top of page
Search

Texas Franchise Tax Deadline Is Tomorrow — Are You Ready?

Texas Franchise Tax Deadline Is Tomorrow — Are You Ready?
Texas Franchise Tax Deadline Is Tomorrow — Are You Ready?

May 15, 2025, is the deadline for filing your Texas Franchise Tax report. Whether you're a seasoned business owner or new to the process, here's what you need to know:


Who Needs to File?

  • Taxable entities formed or operating in Texas, including corporations, LLCs, and partnerships.

  • Revenue Threshold: If your annualized total revenue exceeds $2.47 million, you're required to file a franchise tax report.


Filing Requirements

  • Franchise Tax Report: Depending on your revenue and business type, you'll file either the EZ Computation Report or the Long Form.

  • Information Report: All entities must file a Public Information Report (PIR) or Ownership Information Report (OIR), regardless of revenue.


Need More Time?

  • Extension Requests: You can request an extension by submitting the appropriate form or making a timely online extension payment.


Avoid Penalties

  • Late Filing Penalty: A $50 penalty applies to reports filed after the due date, even if no tax is due.



Want step-by-step instructions? We’ve created a free resource page that walks you through the Texas Franchise Tax filing process, including what forms you need, where to file, and how to stay compliant.


Need Additional Assistance?


At KB2 Bookkeeping & Tax, we're here to help you navigate the complexities of franchise tax filing. Contact us today to ensure your reports are filed accurately and on time.

📞 512-843-2320 🌐 www.kb2bookkeeping.com

 
 
 

Comments

Rated 0 out of 5 stars.
No ratings yet
Add a rating

📬 Stay Connected with KB2 Business Insights

If you enjoy learning about tax strategies, payroll rules, bookkeeping tips, and real world financial guidance for small businesses, subscribe to the KB2 Business Insights Blog. You will receive a short email each time we publish fresh content. No spam. No overwhelm. Just practical tools to keep your business financially strong.

Your information is secure and will only be used to send KB2 Business Insights updates.

KB2 Bookkeeping & Tax offer Notary Services

Privacy Policy

At KB2 Bookkeeping & Tax, we are committed to protecting your personal and sensitive information. We collect and use your data solely to provide bookkeeping, tax preparation, and filing services, complying with all legal and regulatory requirements. Your information is securely stored, shared only as necessary (e.g., with the IRS or trusted service providers), and never sold. For more details, contact us at info@kb2bookkeeping.com or call 512-843-2320.

©2023 by KB2 Bookkeeping & Tax proudly created with Wix.com

bottom of page