Franchise Tax in Texas is Complex And You May Be Paying Too Much #FranchiseTax #TexasTaxes #Tax

Franchise Tax calculations has to be the most complicated tax to compute that I've ever seen here's the big problem we've got this number of the no tax due threshold and that's 2.47 million but it's not just as easy as looking at your federal tax return saying what's my Topline Revenue number you actually have to go to the tax code and figure out what the exclusion are here's just a random list for the exclusions for Revenue out there cooperating broker fees your sales commissions if you include them in Revenue those are excluded and then if you're a plff attorney and you get a referral and you're going to fee split between other lawyers those are also excluded and then it gets even more obscure from there like subcontractor payments Pharmacy Cooperative certain payments related to landmen services so the list goes on my advice is go hire an attorney or a good CPA that does know something about franchise tax