Texas Franchise Tax EZ Computation Report
The Texas Franchise Tax EZ Computation Report is a form used by entities to report annualized total revenue of $20,000,000 or less. This form is essential for taxpayers who need to file their franchise taxes correctly. Ensure to follow the provided instructions for accurate submission.
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How do I fill this out?
To fill out the Texas Franchise Tax EZ Computation Report, start by gathering all necessary information, such as your taxpayer number and revenue details. Follow the prompts on the form, ensuring that you accurately report your total revenue and any applicable discounts. Double-check your entries for accuracy before submission.

How to fill out the Texas Franchise Tax EZ Computation Report?
1
Gather all necessary information including taxpayer number.
2
Fill out the revenue section accurately with whole dollar amounts.
3
Calculate total revenue based on reported income.
4
Review the entries for accuracy before signing.
5
Submit the completed form by the due date.
Who needs the Texas Franchise Tax EZ Computation Report?
1
Small business owners who have annualized total revenue under $20,000,000.
2
Corporations needing to report franchise tax for the year.
3
Limited liability companies (LLCs) that are subject to franchise tax.
4
Professional associations that need to file taxes.
5
Partnerships seeking to comply with Texas tax regulations.
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What are the instructions for submitting this form?
To submit the Texas Franchise Tax EZ Computation Report, mail the original form to Texas Comptroller of Public Accounts, P.O. Box 149348, Austin, TX 78714-9348. Alternatively, you may choose to submit online following the instructions provided in the form. Make sure to verify the accuracy of your information before submission.
What are the important dates for this form in 2024 and 2025?
Important dates for filing the Texas Franchise Tax EZ Computation Report in 2024 are May 15, 2024. In 2025, the due date will be May 15, 2025. Keep an eye on these dates to ensure timely submissions.

What is the purpose of this form?
The Texas Franchise Tax EZ Computation Report is designed to simplify the filing process for businesses with lower revenue. It serves to collect essential tax information while streamlining compliance for eligible entities. Using the correct form assists the Texas Comptroller's office in processing taxes efficiently.

Tell me about this form and its components and fields line-by-line.

- 1. Taxpayer number: A unique identifier assigned to the business entity.
- 2. Report year: The year for which the report is being filed.
- 3. Due date: The submission deadline for the report.
- 4. Total revenue: The overall revenue that needs to be reported.
- 5. Gross receipts: Total sales income not including discounts or returns.
What happens if I fail to submit this form?
Failure to submit the Texas Franchise Tax EZ Computation Report can lead to penalties and accrue interest on unpaid taxes. It may also prompt audits or further inquiries from the Texas Comptroller's office. Timely filing is crucial to avoid complications.
- Penalties: Fines imposed for not filing or filing late.
- Interest on unpaid taxes: Accrual of interest charges on overdue taxes.
- Possible audits: Risk of being audited for failing to comply with tax regulations.
How do I know when to use this form?

- 1. Annual revenue report: To report total revenue of the entity for the year.
- 2. Franchise tax compliance: To comply with Texas state tax laws.
- 3. Small business tax filing: Specifically for small business owners meeting revenue thresholds.
Frequently Asked Questions
What is the Texas Franchise Tax EZ Computation Report?
This report is used to file annual franchise taxes for entities with total revenue under $20,000,000.
Who is required to file this form?
Small businesses, corporations, LLCs, and professional associations with qualifying revenue must file.
How do I edit the PDF?
Edit the PDF directly by selecting fields and entering your information easily.
Can I save my changes?
Yes, after editing, you can download the updated PDF to save your changes.
How do I submit the report?
Follow the instructions on the form for submitting to the Texas Comptroller.
What is the due date for filing?
The due date for this form in 2021 was June 15.
Where can I find the filing instructions?
Filing instructions are available on the Texas Comptroller's website.
Do I need to print and sign the document?
Yes, you need to either print and sign or use the electronic signature feature.
What information must I include?
You must include your revenue details, taxpayer number, and any applicable discounts.
Can I share the filled PDF?
Yes, you can easily share the PDF through various options on PrintFriendly.
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