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Final Reports: An entity that ceases doing business in Texas for any reason (i.e., termination, withdrawal, merger, etc.) is required to file a final franchise tax report and pay any additional tax, if due.
The final franchise tax period will be available on Webfile in one to two days.
Due Date: A final report is due 60 days after the entity ceased doing business in Texas.
Accounting Period
Accounting Year Begin Date: The day after the end date on the previous franchise tax report.
Accounting Year End Date: The date the taxable entity ceased doing business in Texas. For a Texas entity, the end date is the effective date of termination, merger or conversion into a nontaxable entity. For a non-Texas entity, the end date is the date the entity ceased doing business in Texas.
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