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Form 1120 Online College Station Texas: What You Should Know
Texas franchise tax returns must be filed by the owner and the corporate name of the business. If the business closes after the first year, it must be reinstated. If the business does not close by the end of the second calendar year following its initial registration or on the termination date specified on its initial application, it must be reinstated within 60 days of closing. Taxpayers who open business for the first time in Texas after January 1, 2008, but who are not doing business as a corporation, the name of which was changed from the same as of January 1, 2008, but have no more than two years operation in Texas, should file a Form 5500-1, Sales and Use Tax Payment Return to be used for the tax withholding and remittance required from Texas taxpayers.
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