What is Texas Franchise Tax?
The Texas Franchise Tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.
The Texas Franchise Tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.
May 15th
Amount: $2,470,000
If you are in a no tax due threshold you are still required to file either a PIR (public information report) or OIR report (ownership information report)
A qualifying new veteran-owned business is not subject to franchise tax for its initial five-year period. There are requirements and a verification process that we can help you navigate.
If you need assistance with PIR or OIR reports, have received a letter or notice from the Texas State Comptroller regarding your right to transact business, or need help with filing requirements, our team is here to help. We can guide you through the necessary steps, explain your obligations, and provide expert support to ensure you remain compliant with all Texas Franchise Tax regulations and state notices.
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