Texas Comptroller Extends May 15 Texas Franchise Tax Filing Deadline

April 3, 2020 | Insights



By Steve Moore

Franchise Tax Extended Due Date

The Texas Comptroller of Public Accounts is automatically extending the due date for 2020 Texas franchise tax reports to July 15, 2020, to be consistent with the Internal Revenue Service (IRS). The due date extension applies to all franchise taxpayers. The extension is automatic, and franchise taxpayers do not need to file any additional forms.

The Comptroller’s statement provides:

Non-EFT Franchise Taxpayers

Non-electronic funds transfer (non-EFT) franchise taxpayers that cannot file by July 15 may file an extension request on or before July 15 and must pay 90% of the tax due for the current year, or 100% of the tax reported as due for the prior year with the extension request. Non-EFT franchise taxpayers who request an extension have until Jan. 15 to file their report and pay the remainder of the tax due.

If the extension request does not meet the payment requirements when the report is filed, penalty and interest will apply to any part of the 90% of the tax not paid by July 15 and to any part of the 10% of the tax not paid by Jan. 15, 2021.

EFT Franchise Taxpayers

On or before July 15, franchise taxpayers that are mandatory EFT payers may request an extension of time to file to Aug. 15 and must pay 90% of the tax due for the current year or 100% of the tax reported as due for the prior year with the extension request. On or before Aug. 15, EFT franchise taxpayers may request a second extension of time to file their report and must pay the remainder of any tax due with their extension request. The Aug. 15 extension request extends the report due date to Jan 15.

Any payments made after Aug. 15 will be subject to penalty and interest.


Meet Steve

Recognized for his depth of experience in Texas sales tax, franchise tax, and property tax matters, Steven D. Moore is one of the state’s leading attorneys for guidance on the Texas margin tax and Texas sales tax. An effective negotiator, Steve works to reach successful and economically viable resolutions to Texas sales, franchise, property, motor vehicle, and insurance premium tax audits. To this end, he handles administrative hearings before the Texas Comptroller of Public Accounts and works with the Firm’s litigation group to prosecute judicial resolution of Texas tax cases.

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