Texas Franchise Tax

Webfile eSystem Outage We are experiencing an intermittent outage with our Webfile eSystem. Some users are currently unable to access Webfile. We are working to resolve this issue and apologize for any inconvenience this may cause. Franchise Tax reports, payments and extensions that are filed and/or paid on or before Wednesday, May 17 will be considered timely filed. Any late-filing penalty that would normally occur will not be assessed.

Alert – Texas Comptroller’s webfile eSystem is down on May 15,2023

This is just a quick post to alert everyone who needs to file a Texas Franchise Tax Report that the Texas Comptroller’s webfile eSystem is down, as of 3pm on May 15, 2023. I’ve been trying to access the system for about 4 hours and haven’t been able to log into the system. The Comptroller […]

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TX passes HB 1195 making forgiveness of PPP loans non taxable for the Texas Franchise Tax

Texas makes PPP Forgiveness non taxable for Franchise Tax

The Texas legislature just passed on the morning of April 23, 2021, HB 1195, making the forgiveness of PPP loans non taxable for the Texas Franchise Tax. The bill originated in the House and, initially, only included the Paycheck Protection Program. When it went to the Senate, the bill was amended to specifically include the

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Texas Franchise Tax Update

Watch out for the new Texas Comptroller emailed Tax Return Due Date Reminder

Towards the end of 2020 the Texas Comptroller updated their website to include a notice that they are changing the annual reminders to file a Franchise Tax Return. I wrote a blog post about these notices back in December and here’s a link to that post. In prior years they mailed a paper reminder to

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Texas Franchise Tax Update

Texas Franchise Tax Filers Need To Watch For Emailed Reminders

The Texas Comptroller is changing the way annual reminders to file the Texas Franchise Tax will be delivered for 2021. For years, they have mailed an annual reminder to each Texas Franchise Tax filer with information about the current year’s due dates and this reminder includes the webfile number the taxpayer will use to e-file

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What you need to know about the Second Texas Franchise Tax Extension

UPDATE 8/2/2022 – I’ve created an updated post for the Second Franchise Tax Extensions due on August 15, 2022 for the 2021 report year. You can find it here: Do You Need A 2nd Texas Franchise Tax Extension? UPDATE: The Texas Comptroller has added time to file extended Texas Franchise Tax Reports. If you extended

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Texas Franchise Tax Extended Due Date

UPDATE: The Texas Comptroller has added time to file extended Texas Franchise Tax Reports. If you extended your Texas Franchise Tax Report on July 15, 2020 (for non-EFT Franchise Taxpayers) and August 15, 2020 (for EFT Franchise Taxpayers), the due date is now January 15, 2021. Their initial posting had said it was only extended

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Is Texas planning to implement Wayfair Economic Nexus for the Texas Franchise Tax?

I was surfing the web this hot Sunday afternoon because it’s just too hot to go outside and I found this gem of an update posted by KMPG in their TWIST podcast published on August 12, 2019. It’s a very short 1:54 podcast so I encourage you to go listen or read the transcript for yourself.

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Texas grants Wolters Kluwer CCH users a penalty waiver for tax returns filed by 5/22/2019

If you’re under the gun to get your Texas Franchise Tax Returns filed on time, the Texas Comptroller has granted a penalty waiver for tax prepares who use the Wolters Kluwer CCH programs. This is all because of the “service interruption” they experienced for most of last week. In order to help spread the word,

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Texas Franchise Tax Report – Report Year and Accounting Period explained

Note for 2022 Texas Franchise Tax Reports – these are the reports for the calendar year ended on December 31, 2021 and other fiscal years that ended during 2021 -There is no change to the deadline like there have been for the past 2 years. The deadline is Monday, May 16, 2022. Well, it’s time

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