sewcpa
Level 5

The Final TX Franchise Tax report allows you to get a "certificate of good standing" which is sent to Secretary of State with paperwork and $40.      Sec of State must finish closing the company BEFORE Dec 31st or else you have to start over by doing another Franchise Tax for the new year and another Final Franchise tax again and send everything again to Sec of State

I usually do the regular Franchise Tax report thru ProSeries and then do the Final report directly on State Comptroller website in time to complete the process. 

Since we are now in January you will need to do the 2022 regular report (using 2021 revenue) and the Final (using 2022 revenue-to-date)