Why did I get a franchise tax notice?

You may have received a letter from the Texas Comptroller's office stating that your LLC/Corp owes more than $1000 in tax liability. They are only estimating the amount because you failed to file an important annual report, the Franchise Tax Report, which they require.

So, what exactly is a Franchise tax report? Texas imposes a franchise tax on every taxable LLC/Corp formed or doing business in Texas. Every year, all taxable LLCs/Corps must file completed (I highlighted this because most people do it incorrectly) franchise tax and information reports.

When filing franchise tax reports or making payments, errors or omissions can occur; however, the office will send you a notice informing you that there is a problem with the account.

The franchise tax notices webpage contains information that explains what the error message means and how to resolve it.

Here at NoTaxDue.us we can assist you in understanding how to approach these notices or handle them for you by filing the necessary documentation.