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10245: TX - Form 05-163 "No Tax Due Report"


Texas

Why am I receiving a Form 05-163 “No Tax Due Report?”

Form 05-163 “No Tax Due Report” generates automatically if the following occurs:

  1. Taxpayer is a passive entity
  2. Taxpayer is a Real Estate Investment Trust that meets the qualifications
  3. The entity has zero Texas Gross receipts
  4. The annualized total revenue is below the no tax due threshold. That threshold for report years
    1. 2016 and 2017 is $1,110,000
    2. 2014 and 2015 is $1,080,000
    3. 2012 and 2013 is $1,030,000
    4. 2010 and 2011 is $1,000,000
    5. 2008 and 2009 is $300,000 ($434,782, if not a 12 month return)

For more information about the 05-163 report, see the Texas Franchise Tax Report Information and Instructions.


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