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Blank Texas 05 158 A PDF Template

The Texas 05 158 A form is an essential document used for filing the Texas Franchise Tax Report. This form collects financial information from various entities, including corporations and limited liability companies, to determine their tax obligations. Completing this form accurately is crucial for compliance with Texas tax regulations.

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05-158-A

(Rev..9-16/9)

Texas Franchise Tax Report - Page 1

Tcode	13250 Annual	FILING REQUIREMENTS

Taxpayer number

Report year

Due date

06/15/2021

Taxpayer name

Secretary of State le number

or Comptroller le number

Mailing address

City

State

Country

ZIP code plus 4

Blacken circle if the

address has changed

Blacken circle if this is a combined report

Blacken circle if Total Revenue

is adjusted for

Tiered Partnership Election, see instructions

Is this entity a corporation, limited liability company, professional association, limited partnership or nancial institution?

Yes

** If not twelve months, see instructions for annualized revenue

SIC code

NAICS code

m m

Accounting year

begin date**

end date

REVENUE (Whole dollars only)
1.	Gross receipts or sales		1.
1.	Gross receipts or sales		1.
2.	Dividends		2.
2.	Dividends		2.
3.	Interest		3.
3.	Interest		3.
4.	Rents (can be negative amount)		4.
4.	Rents (can be negative amount)		4.
5.	Royalties		5.
5.	Royalties		5.
6.	Gains/losses (can be negative amount)		6.
6.	Gains/losses (can be negative amount)		6.
7.	Other income (can be negative amount)		7.
7.	Other income (can be negative amount)		7.
8.	Total gross revenue (Add items 1 thru 7)		8.


9.	Exclusions from gross revenue (see instructions)		9.
9.	Exclusions from gross revenue (see instructions)		9.
10.	TOTAL REVENUE	(item 8 minus item 9 if	10.
		less than zero, enter 0)
		less than zero, enter 0)
COST OF GOODS SOLD (Whole dollars only)
11.	Cost of goods sold		11.
11.	Cost of goods sold		11.
12.	Indirect or administrative overhead costs		12.
12.	Indirect or administrative overhead costs		12.
	(Limited to 4%)		13.
13.	Other (see instructions)
13.	Other (see instructions)
14.	TOTAL COST OF GOODS SOLD (Add items 11 thru 13)14.


COMPENSATION (Whole dollars only)
15.	Wages and cash compensation		15.
15.	Wages and cash compensation		15.
16.	Employee benefits		16.


17.	Other (see instructions)		17.


18.	TOTAL COMPENSATION (Add items 15 thru 17)		18.

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05--158--BB (Rev..909-16/9)- /09)

Tcode 13251 Annual

Texas Franchise Tax Report - Page 2

Taxpayer number	Report year	Due date	Taxpayer name

		2	0	2	1		06/15/2021


MARGIN (Whole dollars only)
MARGIN (Whole dollars only)						,			,	,		,		.	0	0
19.	70% revenue (item 10 x .70)	19.



20.	Revenue less COGS (item 10 - item 14)	20.				,			,	,		,		.	0	0



21.	Revenue less compensation (item 10 - item 18)	21.				,			,	,		,		.	0	0



22.	Revenue less $1 million (item 10 - $1,000,000)	22.				,			,	,		,		.	0	0



23.	MARGIN (see instructions)	23.				,			,	,		,		.	0	0
23.	MARGIN (see instructions)	23.				,			,	,		,		.	0	0

APPORTIONMENT FACTOR
APPORTIONMENT FACTOR		24.				,			,	,		,		.	0	0
24.	Gross receipts in Texas (Whole dollars only)



25.	Gross receipts everywhere (Whole dollars only)	25.				,			,	,		,		.	0	0
															0	0


26.	APPORTIONMENT FACTOR (Divide item 24 by item 25, round to 4 decimal places)										26.		.


TAXABLE MARGIN (Whole dollars only)
TAXABLE MARGIN (Whole dollars only)						,			,	,		,		.	0	0
27.	Apportioned margin (Multiply item 23 by item 26)	27.



28.	Allowable deductions (see instructions)	28.				,			,	,		,		.	0	0
28.	Allowable deductions (see instructions)	28.				,			,	,		,		.	0	0


29.	TAXABLE MARGIN (item 27 minus item 28)	29.				,			,	,		,		.	0	0


TAX DUE
TAX DUE								X	X X		.
30.	Tax rate (see instructions for determining the appropriate tax rate)									30.
30.										30.


31.	Tax due (Multiply item 29 by the tax rate in item 30) (Dollars and cents) 31.					,			,	,		,		.
31.						,			,	,		,		.

TAX ADJUSTMENTS (Dollars and cents) (Do not include prior payments)
						,			,	,		,		.
32.	Tax credits (item 23 from Form 05-160)			32.



33.	Tax due before discount (item 31 minus item 32)			33.		,			,	,		,		.



34.	Discount (see instructions, applicable to report years 2008 and 2009)			34.		,			,	,		,		.


TOTAL TAX DUE (Dollars and cents)
TOTAL TAX DUE (Dollars and cents)						,			,	,		,		.
35.	TOTAL TAX DUE (item 33 minus item 34)			35.
35.	TOTAL TAX DUE (item 33 minus item 34)			35.

Do not include payment if item 35 is less than $1,000 or if annualized total revenue is less than the no tax due threshold (see instructions). If the entity

makes a tiered partnership election, ANY amount in item 35 is due. Complete Form 05-170 if making a payment.

Print or type name		Area code and phone number
		(	)	-

I declare that the information in this document and any attachments is true and correct to the best of my knowledge and belief.				Mail original to:
			Texas Comptroller of Public Accounts
	Date		Texas Comptroller of Public Accounts
	Date			P.O. Box 149348
				P.O. Box 149348
				Austin, TX 78714-9348

Instructions for each report year are online at www.comptroller.texas.gov/taxes/franchise/forms/. If you have any questions, call 1-800-252-1381.

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Common mistakes

Incorrect Taxpayer Information: Failing to provide the correct taxpayer number or name can lead to processing delays.
Missing Report Year: Not specifying the report year can result in confusion and potential penalties.
Improper Revenue Reporting: Reporting gross receipts or sales inaccurately may affect the tax calculation.
Ignoring Adjustments: Not blackening the circle for adjusted revenue can lead to incorrect assessments.
Omitting Exclusions: Failing to list exclusions from gross revenue can inflate taxable amounts.
Errors in Cost of Goods Sold: Miscalculating the cost of goods sold can impact the overall tax margin.
Incorrect Compensation Figures: Reporting inaccurate wages or benefits can lead to miscalculations in total compensation.
Neglecting to Calculate the Apportionment Factor: This can result in incorrect taxable margins.
Failure to Sign and Date: Not signing the form or providing the date can result in rejection of the submission.

Key takeaways

When filling out and using the Texas 05 158 A form, consider the following key takeaways:

Understand the Purpose: This form is used to report franchise taxes for businesses operating in Texas.
Know Your Due Date: The form is typically due on June 15th of the reporting year. For example, the 2021 report was due on June 15, 2021.
Provide Accurate Revenue Information: Report all gross receipts, including sales, dividends, and other income. Ensure that the total revenue is calculated correctly.
Cost of Goods Sold: Accurately fill out the cost of goods sold section. This includes direct costs and limited administrative overhead costs.
Calculate the Taxable Margin: Follow the specific calculations for determining your taxable margin, which will affect the amount of tax due.
Review Instructions Carefully: Each report year has specific instructions available online. These instructions can clarify any uncertainties about filling out the form.

⇓ Texas 05 158 A PDF

Steps to Using Texas 05 158 A

Filling out the Texas 05 158 A form is an essential step for businesses to comply with state tax requirements. This form collects information regarding your business's financial activities for the reporting year. To ensure accuracy, follow these steps closely.

Begin by entering your taxpayer number and the report year at the top of the form.
Fill in the due date for your report, which is typically June 15 of the reporting year.
Provide your taxpayer name, mailing address, city, state, country, and ZIP code.
If your address has changed, blacken the corresponding circle.
If you are filing a combined report, blacken that circle as well.
If applicable, indicate if total revenue is adjusted for the Tiered Partnership Election.
Specify if your entity is a corporation, limited liability company, professional association, limited partnership, or financial institution by selecting "Yes" or "No."
For the accounting year, enter the begin date and end date in the specified format.
Report your gross receipts or sales in whole dollars.
Continue to fill out the subsequent lines with dividends, interest, rents, royalties, gains/losses, and other income, ensuring all amounts are in whole dollars.
Add items 1 through 7 to calculate total gross revenue.
Report any exclusions from gross revenue as instructed.
Calculate your total revenue by subtracting exclusions from total gross revenue.
Fill in the cost of goods sold, including indirect or administrative overhead costs and other costs as specified.
Calculate your total cost of goods sold by adding the costs together.
Report wages and cash compensation, employee benefits, and any other compensation.
Calculate total compensation by adding all compensation amounts.
Proceed to the next page and complete the margin calculations, including 70% revenue, revenue less COGS, revenue less compensation, and revenue less $1 million.
Determine your taxable margin and complete the apportionment factor.
Calculate your tax due based on the taxable margin and applicable tax rate.
Include any tax adjustments and calculate the total tax due.
Finally, sign and date the form, and provide your contact information.
Mail the completed form to the Texas Comptroller of Public Accounts at the specified address.