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 05 166 Texas Franchise Tax Affiliate Schedule for Final Report 2020

05 166 2020-2025 Form

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Instructions and help about texas state comptroller form 05 166

hi everyone my name is Loma and I teach entrepreneurs business and money management skills and today we're going to talk about how to file your Texas franchise taxes and this video specifically is for businesses that actually had an income in the previous year that need to file that income on their franchise tax return if your company did not make any money last year then you'll want to watch my other video that explains how to file zero income for a no tax due franchise tax return sole Proprietors in Texas do not have to file a Texas franchise tax return but anybody with an LLC a C Corp or an S corp does have to file a franchise tax return every single year so if this is you keep watching because I'm about to show you how to file your own franchise taxes okay to get started what you'll want to do is go to the comptroller's website the address is comptroller.texas.gov when you get to the home page you'll see in the business center section

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