How to File a No Tax Information Report - YouTube

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In this video, we'll show you How to File

a No Tax Due Information Report. Before moving forward with the rest of

this form you'll need to confirm that you're eligible for

a no tax due information report. Your business can qualify to file a no tax

due report if any of the following statements are

true. Your business is an entity or a combined group

with an annual total revenue less than or equal to the no

tax due threshold. Your business has zero Texas receipts.

Your business is a passive entity as defined in chapter 171

of the Texas Tax Code. Your business is a real estate investment

trust as specified in section 171.0002 (c)(4) of the Texas Tax Code. If you're

eligible let's continue. From our home page select

the blue Webfile button, be aware that the Webfile

system times out after an hour of inactivity

and remember you can pause this video at any time.

If you have an existing Webfile account enter your user id

and password. If you don't have a Webfile account

no problem, visit our How to Create a Webfile Account

video to create your account. Note this example is for a user who has

already assigned a taxpayer to their account.

For information on assigning a tax, please visit our How to Add

Tax Account Associations video, in the my taxpayer accounts section,

select the taxpayer card with your taxpayer information.

If your account is not listed you will need to add it to your profile by

selecting the blue assign taxes and fees button.

Let's get started filing your franchise no tax due information report return.

Select the radio button next to the file no tax due information report

and select continue.

Now select the report year for which you are filing,

if you received an error message no period of obligation

contact the franchise tax office section at 1-800-531-5441,

extension 34402, for more information about this error.

If you did not receive an error message select continue.

Now you can confirm your eligibility to file a no tax due information report

gather the information you need to file the report and select continue,

answer the questions by selecting yes or no, then select continue.

If there's any terms you don't understand or haven't seen

you can click help for definitions of these terms.

Enter your NAICS code, if you don't have your

NAICS code you may still continue to file your report.

Enter the accounting year beginning and end dates.

Please respond to the qualification questions,

in order to qualify to file a no tax due report,

the answer to at least one of these questions must be yes.

Now enter the total revenue for your business for the accounting year

your designation above and select continue.

On the current mailing address screen, please verify the information is correct

and make any necessary updates. Note that any updates you'll make, only

update the franchise tax mailing address on file with the Comptroller's office,

select continue. On the public information report update

any incorrect information, read the declarative statement and check

the box to confirm the information is accurate,

select continue. The franchise tax review report page

allows you to review your data you've entered before you submit it,

be sure to carefully review your data. You may also change your report data by

clicking on edit additional reports, edit no tax due report, edit mailing

address and edit information report, you must

select submit to report. This is only a review page and a report

has not been submitted yet, select submit report to proceed.

Congratulations, you have successfully filed your no tax

due information report. You don't need to mail in this

confirmation report but it is important to print

and save this page for your records. If you need additional help with your no

tax due report, please contact franchise tax assistance at

1-800-252-1381 or email us at [email protected].

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