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.

👉 Click here to access the KB2 Texas Franchise Tax Filing Guide 

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