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How to prepare TX 5506-NAR 2024 Form

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About TX 5506-NAR 2024 Form

The TX 5506-NAR 2024 form refers to the Texas Franchise Tax No Tax Due Information Report - No Affiliated Report. This form is required to be filed by certain businesses to report that they have no franchise tax liability for the specified tax period. Businesses in Texas that meet the following criteria are eligible to file the TX 5506-NAR 2024 form: 1. The business must be subject to the Texas franchise tax. 2. The business must not have any affiliated entities. 3. The business must have zero tax liability for the respective tax period. The purpose of this form is to inform the Texas Comptroller's office that the business does not have any franchise tax due for that specific year. The purpose is also to ensure compliance with state tax regulations.

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Video instructions and help with filling out and completing TX 5506-NAR 2024 Form

Instructions and Help about TX 5506-NAR 2024 Form

So the new 941 for second quarter has been released and there are a lot of questions, so today we're going to cover some of those top ask questions about the new 941 number one what's different on the form 941 that you're going to have to start using in second quarter it went from two pages to three pages it has 18 new lines, and it has become whole new worksheet also that you may have to use yeah and Email I think sometimes a picture's worth a thousand words and actually in a couple of other videos we've done, and I'm just going to lay these out here to answer that question real quick is the fact that in one of the presentations we did it the 941 if you're getting one of the credits as a result of the COE in nineteen then the other presentation that was in red then we did a presentation on the 941 when you got the PPP and so as you can see here the red dots were changes to the 941 if you got a credit the blue dots means that you don't put anything on those and notice this worksheet there's a blue dot right here you don't even fill this out for the PPP, so it's not just how do I fill out the quarterly report, but it's a cordon did I get credit so or am I qualified for credits or did I do to PPP or the EID L, so I think if you look below you'll see the related videos that will explain this color system to help you walk through of what are the changes great question, but it's a whole mouthful to answer so what part of the stimulus packages are we going...