Blank Texas 05 164 PDF Form

What is the Texas 05 164 form?

The Texas 05 164 form is a request for an extension of time to file the annual franchise tax report. This form is specifically used by taxpayers in Texas who need additional time beyond the original due date to submit their franchise tax reports.

Who needs to file the Texas 05 164 form?

What information is required on the Texas 05 164 form?

The form requires several pieces of information, including the taxpayer number, report year, due date, taxpayer name, mailing address, and whether the address has changed. Additionally, if the extension is for a combined report, Form 05-165 must also be submitted.

What is the due date for filing the Texas 05 164 form?

The due date for filing the Texas 05 164 form typically aligns with the due date of the annual franchise tax report. For example, the due date for the 2014 report was May 15, 2014. Taxpayers should check the specific due date for their report year.

What happens if I do not file the Texas 05 164 form?

If a taxpayer does not file the Texas 05 164 form and does not submit their franchise tax report by the original due date, they may incur penalties and interest on the unpaid tax. It is advisable to file for an extension to avoid these consequences.

Is there a fee associated with filing the Texas 05 164 form?

There is no fee specifically for filing the Texas 05 164 form. However, taxpayers may need to make an extension payment, which should be indicated in dollars and cents on the form. Failure to pay the required amount may also result in penalties.

How do I submit the Texas 05 164 form?

The completed Texas 05 164 form should be mailed to the Texas Comptroller of Public Accounts at the designated address: P.O. Box 149348, Austin, TX 78714-9348. It is important to send the original form and ensure it is postmarked by the due date.

Can I request a second extension using the Texas 05 164 form?

Yes, taxpayers can request a second extension using the Texas 05 164 form. However, if the taxpayer is a mandatory Electronic Fund Transfer (EFT) payer, they should not submit an Affiliate List Form 05-165 when requesting the second extension.

Where can I find additional information about the Texas 05 164 form?

Additional information about the Texas 05 164 form and instructions for each report year can be found online at the Texas Comptroller's website. The specific URL is www.window.state.tx.us/taxinfo/taxforms/05-forms.html.

1. Failing to provide the correct taxpayer number. Ensure the number matches the one issued by the Texas Comptroller.

2. Not indicating the report year properly. Double-check that the year you enter aligns with your tax obligations.

3. Forgetting to mark if the address has changed. This can lead to important documents being sent to the wrong location.

4. Neglecting to complete the combined report section if applicable. If your extension is for a combined group, Form 05-165 must also be submitted.

5. Overlooking the extension payment amount. Make sure to enter the payment in dollars and cents accurately.

6. Not providing a contact number. Include an area code and phone number to ensure the Comptroller can reach you if necessary.

7. Failing to sign and date the form. Your declaration of truthfulness is important and must be included.

8. Mailing the form to the wrong address. Always send the original to the Texas Comptroller of Public Accounts at the specified P.O. Box.

The Texas 05-164 form is essential for businesses seeking an extension on their franchise tax filing. However, it often accompanies several other important documents that help streamline the process. Below is a list of related forms and documents that you might encounter when dealing with the Texas franchise tax.

• Form 05-165: This form is required if the extension request pertains to a combined group. It provides details about the affiliates within the group, ensuring that all necessary information is submitted for proper processing.
• Franchise Tax Report: This is the standard report that businesses must file annually to report their revenue and calculate the amount of franchise tax owed. It is typically due on May 15th each year.
• Affidavit of Exempt Organization: Non-profit organizations may need to submit this affidavit to confirm their exempt status from franchise tax. It helps clarify the organization's eligibility for tax exemption.
• Form 05-158: This document is used to request a refund of overpaid franchise taxes. If a business believes it has paid more than necessary, this form initiates the refund process.
• Texas Franchise Tax Information Report: This report provides the Texas Comptroller with information about the business's ownership, structure, and activities, which is crucial for determining tax obligations.
• Electronic Fund Transfer (EFT) Authorization Form: Businesses required to make electronic payments must complete this form to authorize the Texas Comptroller to withdraw funds directly from their bank account for tax payments.

Understanding these forms and their purposes can significantly ease the process of filing for franchise tax extensions and compliance in Texas. Each document plays a vital role in ensuring that businesses meet their tax obligations while taking advantage of available extensions and exemptions.

The Texas 05-164 form, known as the Texas Franchise Tax Extension Request, serves a specific purpose in the realm of tax management for businesses. However, it shares similarities with several other documents that also pertain to tax extensions and filings. Below is a list of ten documents that are akin to the Texas 05-164 form, highlighting their similarities:

• IRS Form 4868: This is the application for an automatic extension of time to file individual income tax returns. Like the 05-164, it allows taxpayers to request additional time to submit their tax documents.
• IRS Form 7004: Used for businesses to request an extension for filing certain business tax returns. Similar to the Texas form, it provides a way for businesses to extend their filing deadlines.
• California Form 3519: This form is for requesting an extension of time to file personal income tax returns in California. It functions similarly by extending the filing deadline for taxpayers.
• New York State Form IT-370: This is an application for an automatic extension of time to file personal income tax returns. Like the Texas 05-164, it grants taxpayers extra time to prepare their returns.
• Florida Form DR-501: This form allows for a request for an extension of time to file property tax returns. Both forms share the function of extending deadlines for tax-related submissions.
• Ohio Form IT 40X: This is used for requesting an extension for individual income tax returns in Ohio. It serves a similar purpose by allowing taxpayers to extend their filing time.
• Virginia Form 760IP: This is an application for an extension of time to file individual income tax returns in Virginia. Like the 05-164, it enables taxpayers to request more time for their submissions.
• Illinois Form IL-505-I: This form is for individuals to request an extension for filing their income tax returns in Illinois. Both forms facilitate the extension of tax filing deadlines.
• Pennsylvania Form REV-276: This is an application for an extension of time to file personal income tax returns in Pennsylvania. Similar to the Texas form, it allows taxpayers to delay their filing.
• Massachusetts Form M-4868: This form is used to request an automatic extension for filing personal income tax returns in Massachusetts. Like the 05-164, it provides a mechanism for extending the filing deadline.

Each of these documents serves a crucial role in the tax filing process, ensuring that taxpayers can manage their obligations without facing undue penalties for late submissions. Understanding these forms can help taxpayers navigate their responsibilities more effectively.

When filling out the Texas 05-164 form, it is essential to follow specific guidelines to ensure accuracy and compliance. Here are five things you should and shouldn't do:

• Do print or type your information clearly to avoid any misunderstandings.
• Do double-check your taxpayer name and identification numbers for accuracy.
• Do ensure you indicate if your address has changed by blackening the appropriate circle.
• Don't forget to submit the form by the due date to avoid penalties.
• Don't submit an Affiliate List Form 05-165 if you are requesting a second extension.

By following these guidelines, you can help ensure that your extension request is processed smoothly. If you have any questions, consider reaching out to the Texas Comptroller's office for assistance.

Understanding the Texas 05-164 form is crucial for those navigating franchise tax requirements. However, several misconceptions can lead to confusion. Here are six common misunderstandings about this form:

• It is only for individuals. Many believe the Texas 05-164 form is exclusively for individual taxpayers. In reality, it applies to various entities, including corporations and limited liability companies.
• Filing the form guarantees an extension. Some think that submitting the 05-164 automatically grants an extension. While it requests an extension, approval is not guaranteed unless all requirements are met.
• You don’t need to pay anything when filing. A common myth is that no payment is necessary with the extension request. However, an extension payment may be required, depending on your tax situation.
• Address changes are optional. Some taxpayers neglect to update their mailing address on the form. It is essential to indicate any address changes, as this ensures you receive important correspondence from the Comptroller's office.
• Submitting the form late is acceptable. Many believe they can file the 05-164 form after the due date without consequences. Late submissions can lead to penalties and interest on unpaid taxes.
• Electronic filing is not necessary. Some taxpayers assume that electronic filing is not mandatory. However, if you paid $10,000 or more in the previous fiscal year, you are required to pay electronically.

Being aware of these misconceptions can help ensure compliance and avoid potential pitfalls when dealing with franchise tax in Texas. Always consult the Texas Comptroller’s office for the most accurate and up-to-date information.

Filling out and using the Texas 05-164 form, which is a request for an extension on the franchise tax, can seem daunting. However, understanding the key points can make the process smoother. Here are some important takeaways:

• Form Purpose: The Texas 05-164 form is specifically designed for taxpayers who need an extension on their franchise tax filing.
• Submission Deadline: The form must be submitted by the due date of the franchise tax report, which is typically May 15 for most taxpayers.
• Combined Reports: If your extension request is for a combined group, you must also complete and submit Form 05-165.
• Address Updates: If your mailing address has changed, be sure to indicate this by blackening the appropriate circle on the form.
• Payment Requirement: An extension payment must be included with your request, so be sure to fill in the amount accurately.
• Electronic Payment: Taxpayers who paid $10,000 or more in the previous fiscal year are required to pay their franchise tax electronically.
• Contact Information: If you have questions, you can reach out to the Texas Comptroller's field office or call their helpline at 1-800-252-1381.
• Mailing Instructions: Send the completed form to the Texas Comptroller of Public Accounts at the specified P.O. Box in Austin, TX.
• Truthful Declaration: You must declare that the information provided is true and correct to the best of your knowledge before submitting the form.

By keeping these points in mind, you can navigate the Texas 05-164 form more effectively, ensuring compliance and reducing potential issues with your franchise tax obligations.