If your entity is a member of a combined group, see Rule 3.590(k), Margin: Combined Reporting to determine whether you are required to file a final report in addition to the annual report and appropriate information report.

Filing for each of these two scenarios must include the appropriate information report (Form 05-102, Texas Franchise Tax Public Information Report (PDF), or Form 05-167, Texas Franchise Tax Ownership Information Report (PDF)) based on entity type. For entities electing to report using the tiered partnership provision, read more about tiered partnership provisions and their no tax due qualification requirements.

Taxable Payments Annual Report Form Download

Download File 🔥 https://byltly.com/2y5yFK 🔥

When the accounting period upon which the franchise tax report is based is more or less than 12 months, a taxable entity must annualize its total revenue to determine its eligibility for the no tax due threshold and qualification for the E-Z Computation. To annualize total revenue, divide total revenue by the number of days in the period upon which the report is based, then multiply the result by 365.

Note that taxpayers who elected to use the E-Z Computation Report or filed the No Tax Due Report may amend to the long form and elect to use the COGS or the compensation deduction. An amended report that results in a reduction of tax liability is a request for refund and must meet refund requirements.

A taxable entity first subject to franchise tax on or after Oct. 4, 2009, will file a first annual report, instead of an initial report, on May 15 of the year following the year the entity became subject to the tax.

The privilege period covered by the first annual report will be from the date the entity becomes subject to franchise tax through Dec. 31 of the following calendar year. For example, an entity becoming subject to franchise tax on Nov. 15, 2013, filed a 2014 annual report due May 15, 2014, for the privilege period Nov. 15, 2013, through Dec. 31, 2014.

The accounting period covered by the first annual report will be based on the accounting period beginning on the date the entity becomes subject to franchise tax and ending on the last accounting period ending date for federal income tax purposes in the same calendar year as the beginning date. For example, for report year 2014, the accounting period ending date for an entity with a fiscal year end of Sept. 30 will be Sept. 30, 2013.

To end its existence in its first year, an entity must satisfy franchise tax filing requirements prematurely. If the entity ceases business and has not had an accounting year end, the entity will file an annual franchise tax report (No Tax Due or EZ Computation, if qualified, or Long Form) and the appropriate information report, and pay any tax due.

If the entity is a fiscal year end taxpayer that ceases business after its normal accounting year end, it must file both an annual and a final report. The annual report will cover the period from its beginning date through the entity's normal accounting year end. The final report will cover the day after its normal year end through the last day the entity conducted business. Only one information report is due.

If the entity's normal accounting year ending date is before the date the entity first became responsible for the tax, the first annual report filed will reflect a one-day accounting period (that is, the accounting year end date will be the same as the accounting year begin date).

Employers of household service employees may elect to file and pay the Virginia income tax withheld from their employees' salaries on an annual basis, at the same time they submit the employees' Forms W-2 for the year. In order to qualify for the annual filing, the employment must consist exclusively of domestic service in the private home of the employer as defined in the Federal Employment Tax Regulations. Employers may register for this filing option online, or by using Form R-1H. See Household Employer (Nanny Tax) for more information.

You can also pay using ACH Credit (initiating payments from your bank account to Virginia Tax's bank account). For more information about initiating ACH creditand set up with financial institutions, see our Electronic Payment Guide.

Employers of certain household employees have the option of reporting and paying the Virginia income tax withheld from those employees on an annual basis. For the employer to qualify, the employment must consist exclusively of domestic service in the private home of the employer, as defined in the Federal Employment Tax Regulations.

The annual filing provision is a filing option for qualified employers. It does not establish a new requirement for withholding. Unlike the federal "nanny tax," the Virginia household employer's withholding tax is filed on a separate return, and is not included in the employer's personal income tax filing. If you choose to register for this annual filing option, you will be required to file Form VA-6H, the Virginia Household Employer's Annual Summary of Income Tax Withheld, by Jan. 31 each year to report and pay the Virginia income tax withheld for the preceding calendar year. You must file Form VA-6H online, either through your online services account or through eForms.

Complete instructions for withholding Virginia income tax from wages, salaries, and other payments are contained in the Virginia Employer Withholding Instructions. Information on corresponding federal requirements is available from the IRS, and unemployment tax information, including an annual filing option, is provided by the Virginia Employment Commission.

No. The household employer annual filing option is available only to employers whose employees provide domestic service in the home. You should register for an employer withholding tax account to report the taxes for your business employees.

Yes. The service providers need to be sure to reference the proper account number, particularly the suffix. Although many accounts will carry a suffix of F001, this will not always be the case. For example, if you have accounts for both business and household employees, or if you switched to the annual filing status from a previously existing quarterly account, your household employer account may carry a suffix of F002, F003, etc. It is important to use the correct suffix to make sure that payments are applied correctly. To avoid errors, check both the name and the account number of the return being submitted. For faster processing, the provider may wish to use our Web Upload service.

New Jersey Income Tax withheld from employees' wages or from other payments must be remitted electronically to the State on a weekly, monthly/quarterly, or annual basis. Electronic payment can be made by e-check, credit card, or electronic funds transfer (ACH debit or ACH credit). The related returns also must be filed electronically on a monthly, quarterly, or annual basis.

Annual Payers (Domestic/Household Employers)

 Domestic employers who withhold federal taxes for their household workers are required to withhold New Jersey taxes. They must report and remit Income Tax electronically, on an annual basis, using Form NJ-927-H, Domestic Employer's Annual Report, along with the contributions for unemployment insurance, healthcare subsidy, workforce development, disability insurance, and family leave insurance, on or before January 31, following the close of the calendar year. They are also required to file the Annual Reconciliation of Gross Income Tax Withheld, Form NJ-W-3, on or before February 15, following the close of the calendar year.

Virginia Tax has been charged with the administration and collection of premiums license tax forms and payments. This tax is imposed on all insurers and surplus lines brokers that are licensed in this Commonwealth by the State Corporation Commission's Bureau of Insurance.

Any insurance company whose annual direct gross Premiums License Tax liability is expected to exceed $3,000 (after tax credits) is required to file estimated tax payments throughout the year. An insurance company whose annual direct gross Premiums License Tax liability is expected to be less than $3,000 is not required to file estimated tax payments with us. However, all insurance companies are required to file an annual Insurance Premiums License Tax return (Form 800), due March 1 of the following year.

Insurance companies' estimated payments are due the 15th day of April, June, September and December, and should be submitted with Form 800ES, Insurance Premiums License Tax Estimated Payment Vouchers. Payment and Form 800ES should be submitted electronically, using the Department's eForms or Online Services for Businesses applications, or by ACH Credit. If you are unable to submit your payments electronically, forms for paper submission are available to download and print for paper submission.

A surplus lines broker is not required to file the quarterly tax report if its annual tax liability is not expected to exceed $1,500 or if it did not have a tax liability for the current period. No report is required for a quarter if there is a credit from a prior period or returned premiums within the same taxable year that equals or exceeds the amount of the tax liability for the current period.

Surplus Lines Brokers Quarterly Tax Reports, Form 801, are due on the 30th day of April, July, October and January. Surplus lines brokers should submit quarterly tax reports and payments electronically via eForms. If you are unable to submit your quarterly tax report Form 801 electronically, you may file paper returns.

All Surplus Lines Brokers, who held a license during the reporting year, whether or not business was transacted, must file an Annual Reconciliation Tax Report, Form 802, due on or before March 1 of the following year. Form 802 is available to file electronically via eForms or as a fillable form.

Any insurance company whose annual direct gross premiums license tax liability is expected to exceed $3,000 (after tax credits), is required to make estimated tax payments. Estimated payments are due on or before the 15th day of April, June, September and December. Our eForms and Online Services for Businesses applications are secure options for submitting estimated payments electronically. If you are unable to submit your estimated payment electronically, Form 800ES, Insurance Premiums License Tax Estimated Payment Vouchers, is available to download and print for paper submission. 17dc91bb1f