What is Texas Franchise Tax and how is it different from sales tax? This is an important distinction. and this video will walk you through all that, along with:
– Who needs to file?
– Who is exempt?
– When is it due?
– How to get a webfile number
– How to request an extension
– AND how to file the different forms
You’ll also learn how to use the Texas webfile system to file online.
0:00 What this video will cover
0:46 What is franchise tax?
1:32 Who needs to file?
2:23 Who is exempt?
2:37 What are the due dates?
6:03 How to get a Franchise Tax webfile number
7:36 How to get a Franchise Tax account
8:58 How to request an extension
9:32 Types of forms and who fills out what
9:55 How to fill out the No Tax Due Information Report
12:48 How to fill out the EZ Computation Report
16:06 How to fill out the Long Form
Website – https://comptroller.texas.gov/taxes/franchise/
Link to the extension form – https://comptroller.texas.gov/taxes/franchise/filing-extensions.php
For help with your sales tax or to see our sales tax services, click here – https://ledgergurus.com/services/sales-tax/
To see our other ecommerce accounting services, click here – https://ledgergurus.com/services/
Contact us – https://ledgergurus.com/services/sales-tax/
Click here to learn about our sales tax course offerings – http://ledgergurusuniversity.com/.
Other related resources:
Do You Qualify for a Sales Tax Exemption? – https://www.youtube.com/watch?v=DlrTfzKoDQU
Why Online Retailers Need to Worry About Sales Tax – https://ledgergurus.com/why-online-retailers-need-to-worry-about-sales-tax/
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