how to fill out a franchise tax form in texas?

Answer 1

Franchise Tax in Texas is VERY Complex (at least until 2008 when the rules are COMPLETELY, 100% changed!)

See a TAX PRO. As a tax pro in Texas, I will rate how I think Franchise Tax is to understand:
1040-EZ = 0.2
1040 Long Form = 3.0
1120 Corporate Return = 7.2
Texas Franchise Tax = 10.0

Just figuring out which PERIOD to be taxed on is confusing. There is NO WAY to give you broad answers to TX FT in this forum!

WealthBuilder
Enrolled Agent
(in TX)