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Texas Frachise tax reporting problem

I am the manager of NU. LLC which is registered with Texas as LLC. It is a S-Corp and I file 1120-S for Federal Tax return through Turbo tax. I am also trying to file Texas Franchise Tax Return through Turbotax Business.

In Texas Franchise Tax Information Worksheet Part II I find problem in selecting applicable boxes.

The question is : Is this a corporation, LLC, LP or PA? Then it states : "An entity registered with Texas as a LLC fling Form 1065 should answer yes."

As I am not choosing form 1065 (I am filing 1120-S) I am supposed to check the box which states "No-Activates Form 05-167".

Turbotax has no option for this choice.  Even if I check this box Turbotax checks box which states "Yes-Activates Form 05-102 " and completes that form.

I am confused. I will appreciate for help. 

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2 Replies
RobertB4444
Expert Alumni

Texas Frachise tax reporting problem

Both 05-102 and 05-167 are signature forms attesting to the ownership of the organization and it's officers.  You file one or the other.  For an S-Corp 05-102 is indeed the correct form and you are right to fill it out.

 

@NICAAC 

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Texas Frachise tax reporting problem

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