LABWIRE INC
This entity is not in good standing as it has not satisfied all franchise tax requirements.
ecpa.cpa.state.tx.us
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Tax Reports
Initial Reports
The initial report is due 89 days after the first anniversary of the charter date of a Texas corporation. For a non-Texas corporation, the due date is 89 days after the first anniversary of the date the corporation began doing business in Texas.
Taxable capital for an initial report is based on the corporation's last accounting period ending date that is at least six months after its beginning date and at least 60 days before the due date of the initial report. If the corporation's normal accounting year end does not meet the above criteria, the corporation must use the end of the month that is closest to the first anniversary of its beginning date.
Earned surplus for an initial report must be reported beginning with the date the corporation began doing business in Texas and ending with the corporation's last accounting period ending date for federal income tax purposes that is at least 60 days before the due date of the initial report.
A preprinted report with a prorated tax rate for taxable capital will be mailed to the corporation's address on file with the Comptroller's Office about two months before the report is due. A franchise tax report must be signed by an officer, director, or any other person authorized by the corporation. Blank initial reports are available on-line at <www.window.state.tx.us>.
Annual Reports
After the initial report is filed, the corporation will file an annual report each May 15. Preprinted report forms are mailed to the corporation's address on file with the Comptroller's Office at least a month before the report is due. A franchise tax report must be signed by an officer, director, or any other person authorized by the corporation. Blank annual reports are available on-line at <www.window.state.tx.us>.
Taxable capital for an annual report is based on the end of the corporation's last accounting period in the calendar year prior to the calendar year in which the report is due.
Earned surplus for an annual report must be reported beginning with the day after the ending date on the previous franchise tax report and ending with the corporation's last accounting period ending date for federal income tax purposes in the calendar year prior to the calendar year in which the report is due.
Failure to receive a preprinted report form does not relieve the corporation from the responsibility for filing the report.
Extensions
An initial filer may request a 45-day extension to file the report. The request must be postmarked on or before the original due date of the report and include 90 percent or more of the tax that will be due when the report is filed.
A corporation filing an annual franchise tax report may request an extension until November 15 to file the report. The request must be postmarked on or before May 15 and must include 90 percent or more of the tax that will be due with the current year's report, or 100 percent of the tax reported as due for the previous calendar year on the report due in the previous calendar year. If the corporation elects to pay 100 percent of the tax reported as due for the previous calendar year, the previous year's report must be filed on or before May 14 of the current report year in order for the extension to be granted.
Corporations required to pay the tax via Electronic Fund Transfer (EFT) may request an extension until August 15 to file the annual report. The request for extension must be postmarked on or before May 15. Payment must be 90 percent or more of the tax that will be due with the current year's report or 100 percent of the tax reported as due for the previous calendar year on the report due in the previous calendar year. If the corporation elects to pay 100 percent of the tax reported as due for the previous calendar year, the previous year's report must be filed on or before May 14 of the current report year in order for the extension to be granted.
Payment must be sent by electronic fund transfer on or before May 15.
A corporation that must pay electronically may request an additional extension until November 15 to file the report by filing a second extension request postmarked on or before August 15. The balance of the amount of tax that will be reported on the franchise tax report for the current year must be sent electronically on or before August 15.
To request an extension, complete Form 05-110, Extension Request for Texas Corporation Franchise Tax Report.
window.state.tx.us |
