Texas Form 05 158 A PDF Details

In the financial landscape of Texas, the Franchise Tax Report, known formally as the Texas 05 158 A form, stands as a pivotal document for businesses operating within the state's borders. This comprehensive form, updated in its current iteration to reflect the period ending and due by June 15, 2021, outlines the filing requirements for an entity's annual franchise tax—a tax levied on businesses for the privilege of conducting business in Texas. Entities such as corporations, limited liability companies, professional associations, limited partnerships, and financial institutions are required to disclose intricate details of their financial operations, including gross receipts, dividends, interest, rents, royalties, and other incomes alongside deductions, cost of goods sold, and compensation expenses. Beyond mere financial disclosures, the form maneuvers through the complexities of calculating the taxable margin after apportionments and deductions, leading to the determination of the tax due, carefully considering any eligible tax credits and adjustments. The 05 158 A form not only serves as a vehicle for tax filing but also as a reflection of Texas' nuanced approach to business taxation, emphasizing transparency, accuracy, and compliance.

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Form NameTexas Form 05 158 A
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Other namesform 05 158, instructions for tx form 158, 05 158 instructions, texas form 05 158 a

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05-158-A

(Rev..9-16/9)

Texas Franchise Tax Report - Page 1

Tcode

13250 Annual

FILING REQUIREMENTS

 

Taxpayer number

Report year

Due date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

0

 

2

 

1

 

 

 

06/15/2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxpayer name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secretary of State le number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

or Comptroller le number

Mailing address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

State

 

 

 

 

 

Country

 

 

 

 

 

 

 

ZIP code plus 4

Blacken circle if the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

address has changed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blacken circle if this is a combined report

 

 

 

 

Blacken circle if Total Revenue

is adjusted for

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tiered Partnership Election, see instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Is this entity a corporation, limited liability company, professional association, limited partnership or nancial institution?

 

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

** If not twelve months, see instructions for annualized revenue

 

 

 

 

m

m

d

 

d

 

y

y

SIC code

 

 

 

NAICS code

 

 

 

 

 

 

m m

d

d

y

 

 

y

 

 

 

 

 

 

 

 

 

Accounting year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounting year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

begin date**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

end date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REVENUE (Whole dollars only)

 

 

 

 

 

 

 

1.

Gross receipts or sales

1.

 

 

2.

Dividends

 

2.

 

 

 

3.

Interest

 

3.

 

 

 

4.

Rents (can be negative amount)

4.

 

 

5.

Royalties

 

5.

 

 

 

6.

Gains/losses (can be negative amount)

6.

 

 

7.

Other income (can be negative amount)

7.

 

 

8.

Total gross revenue (Add items 1 thru 7)

8.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Exclusions from gross revenue (see instructions)

9.

 

 

 

 

 

 

 

 

 

 

 

 

10.

TOTAL REVENUE

(item 8 minus item 9 if

10.

 

 

 

 

 

 

less than zero, enter 0)

 

 

 

 

 

 

 

 

 

 

 

 

COST OF GOODS SOLD (Whole dollars only)

 

 

 

 

 

 

 

11.

Cost of goods sold

 

11.

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

Indirect or administrative overhead costs

12.

 

 

 

 

 

 

 

 

 

 

 

 

 

(Limited to 4%)

 

13.

 

 

 

 

 

 

13.

Other (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

14.

TOTAL COST OF GOODS SOLD (Add items 11 thru 13)14.

 

 

 

 

 

 

 

 

 

 

COMPENSATION (Whole dollars only)

 

 

 

 

 

 

 

15.

Wages and cash compensation

15.

 

 

 

 

 

 

 

 

 

 

 

 

16.

Employee benefits

 

16.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17.

Other (see instructions)

17.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18.

TOTAL COMPENSATION (Add items 15 thru 17)

18.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROCEED TO NEXT PAGE

VE/DE

PM Date

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Page 1 of 2

05--158--BB (Rev..909-16/9)- /09)

Tcode 13251 Annual

Texas Franchise Tax Report - Page 2

Taxpayer number

 

Report year

Due date

Taxpayer name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

0

 

 

2

 

 

1

 

 

06/15/2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MARGIN (Whole dollars only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

19.

70% revenue (item 10 x .70)

19.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20.

Revenue less COGS (item 10 - item 14)

20.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21.

Revenue less compensation (item 10 - item 18)

21.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22.

Revenue less $1 million (item 10 - $1,000,000)

22.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23.

MARGIN (see instructions)

23.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

APPORTIONMENT FACTOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

24.

Gross receipts in Texas (Whole dollars only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25.

Gross receipts everywhere (Whole dollars only)

25.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26.

APPORTIONMENT FACTOR (Divide item 24 by item 25, round to 4 decimal places)

 

 

 

 

 

 

26.

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TAXABLE MARGIN (Whole dollars only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

27.

Apportioned margin (Multiply item 23 by item 26)

27.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28.

Allowable deductions (see instructions)

28.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

29.

TAXABLE MARGIN (item 27 minus item 28)

29.

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TAX DUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

X

X X

 

 

 

.

 

 

 

 

 

 

 

 

 

30.

Tax rate (see instructions for determining the appropriate tax rate)

 

 

 

 

 

 

 

 

 

30.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31.

Tax due (Multiply item 29 by the tax rate in item 30) (Dollars and cents) 31.

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TAX ADJUSTMENTS (Dollars and cents) (Do not include prior payments)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

 

 

32.

Tax credits (item 23 from Form 05-160)

 

 

 

 

 

 

 

32.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33.

Tax due before discount (item 31 minus item 32)

 

 

 

 

 

 

 

33.

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34.

Discount (see instructions, applicable to report years 2008 and 2009)

34.

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL TAX DUE (Dollars and cents)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

,

 

,

 

 

,

 

 

 

,

 

 

.

 

 

35.

TOTAL TAX DUE (item 33 minus item 34)

 

 

 

 

 

 

 

35.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Do not include payment if item 35 is less than $1,000 or if annualized total revenue is less than the no tax due threshold (see instructions). If the entity

makes a tiered partnership election, ANY amount in item 35 is due. Complete Form 05-170 if making a payment.

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 belief.

 

 

Mail original to:

 

 

 

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.

RETURN TO PAGE 1

VE/DE

PM Date

Page 2 of 2

How to Edit Texas Form 05 158 A Online for Free

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texas form 05 158 a requirement gaps to complete

Include the required information in the Rents can be negative amount, Royalties, Gainslosses can be negative amount, Other income can be negative, Total gross revenue Add items, Exclusions from gross revenue see, TOTAL REVENUE COST OF GOODS SOLD, item minus item if less than, Cost of goods sold, Indirect or administrative, Limited to, Other, see instructions, TOTAL COST OF GOODS SOLD Add, and COMPENSATION Whole dollars only segment.

texas form 05 158 a requirement Rents  can be negative amount, Royalties, Gainslosses can be negative amount, Other income can be negative, Total gross revenue Add items, Exclusions from gross revenue see, TOTAL REVENUE COST OF GOODS SOLD, item  minus item  if less than, Cost of goods sold, Indirect or administrative, Limited to, Other, see instructions, TOTAL COST OF GOODS SOLD Add, and COMPENSATION Whole dollars only blanks to fill

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Filling in texas form 05 158 a requirement step 3

You will have to define the rights and obligations of both parties in section B Rev, Tcode Annual, Texas Franchise Tax Report Page, Taxpayer number, Report year, Due date, Taxpayer name, MARGIN revenue item x, Whole dollars only, Revenue less COGS item item, Revenue less compensation item, Revenue less million item, MARGIN see instructions, Gross receipts in Texas Whole, and Gross receipts everywhere Whole.

Finishing texas form 05 158 a requirement stage 4

End up by analyzing the next areas and preparing them correspondingly: Allowable deductions, see instructions, TAXABLE MARGIN item minus item, Tax due Multiply item by the tax, Do not include prior payments, Tax due before discount item, see instructions applicable to, Discount TOTAL TAX DUE Dollars, X X, X XX, Do not include payment if item is, Print or type name, Area code and phone number, I declare that the information in, and Date.

Filling out texas form 05 158 a requirement part 5

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Watch Texas Form 05 158 A Video Instruction

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