Texas State Business Tax Extension Filing Instructions
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Last modified 3/20/2023 8:37:40 AM EST |
Added by ExpressExtension Team
Texas State does not have a separate income tax for businesses. But, the State imposes the Franchise Tax on businesses operating in Texas. Therefore, businesses can file a tax extension with the state department to request additional time to file the franchise tax with the state.
Extension Form to use
- Form 05-164, Texas Franchise Tax Extension Request, gives an additional 3-months time to file the franchise tax with the state.
- Form 05-064, allow for a second extension that will extend your final filing deadline to additional 3 months.
Due date to file Texas tax Extension
| Extension Form | Actual Due date | Extension period |
|---|---|---|
| Form 05-164 (Texas Franchise tax extension Request) |
May 15 | 3-months |
Texas tax extension Filing Method (Paper/Electronic)
Texas tax extension can be filed either through paper or electronically.
How to pay the state tax due?
You can pay your tax due using any of the following options:
- Businesses can use the franchise tax web file offered by Texas to make tax payments and balance dues.
- Franchise tax payments by electronic funds transfer (mandatory EFT)
Does ExpressExtension support this State filing?
Yes, you can Complete the Texas Extension Form with ExpressExtension in minutes. Our application validates your form by performing an internal audit to check for errors. Once complete, all you need to do is print your form and mail it to the address we’ve provided. Please note: An extension to file doesn’t mean more time to pay, if you owe any tax due, make your tax payment by the original due date of your state return to avoid late payment penalties.
Any Special Requirements?
A tax extension gives you more time to file, but not more time to pay your state tax. To avoid penalties, you must pay at least 90% of your current year’s tax liability or 100% of your previous year’s tax liability and file your Texas extension request by the original deadline of the return.
For more information regarding Texas business state tax extension, click here.