The Texas 05 158 A form is an important document used to report franchise taxes for businesses operating in Texas. This form provides a comprehensive overview of a company's financial activities, including gross revenue, costs of goods sold, and compensation. Accurate completion of this form is essential for compliance with state tax laws and to ensure that businesses meet their annual filing requirements.
The Texas 05 158 A form is a crucial document for businesses operating within the state, serving as the annual Franchise Tax Report. This form captures essential financial information, including gross revenue, cost of goods sold, and compensation details. When completing the form, entities must report their total revenue, which includes various income sources such as sales, dividends, and rents. Additionally, businesses need to account for exclusions from gross revenue and calculate their taxable margin based on specific criteria. The form also requires details on apportionment factors, which determine how much of the revenue is attributable to Texas. Taxpayers must pay close attention to the due date, as timely submission is vital to avoid penalties. Overall, understanding the nuances of the Texas 05 158 A form is essential for compliance and accurate tax reporting, making it a key component of business operations in Texas.
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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
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
d
y
SIC code
NAICS code
m m
Accounting year
begin date**
end date
REVENUE (Whole dollars only)
1.
Gross receipts or sales
2.
Dividends
3.
Interest
4.
Rents (can be negative amount)
5.
Royalties
6.
Gains/losses (can be negative amount)
7.
Other income (can be negative amount)
8.
Total gross revenue (Add items 1 thru 7)
9.
Exclusions from gross revenue (see instructions)
10.
TOTAL REVENUE
(item 8 minus item 9 if
less than zero, enter 0)
COST OF GOODS SOLD (Whole dollars only)
11.
Cost of goods sold
12.
Indirect or administrative overhead costs
(Limited to 4%)
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
16.
Employee benefits
17.
18.
TOTAL COMPENSATION (Add items 15 thru 17)
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05--158--BB (Rev..909-16/9)- /09)
Tcode 13251 Annual
Texas Franchise Tax Report - Page 2
MARGIN (Whole dollars only)
,
.
19.
70% revenue (item 10 x .70)
20.
Revenue less COGS (item 10 - item 14)
21.
Revenue less compensation (item 10 - item 18)
22.
Revenue less $1 million (item 10 - $1,000,000)
23.
MARGIN (see instructions)
APPORTIONMENT FACTOR
24.
Gross receipts in Texas (Whole dollars only)
25.
Gross receipts everywhere (Whole dollars only)
26.
APPORTIONMENT FACTOR (Divide item 24 by item 25, round to 4 decimal places)
TAXABLE MARGIN (Whole dollars only)
27.
Apportioned margin (Multiply item 23 by item 26)
28.
Allowable deductions (see instructions)
29.
TAXABLE MARGIN (item 27 minus item 28)
TAX DUE
X
X X
30.
Tax rate (see instructions for determining the appropriate tax rate)
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)
33.
Tax due before discount (item 31 minus item 32)
34.
Discount (see instructions, applicable to report years 2008 and 2009)
TOTAL TAX DUE (Dollars and cents)
35.
TOTAL TAX DUE (item 33 minus item 34)
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.
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