Form 05-163 Texas Franchise Tax No Tax Due Report - Texas

Form 05-163 Instructions

Add the following details in Texas Franchise Tax Form 05-163:

1. State the taxpayer number - either the number assigned to the entity by the Comptroller's office or the federal employer identification number (FEIN);

2. Indicate the Secretary of State file number or Comptroller file number;

3. Write down the full name and mailing address of the taxpayer;

4. You are allowed to file a report on behalf of a combined group - blacken the appropriate circle if you do it. You may determine the eligibility of the combined group based on the total revenue as a whole. Additionally, you are required to fill outForm 05-166, Texas Franchise Tax Affiliate Schedule, to provide details on all members of the group;

5. Choose one or several statements that qualify your entity to file this report. Your entity must fall under one of the following categories:

   • Entity is passive - at least 90% of its federal gross income is derived from or is related to financial investments and assets, dividends, and royalties;
   • Entity's annualized total revenue is below the no tax due threshold - less than or equal to $1,130,000;
   • Entity has zero Texas Gross Receipts;
   • Entity is a Real Estate Investment Trust (REIT) that holds interests in limited partnerships or other taxable entities holding real estate, or only holds real estate it occupies for business purposes;
   • Entity is a new veteran-owned business - formed or organized in Texas on or after January 1, 2016, and owned by an individual honorably discharged from the United States armed services;

6. Enter the accounting year start and end dates;

7. Indicate your total revenue. A REIT, new veteran-owned business, or passive entity may enter zero;

8. Write down your name and phone number. Certify all statements in the form are true and correct, sign the document, and write down the actual date.