Tax filing requirement in TX

Forum|Forum|1 year ago
March 26, 2025
4 replies
12 views

My client is a single member LLC. He has a porcelain distribution business with inventory in the warehouse. Anyone knows what he has to file with the state of Texas?

ProSeries Basic

This topic has been closed for replies.

E

Eddie903

Level 4

Do you mean the franchise report?

dkh

Level 15

Is your client a resident of Texas ? Is the business based in Texas ?

C

ChiHoangAuthor

Level 6

Yes and yes.

Since ProSeries Basic does not have TX franchise tax, I did it in ProSeries. Now I tried to open the federal tax in ProSeries Basic, I cannot. It asked me to select and download new products "TX Corp.", but ProSeries Basic does not have it. How do I open federal tax for this client in ProSeries Basic ? Thanks

T

Terry53029

Intuit Community Champion

An LLC doing business in Texas will owe state franchise taxes if the LLC's annualized total revenue exceeds the threshold set by the State ($2,470,000 for 2024).

M

Michael11_2

Level 3

The only report that all LLC's in Texas are required to file is Form 05-102, Texas Franchise Tax Public Information Report (PIR). Depending on your client's revenue they may also need to file a franchise tax report.

C

ChiHoangAuthor

Level 6

Thank you. Please help me how to open the client file in ProSeries Basic that I described problem in the previous message. Thanks

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