP-204, Texas Application for Exemption – Federal and All Others (PDF) to the Comptroller's office. Include a copy of the IRS-issued exemption determination letter with any addenda.

What is Form 05-164?

Use franchise tax Webfile or file Form 05-164, Texas Franchise Tax Extension Request, along with the appropriate payment, on or before the original due date of the report. The extension payment must be at least 90 percent of the tax that will be due with the report filed on or before Nov.

What is the threshold for Texas franchise tax?

Reports and Payments For franchise tax reports originally due…The no tax due threshold is…on or after Jan. 1, 2022, and before Jan. 1, 2024$1,230,000on or after Jan. 1, 2020, and before Jan. 1, 2022$1,180,000on or after Jan. 1, 2018, and before Jan. 1, 2020$1,130,0005 more rows

What is Texas Form 05-167?

Form 05-167 - Texas Franchise Tax Ownership Information Report — The Ownership Information Report (OIR) is to be filed for each taxable entity other than a legally formed corporation, limited liability company, limited partnership, professional association, or financial institution.

What is Texas Form 05 164?

Use franchise tax Webfile or file Form 05-164, Texas Franchise Tax Extension Request, along with the appropriate payment, on or before the original due date of the report. The extension payment must be at least 90 percent of the tax that will be due with the report filed on or before Nov.

Who is required to file Texas franchise tax report?

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

What is the Texas franchise tax no tax due threshold?

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

What is Texas Webfile number?

What is my Webfile number and where do I find it? Your Webfile number is your "access code" to Webfile issued by the Comptroller's office. It is printed in the upper left corner of the tax report we mail to each taxpayer and on most notices. It is two letters followed by six numbers (Example: RT666666).

What is Texas Form 05-164?

Use franchise tax Webfile or file Form 05-164, Texas Franchise Tax Extension Request, along with the appropriate payment, on or before the original due date of the report. The extension payment must be at least 90 percent of the tax that will be due with the report filed on or before Nov.

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What is TX Comptroller 05-164?

TX Comptroller 05-164 is a form used for reporting certain types of business activities and financial data to the Texas Comptroller of Public Accounts.

Who is required to file TX Comptroller 05-164?

Entities conducting certain business activities in Texas that meet specific thresholds or requirements are required to file TX Comptroller 05-164.

How to fill out TX Comptroller 05-164?

To fill out TX Comptroller 05-164, you will need to provide information related to your business activities, financial data, and any specific disclosures required by the form.

What is the purpose of TX Comptroller 05-164?

The purpose of TX Comptroller 05-164 is to collect data for tax assessment, compliance, and regulatory purposes within the state of Texas.

What information must be reported on TX Comptroller 05-164?

The information that must be reported on TX Comptroller 05-164 includes business identification, revenue details, expenses, and any specific tax-related information as specified in the form.