Form 05 163 PDF Details

Understanding the nuances of the 05-163 Texas Franchise Tax No Tax Due Report is crucial for businesses looking to comply with the state's tax regulations without paying unnecessary taxes. This form, revised in September 2017, serves as a declaration that a business does not owe any franchise tax for the reporting year—2021 in this instance—due to certain criteria being met. These criteria include the entity's annualized total revenue being below the no tax due threshold and having zero Texas Gross Receipts, among others. Additionally, the form accommodates businesses that qualify under the Tiered Partnership Election and outlines the necessity for electronic filing, with the current document offering a waiver for paper filing for the specified report year only. Failure to correctly file this form can lead to unintended tax liabilities and penalties, highlighting the importance of accurately understanding and completing the required information. The form itself mandates comprehensive details about the taxpayer, including name, mailing address, and taxpayer number, along with specifics regarding the entity's accounting year and total revenue. Information provided must be attested to for accuracy and truthfulness by the individual completing the report. Given these complexities, the 05-163 form not only helps streamline tax reporting for eligible entities but also underscores the broader obligations businesses face under Texas tax law.

QuestionAnswer
Form NameForm 05 163
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names2015 no tax due report texas, TX, taxforms, REIT

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05-163

 

 

 

 

 

Texas Franchise Tax No Tax Due Report

 

 

 

 

 

 

 

 

 

 

 

 

(Rev.9-17/9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FILING REQUIREMENTS

 

 

 

 

 

 

 

Tcode 13255 AnnualFranchise

 

 

 

 

 

 

 

 

 

The law requires No Tax Due Reports originally due on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxpayer number

 

 

 

 

 

 

 

 

Report year

Due date

or after Jan.1, 2016 to be led electronically. Filing this

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

paper report means you are requesting, and we are

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

0

2

1

 

06/15/2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

granting, a waiver from the electronic reporting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

requirement for this report year ONLY.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxpayer name

 

 

 

 

Mailing address

 

 

 

 

City

State

Country

ZIP code plus 4

Blacken circle if the

 

 

 

 

address has changed

NAICS code

Blacken circle if this is a combined report

Blacken circle if Total Revenue is adjusted for Tiered Partnership Election, see instructions. (Note: Upper tiered partnerships do not qualify to use this form.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Blacken all circles that apply.) :

 

 

 

 

 

 

 

(Passive income does NOT include rent.)

 

 

 

 

 

 

 

 

 

(See instructions.)

 

 

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. This entity's annualized total revenue is below the no tax due threshold.

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

This entity has zero Texas Gross Receipts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in Texas Tax Code Sec. 171.0002(c)(4).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Must have formed after Jan.1, 2016, and must be pre-qualied.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(See instructions.)

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6a. Accounting year

 

 

 

m m d d y

y

 

6b. Accounting year

 

 

 

 

m m d d

 

y

 

y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6b.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

begin date

6a.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

end date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

TOTAL REVENUE (Whole dollars only)

7.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Print or type name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Area code and phone number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(

)

 

 

-

 

 

 

 

 

 

 

 

 

I declare that the information in this document and any attachments is true and correct to the best of my knowledge and

 

 

 

 

 

 

 

Mail original to:

 

 

 

 

 

 

belief.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Texas Comptroller of Public Accounts

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

P.O. Box 149348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Austin, TX 78714-9348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructions for each report year are online at www.comptroller.texas.gov/taxes/franchise/forms/. If you have any questions, call 1-800-252-1381.

VE/DE

PM Date

How to Edit Form 05 163 Online for Free

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part 1 to completing annualized

Write down the information in the Passive income does NOT include, This entitys annualized total, This entity has zero Texas Gross, in Texas Tax Code Sec c, Must have formed after Jan and, Blacken all circles that apply, See instructions, See instructions, a Accounting year begin date, m m, b Accounting year, end date, m m, and TOTAL REVENUE Whole dollars only field.

Filling out annualized stage 2

The program will ask for more information with a purpose to instantly fill in the area Print or type name, Area code and phone number, I declare that the information in, Date, Mail original to Texas Comptroller, Instructions for each report year, VEDE, and PM Date.

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