- 1). Calculate your business's total tax due under the Texas margin tax. You can calculate the tax due using the EZ Computation Report available on the Texas Window on State Government website. If the tax due is less than $1,000, your business need only file a No Tax Due Information Report, available on the same website. Alternatively, if the annualized income of your business is less than or equal to $1 million, you may also file the No Tax Due form.
- 2). Complete the EZ Computation Report if your business's annualized revenue is $10 million or less. If you choose to file with an EZ Computation Report rather than the Long Form Report, your profits are only taxed at a rate of 0.575 percent as of 2011. Nevertheless, you cannot use certain tax credits normally available. Complete any necessary supporting documents as set forth on the Window on State Government website.
- 3). Complete the Long Form Report if your business's annualized income is more than $10 million or you would rather use tax credits available to your business. The Long Form Report margin tax rate is 1 percent as of 2011. Complete any necessary supporting documents as set forth on the Window on State Government website.
- 4). File your margin tax forms electronically or via mail with the Texas comptroller. Pay any margin tax due via the Window on State Government website. Mail forms and payments to Comptroller of Public Accounts, P.O. Box 149348, Austin, TX 78714-9348.
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