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Texas Franchise Tax


barosser

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Anyone else having problems with the NEW TX francise tax going from a Sch C to the 05-158 form. It keeps giving me a discount on line 33 and there should not be one. I have not updated in a day or two will try that, have called tech support after looking for the reason for the disount for several hours and they will hopefully get back with me.

thanks to all

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Anyone else having problems with the NEW TX francise tax going from a Sch C to the 05-158 form. It keeps giving me a discount on line 33 and there should not be one. I have not updated in a day or two will try that, have called tech support after looking for the reason for the disount for several hours and they will hopefully get back with me.

thanks to all

There ARE discounts if gross income is less than a threshhold. The discount phases out in increments. If you are getting a discount and the gross revenue is over $1 million, then there is an error in the software.

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