Whether you owe any tax or not, Senate Bill 1 passed in June during the special legislative session adds a $50 late filing penalty to most tax forms. Some tax forms must be filed even if you don’t owe any tax and those forms must be filed timely or the $50 penalty will apply. From franchise tax to fireworks tax, many reports are affected. See the details (PDF) as published by State Comptroller Susan Combs.
Recent Posts
- Texas State Board of Public Accountancy Approves Fee Increases
- Reversal on oil & gas sales tax ruling
- $1,030,000 is the new franchise tax minimum revenue floor
- Judge Swayed by Public Outcry
- TSCPA member legislator Otto praises Amazon tax deal
- Amazon, State Settle Sales Tax Fight
- Amazon working on Texas sales tax collection deal
- Amazon Agrees To Collect Sales Tax In Nevada
- Coming Court Ruling Could Cost the State Billions
- No sales tax for Amazon in Arizona after all
Recent Comments
- Accendo Allan on Court Ruling Allows Fixes to Franchise Tax Inconsistencies
- AdamC on Court Ruling Allows Fixes to Franchise Tax Inconsistencies
- joe benish cpa on Texas Supreme Court Dismisses Constitutional Challenge to Texas Margin Tax
- Christi Mondrik on Second Margin Tax Lawsuit Filed
- Jan on Second Margin Tax Lawsuit Filed
- Jeff Ketner on Don’t Fix the Margin Tax to Raise More State Revenues
- cpa edison nj on More Chinks in the Armor?
- Patricia Drain on Long Awaited Lawsuit Finally Filed: Is it an income tax?
- Jade Rivette on Attention Texas Franchise Tax Preparers: New Filing Method for 2011
- Karen E Cahill on Attention Texas Franchise Tax Preparers: New Filing Method for 2011
Resources
Photo Albums
« Bastrop County Declared Federal Disaster Area | Main | 2011 Tax Legislation »
October 04, 2011
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451845869e2015435e48abd970c
Listed below are links to weblogs that reference New $50 Late Filing Penalty Applies to Tax Reports:
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Comments