To Generate a TX Franchise Return in the Individual Module:
- In Screen 54, State Taxes, select on Texas Franchise Tax from the top left navigation panel. (This will take you to Screen 54.431)
- In the General section enter the following:
- Enter the LLC name (MANDATORY).
- Enter the State taxpayer #.
- Enter the TX Secretary of State #.
- Enter the 6 digit NAICS code.
- Enter the 4 digit SIC code.
- Enter any applicable information on this screen.
- Select Add from the middle left navigation panel to add additional SMLLCs and Repeat Steps 4-9 for each SMLLC.
- Click on Texas Business Activity from the top left navigation panel. (This will take you to Screen 54.432.)
- Select the LLC name from the drop-down menu.
- Select the Business activity from the drop-down menu.
- Select the Business activity name or number from the drop-down menu.
- Click Add from the bottom left navigation panel to add additional SMLLCs.
Viewing the forms :
- Click on the Forms tab.
- Click on TX from the top left navigation panel.If you have multiple SMLLCs:
- Click on the drop-down menu next to the Govt Instructions window.
- Click on your other SMLLCs listed to toggle between their forms.