What accounting period ending date is used for filing the initial franchise tax report?
The taxpayer must use the last accounting period end date for federal purposes that is at least 60 days before the original due date of the initial report. An initial report is due one year and 89 days after the entity is organized in Texas or the date a non-Texas entity begins doing business in Texas.
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- What accounting period ending date is used for filing the initial franchise tax report?
