Blank Texas 05 164 Form

1. What is the Texas 05-164 form?

   The Texas 05-164 form is an extension request for franchise tax. Businesses in Texas use this form to request additional time to file their annual franchise tax report. This extension can help taxpayers avoid penalties for late submissions.

2. Who needs to file the 05-164 form?

   Any business entity that is subject to Texas franchise tax and needs more time to file its annual report should submit this form. If your business is part of a combined group, you must also complete Form 05-165.

3. What is the due date for submitting the 05-164 form?

   The 05-164 form is typically due on May 15 of the reporting year. For example, if you are filing for the year 2014, the due date would be May 15, 2014. Always check for specific deadlines related to your tax year.

4. How do I submit the 05-164 form?

   You must mail the original form to the Texas Comptroller of Public Accounts at the following address:

   • P.O. Box 149348
   • Austin, TX 78714-9348

   Ensure that all information is accurate before sending.

5. Is there a payment required with the 05-164 form?

   Yes, you need to include an extension payment with your submission. This payment should be filled out in dollars and cents on the form. If you owe tax, it’s crucial to pay it to avoid penalties.

6. What if my address has changed?

   If your mailing address has changed, be sure to blacken the circle on the form indicating this change. Keeping your address updated is essential for receiving important tax information.

7. What if I need a second extension?

   If you are requesting a second extension, do not submit the Affiliate List Form 05-165. Instead, ensure that your first extension request is processed before proceeding with the second request.

8. How can I contact the Texas Comptroller for help?

   If you have questions regarding franchise tax, you can contact the Texas Comptroller's field office in your area or call 1-800-252-1381. They can provide assistance and clarify any concerns you may have about the filing process.

9. Where can I find more information about the 05-164 form?

   For detailed instructions and additional information, visit the Texas Comptroller’s website at www.window.state.tx.us/taxinfo/taxforms/05-forms.html. This site offers resources for each report year and can guide you through the process.

Filling out the Texas 05-164 form can be a straightforward process, but many individuals make common mistakes that can lead to delays or complications. One of the most frequent errors is not providing the correct taxpayer number. This number is crucial for identifying your account with the Texas Comptroller. If you enter an incorrect number, it could result in your extension request being denied or misdirected. Always double-check this information to ensure accuracy.

Another common mistake involves the mailing address section. Some taxpayers forget to update their address if they have moved. This can lead to important correspondence being sent to the wrong location. If you have changed your address, be sure to blacken the circle indicating this change. Failure to do so may cause you to miss vital notifications regarding your tax status.

Additionally, many people overlook the payment section of the form. It is important to enter the correct amount for the extension payment in dollars and cents. Leaving this section blank or entering an incorrect amount can result in penalties or delays in processing your request. Make sure to calculate your payment accurately and double-check before submitting.

Lastly, some individuals forget to sign and date the form. The declaration stating that the information provided is true and correct is a critical part of the submission. Not signing the form can lead to rejection or additional inquiries from the Comptroller’s office. Always remember to review the entire form for completeness, including your signature, before mailing it in.

The Texas 05-164 form, known as the Franchise Tax Extension Request, is a crucial document for businesses seeking additional time to file their franchise tax reports. Alongside this form, several other documents may be required or beneficial for a comprehensive tax filing process in Texas. Below is a list of related forms and documents that are often used in conjunction with the Texas 05-164 form.

• Form 05-165: This is the Affiliate List form. It is necessary when filing a combined report and provides details about the affiliated entities within the group.
• Form 05-166: This form is used to report the Texas Franchise Tax for entities that have undergone a merger or consolidation. It ensures that all necessary tax obligations are fulfilled after such changes.
• Form 05-167: The Franchise Tax Report form is required for annual reporting. It provides a detailed overview of the business's financial activities for the year.
• Form 05-168: This is the Application for a Texas Franchise Tax Exemption. Certain organizations may qualify for exemptions, and this form is necessary to apply for that status.
• Form 05-169: This form is used to report changes in the entity's ownership or structure, ensuring that the Texas Comptroller has updated information on file.
• Form 05-170: The Texas Franchise Tax Credit form allows businesses to claim any applicable credits against their franchise tax liability.
• Form 05-171: This is the Texas Franchise Tax Information Report, which provides additional information that may be required for specific business types.
• Form 05-172: The Annual Report form is often required alongside the Franchise Tax Report to provide a comprehensive overview of the business’s operations and finances.
• Form 05-173: This form is used for businesses that wish to dissolve or withdraw from the Texas franchise tax system, ensuring all tax obligations are settled before closing.
• Form 05-174: The Texas Franchise Tax Payment form is necessary for submitting payments electronically, particularly for those who are mandated to use electronic funds transfer.

Each of these forms plays a specific role in the overall tax filing process in Texas. Understanding their purposes can help ensure compliance and streamline the filing experience. Be sure to consult the Texas Comptroller's website for the most current information and instructions regarding these forms.

• Form 05-165: Texas Franchise Tax Affiliate List - This form is used when a taxpayer is part of a combined group. It requires details about each affiliate to ensure accurate reporting of franchise tax obligations.
• Form 05-102: Texas Franchise Tax Report - This is the primary report submitted by franchise taxpayers. It details income, deductions, and the overall tax liability for the year.
• Form 05-167: Texas Franchise Tax Report for Combined Groups - Similar to Form 05-102, but specifically for entities filing as a combined group. It consolidates financial information from multiple entities.
• Form 05-164-1: Texas Franchise Tax Extension Payment - This form is used to submit the payment for an extension request, ensuring that taxpayers comply with payment requirements while awaiting their report.
• Form 05-173: Texas Franchise Tax Exemptions - This document helps taxpayers determine if they qualify for any exemptions, similar to how the 05-164 form provides a pathway for extension requests.
• Form 05-158: Texas Franchise Tax Information Report - This report provides supplementary information about a taxpayer's business operations, akin to the background information required in the 05-164 form.
• Form 05-164-2: Texas Franchise Tax Extension Cancellation - This form allows taxpayers to cancel a previously requested extension, paralleling the extension request process outlined in Form 05-164.
• Form 05-170: Texas Franchise Tax Report for Limited Liability Companies - Specifically designed for LLCs, this report serves a similar purpose as the 05-164, providing a structured format for tax reporting.
• Form 05-166: Texas Franchise Tax Report for Nonprofits - Tailored for nonprofit organizations, this form outlines the specific tax obligations and reporting requirements, similar to the 05-164 extension request.
• Form 05-169: Texas Franchise Tax Report for Corporations - This document is specifically for corporations, detailing their franchise tax responsibilities, much like the purpose of the 05-164 form for extensions.

When filling out the Texas 05-164 form, it’s important to follow certain guidelines to ensure your submission is correct and accepted. Here’s a list of things to do and avoid.

• Do print or type your information clearly.
• Do double-check your taxpayer name and address for accuracy.
• Do include your taxpayer number and report year.
• Do blacken the circle if your address has changed.
• Do mail the original form to the Texas Comptroller of Public Accounts.
• Don’t forget to sign and date the form.
• Don’t submit an Affiliate List Form 05-165 if requesting a second extension.
• Don’t leave any required fields blank.
• Don’t use a P.O. Box for your mailing address unless specified.
• Don’t hesitate to contact the Texas Comptroller's office if you have questions.

Following these tips can help you avoid common mistakes and ensure your extension request is processed smoothly.

Understanding the Texas 05 164 form is essential for taxpayers seeking an extension for their franchise tax. However, several misconceptions can lead to confusion. Here are seven common misunderstandings about this form:

• Misconception 1: The Texas 05 164 form is only for large businesses.

This form is applicable to all franchise taxpayers, regardless of the size of the business. Even small businesses can utilize this form to request an extension.

• Misconception 2: Filing the Texas 05 164 form guarantees an automatic extension.

While submitting this form does request an extension, it does not guarantee approval. Taxpayers must ensure all information is accurate and complete.

• Misconception 3: You can submit the form anytime before the due date.

The form must be submitted by the original due date of the franchise tax report. Late submissions may not be accepted.

• Misconception 4: An extension means you do not have to pay any taxes until later.

An extension allows more time to file, but it does not extend the time to pay any taxes owed. Payments are still due by the original deadline.

• Misconception 5: You do not need to submit any payment with the extension request.

To avoid penalties, taxpayers must include any required extension payment when submitting the Texas 05 164 form.

• Misconception 6: The form can be filed online.

Currently, the Texas 05 164 form must be mailed in. It is not available for online submission.

• Misconception 7: You do not need to keep a copy of the form.

It is essential to keep a copy of the submitted form for your records. This can be useful for future reference or in case of any disputes.

Filling out the Texas 05-164 form is an essential step for businesses seeking an extension on their franchise tax report. Here are some key takeaways to consider:

• Understand the Purpose: The Texas 05-164 form is specifically designed to request an extension for filing the annual franchise tax report.
• Know the Due Date: Be aware that the due date for submitting the form is typically May 15 of the report year.
• Provide Accurate Information: Ensure that all information, including taxpayer name and address, is accurate to avoid delays.
• Combined Reports: If your business is part of a combined group, you must also submit Form 05-165 alongside the 05-164 form.
• Payment Requirement: If applicable, include the extension payment in dollars and cents to complete your request.
• Electronic Fund Transfer: Taxpayers who paid $10,000 or more in the previous fiscal year are required to make electronic payments.
• Signature Declaration: The form requires a declaration stating that the information provided is true and correct, which must be signed by the taxpayer.
• Mailing Instructions: Send the completed original form to the Texas Comptroller of Public Accounts at the specified address.
• Contact Information: If you have questions, reach out to the Texas Comptroller’s field office or call the provided toll-free number.
• Online Resources: Access additional instructions and forms online to ensure compliance with the latest requirements.

By keeping these takeaways in mind, taxpayers can navigate the process of filing the Texas 05-164 form more effectively.