The extension payment must be at least 90 percent of the tax that will be due with the report filed on or before Nov. Use franchise tax Webfile or file Form 05-164, Texas Franchise Tax Extension Request, along with the appropriate payment, on or before the original due date of the report.
Tax act 2016 extension form how to#
How to Request an Extension Type of Extension Annual reports for entities not required to pay franchise tax by Electronic Funds Transfer (EFT) If a due date falls on a Saturday, Sunday or legal holiday, the next working day becomes the due date. See the Type of Extension section below for important details and to learn how to request an extension.
Generally, for an extension to be valid, 100 percent of the tax paid in the prior year, or 90 percent of the tax that will be due with the current year’s report, must be paid on or before the original due date of the report. If an online extension payment is made, the taxable entity should NOT submit a paper Extension Request (Form 05-164). Timely means the request is received or postmarked on or before the due date of the original report. An extension of time to file a franchise tax report will be tentatively granted upon receipt of an appropriate timely online extension payment or request on a form provided by the Comptroller.
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