TX Comptroller 05-102 2013 free printable template

RESET FORM 05-102 (Rev.9-13/32) (Rev.9-13/32) PRINT FORM Texas Franchise Tax Public Information Report To be filed by Corporations, Limited Liability Companies (LLC) and Financial Institutions This

How to fill out texas form 05 102

How to fill out Texas form 05 102:

1. Gather all necessary information. You will need details about your personal information, such as your name, address, and social security number. You may also need information about your spouse if you are filing jointly.
2. Fill out the top section of the form. Provide your name, social security number, and address.
3. Enter your filing status. Indicate whether you are filing as single, married filing jointly, married filing separately, or head of household.
4. Fill out the income section. Provide information about your total income for the year, including wages, self-employment income, rental income, and any other sources of income. Attach any necessary supporting documents.
5. Deductions and exemptions. Enter any deductions or exemptions you qualify for, such as education expenses, mortgage interest, or dependents. Again, provide any necessary supporting documents.
6. Calculate your taxable income. Subtract your deductions and exemptions from your total income to determine your taxable income.
7. Enter any tax credits you may be eligible for. This could include child tax credits, education credits, or other credits provided by the state of Texas.
8. Calculate your tax liability. Use the tax rate schedule provided in the form instructions to determine the amount of tax you owe.
9. Complete the payment section. If you owe additional tax, include a check or money order payable to the Texas Comptroller of Public Accounts. If you are due a refund, provide your bank account information for direct deposit.
10. Sign and date the form. Be sure to sign and date the form to certify that the information provided is accurate.

Who needs Texas form 05 102?

1. Individuals who are residents of Texas and need to file their state income tax return.
2. Those who have earned income in Texas and meet the filing requirements set by the state.
3. Taxpayers who want to claim any deductions, exemptions, or credits they may be eligible for on their Texas income tax return.

Please note that this information serves as a general guide and it is always recommended to consult with a tax professional or refer to the official form instructions for specific guidance.

• Who needs a 05-102 form?
• What is the 05-102 form for?
• What documents must accompany the 05-102 form?
• When is the 05-102 form due?
• • What information should be provided in the 05-102 form?
  • What do I do with the form after its completion?

Who needs a 05-102 form?

This form is used by corporations, LCS, limited partnerships, professional associations, financial institutions and other business entities registered in Texas that are subject to franchise tax. The entities mentioned above must file the form to satisfy their tax obligations.

What is the 05-102 form for?

This form serves as a Texas Franchise Tax Public Information Report. The report is forwarded to the Secretary of State. The information provided is available on the Comptroller’s Franchise Account Status website so that anybody can see the required data of the business entity.

What documents must accompany the 05-102 form?

The report is accompanied by a franchise tax report and other tax forms if required.

When is the 05-102 form due?

This form is due on the date the franchise tax report is due. It won’t take long to fill out the report.

What information should be provided in the 05-102 form?

The report is completed by an officer, director or other authorized person of the business entity.

While completing the form, the filler must provide the following information:

• Taxpayer number
• Report year
• Taxpayer name, mailing address
• Principal office of the business entity
• Principal place of business
• Name, title and mailing address of each officer, director, member, general partner or manager (with the expiration date)
• Name of owned (subsidiary) corporation or financial institution in which the business entity owns an interest of 10% or more (including the state of formation, Texas SOS file number,
• Name of each corporation, LLC, LP, etc. that owns an interest of 10 % or more in your business entity (including state of formation, Texas SOS file number, percentage of ownership)

The filler also has to sign, date the report and type the phone number.

What do I do with the form after its completion?

The completed and signed form is forwarded to the Secretary of the State.

Video instructions and help with filling out and completing texas form 05 102 instructions

Instructions and Help about texas public information report 2020

Dot is at your service just bought a used car truck you won't officially be its new owner until you complete a few simple steps required by state law especially when you're buying a vehicle from an individual the best way to protect yourself and make sure you do everything right is to go with the seller to the local county tax office and let the experts help you complete the sale now let's go over what you need to do when you buy a used vehicle or receive a vehicle as a gift step 1 get a properly signed title and make sure the seller signs the application for Texas certificate of title a vehicle's title identifies its official owner it's your responsibility to notify Dot within 20 business days of the sale date to let us know the vehicle now belongs to you and to request a new title in your name you'll need two things to apply for title the vehicles title and the application for Texas certificate of title form 1:30 you download the format with gov or get one at your county tax office the seller must sign and date the back of the vehicles title and enter the mileage from the odometer the seller also has to write in the sales price and sign your application for a new title if you procrastinate it'll cost you if you don't apply for a new title within 20 business days from the date of sale you'll automatically be charged a ×25 penalties plus another $25 for every month you're late if you are buying a car or truck from a car lot or a dealership they will apply for a new title in your name always ask for a copy of the paperwork for your records step 2 get the Texas registration receipt VIN number and seller information be sure to ask for the vehicles Texas registration receipt note the date you got the vehicle and write down the previous owners name address and phone number you'll also need the vehicle identification number or VIN which you can find on the title keep the records in a safe place in case there's ever a question about the vehicle step3 print a vehicle transit permit, so you can drive to the county tax office to title the vehicle if the seller kept the place owners can now keep a vehicle's license plates after they sell a car truck if the car truck you're buying in a private sale has had its plates and registration sticker removed you legally aren't allowed to drive it unless you have a temporary vehicle transit permit download one for free online at www.viki go to the County Tax Office with the seller when you're buying a vehicle in a private sale the best way to protect yourself and avoid potentially costly mistakes is for you to go with the seller to the local county tax office staff can check to make sure the vehicle has a clean title without any legal or salvage issues immediately completing the required paperwork also means you won't be facing any late filing fees always make sure you've obtained a properly signed title and the sellers signature and sales price on your application for Texas certificate of title, so you have what you...

People Also Ask about texas form 05 102 instructions

Can the Texas Public information report be Efiled?

Information Reports: Corporations, LLCs, Limited Partnerships, Professional Associations and financial institutions must file the Public Information Report (PIR). All other entity types must file the Ownership Information Report (OIR).

Do I need to file form 05 102?

Form 05-102 - Texas Franchise Tax Public Information Report — Each corporation, LLC, limited partnership, professional association, and financial institution that has a franchise tax responsibility must file a Public Information Report (PIR) to satisfy their filing obligation.

How do you fill out Texas franchise no tax due information report?

Select the tax form you need to file under the Franchise Tax menu. Businesses with less than $1.23 million in annual revenue select “File a No Tax Due Information Report.” Click “Continue.” Select the report year. Click “Continue.”

Who must file form 05-102?

Form 05-102 - Texas Franchise Tax Public Information Report — Each corporation, LLC, limited partnership, professional association, and financial institution that has a franchise tax responsibility must file a Public Information Report (PIR) to satisfy their filing obligation.

What is the no tax due report threshold for Texas franchise tax?

The no tax due threshold is as follows: $1,230,000 for reports due in 2022-2023. $1,180,000 for reports due in 2020-2021. $1,130,000 for reports due in 2018-2019.

How do I fill out a Texas franchise no tax due?

Select the tax form you need to file under the Franchise Tax menu. Businesses with less than $1.23 million in annual revenue select “File a No Tax Due Information Report.” Click “Continue.” Select the report year. Click “Continue.”

Who is required to file a Texas franchise tax return?

Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax.

Who must file a Texas no tax due report?

If annualized total revenue is less than the no-tax-due threshold amount, then the taxable entity files Form 05-163, Texas Franchise Tax No Tax Due Report (PDF). If the tax due is less than $1,000, but annualized total revenue is greater than the no-tax-due threshold amount, then a No Tax Due Report cannot be filed.

Who must file a Texas tax return?

Texas Income Taxes. Since Texas does not collect an income tax on individuals, you are not required to file a TX State Income Tax Return. However, you may need to prepare and efile a Federal Income Tax Return.

Can I file form 05 102 online?

Can I file Form 05-102 online? No, Form 05-102 can only be e-filed as part of the Texas Franchise Tax return. If separate filing is desired, the form must be paper filed with the taxing authority.

What is a Texas form 05 102?

Form 05 102 Texas is a state tax return form. All Texans must file this in April, even those that do not owe taxes. If you've been looking how to get this form, you have clicked the right link.

For pdfFiller’s FAQs

What is texas form 05 102?

Texas Form 05-102 is a legal document called the Certificate of Termination of Joint Venture. It is used in Texas to officially terminate a joint venture between two or more parties. The form requires information about the joint venture, such as the names and addresses of the parties involved, the date of termination, and the reason for termination. This form must be filed with the Texas Secretary of State to notify them of the termination.

Who is required to file texas form 05 102?

Texas Form 05-102, also known as the Affidavit of Inheritance, is required to be filed by an heir or legatee of a decedent's estate when certain conditions are met. This form is typically used when real property (land or buildings) is being transferred as part of an inheritance. The person filing the form must be either the executor of the decedent's will or an heir or legatee who has an ownership interest in the property being transferred.

How to fill out texas form 05 102?

Form 05-102 is used in Texas for reporting the details of a motor vehicle sales tax. Here are the steps to fill out the Texas Form 05-102: Section 1: Motor Vehicle Information 1. Enter the Purchaser's Name, Address, City, State, Zip Code, and County. 2. Provide the Seller's Name, Address, City, State, Zip Code, and County. 3. Fill in the Date of Sale, Vehicle Identification Number (VIN), and Year, Make, and Model of the vehicle. Section 2: Tax Information 4. Check the appropriate box to indicate the type of tax being paid. 5. Fill in the Gross Selling Price or the Total Consideration (amount paid for the vehicle). 6. Specify any trade-in allowances. 7. Calculate the Taxable Amount by subtracting the trade-in allowances (if any) from the Gross Selling Price or the Total Consideration. 8. Apply the Applicable Tax Rate (%). 9. Compute the Total Tax Due by multiplying the Taxable Amount by the Applicable Tax Rate. Section 3: Disclosure and Verification 10. The Seller should sign and date the form, providing their title/position. 11. The Purchaser should also sign and date the form, along with their title/position (if applicable). Section 4: Seller and Purchaser's Copies 12. After completing the form, make copies of the filled-out form for both the Seller and the Purchaser. Section 5: Submitting the Form 13. Send the original completed form along with the payment of tax due to the Texas Comptroller of Public Accounts at the address mentioned on the form. 14. Provide a copy to the Purchaser and keep a copy for your records. Remember to consult with a tax professional or refer to the instructions provided on the form for a detailed guide on filling out Form 05-102.

What is the purpose of texas form 05 102?

The purpose of Texas Form 05-102, also known as the Texas Residential Homestead Exemption Application, is to allow homeowners to claim a homestead exemption on their property for property tax purposes. This form is filed with the county appraisal district in Texas to qualify for certain tax benefits associated with owning and occupying a primary residence as a homeowner. The homestead exemption helps reduce the taxable value of a homeowner's property, resulting in a lower property tax liability.

What information must be reported on texas form 05 102?

Texas form 05-102 is used to report the sales of real property in Texas. The following information must be reported on this form: 1. Reporting Year: The year in which the property was sold. 2. Seller Information: The name, address, and taxpayer identification number (TIN) of the seller(s). 3. Buyer Information: The name and address of the buyer(s). 4. Property Information: The legal description of the property, including the county and appraisal district. 5. Sales Price: The total sales price of the property. 6. Allocation of Sales Price: If the property includes both real and personal property, the form requires the allocation of sales price between the two. 7. Financing: If the sale was financed, the form requires information about the note, including the amount financed, interest rate, and terms. 8. Seller-Financed/Assumed Loan Information: If the buyer assumed or is paying off an existing mortgage, the form requires information about the original loan, including the loan amount, interest rate, and remaining balance. 9. Sale Information: The date of the sale, the down payment amount, and the terms of payment (e.g., cash, installment, exchange, etc.). 10. Real Estate Agent Information: If a real estate agent was involved in the transaction, their name, address, TIN, and license number must be provided. 11. Other Information: The form also has sections for reporting any exemptions or exclusions from the sale, as well as additional information or explanations related to the transaction. It is important to note that this answer provides a general overview of the information required on Texas form 05-102, and it is always advisable to consult the form instructions and seek professional assistance to ensure accurate completion and compliance with state regulations.

What is the penalty for the late filing of texas form 05 102?

According to the Texas Comptroller's website, the penalty for a late filing of Texas Form 05-102 is determined based on the amount of tax due: - If the tax due is less than $1,000, the penalty is $50. - If the tax due is between $1,000 and $10,000, the penalty is $100. - If the tax due is greater than $10,000, the penalty is 10% of the tax due. Additionally, interest accrues on the unpaid tax amount at a rate determined by the Texas Comptroller.

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