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 05 158 Texas Franchise Tax Annual Report 2020

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[Music] In this video, we'll show you How to File a No Tax Due Information Report. Before moving forward with the rest of this form you'll need to confirm that you're eligible for a no tax due information report. Your business can qualify to file a no tax due report if any of the following statements are true. Your business is an entity or a combined group with an annual total revenue less than or equal to the no tax due threshold. Your business has zero Texas receipts. Your business is a passive entity as defined in chapter 171 of the Texas Tax Code. Your business is a real estate investment trust as specified in section 171.0002 (c)(4) of the Texas Tax Code. If you're eligible let's continue. From our home page select the blue Webfile button, be aware that the Webfile system times out after an hour of inactivity and remember you can pause this video at any time. If you have an existing Webfile account enter your user id and password. If you don

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