The extended Texas Franchise Tax Report due date for mandatory EFT payors is different from that of other franchise taxpayers.

30 Mar The extended Texas Franchise Tax Report due date for mandatory EFT payors is different from that of other franchise taxpayers.

An EFT payor may extend the filing date from May 15, 2015 to August 15, 2015 by making a timely extension payment electronically. Mandatory EFT payors must remit at least 90% of the tax that will be due with the report or 100% of the tax reported as due on the prior franchise tax report with the extension request on May 15, 2015. An EFT payor may request a second extension to November 17, 2015 to file the Texas Franchise Tax Report by electronically paying the balance of the amount of tax due that will be reported as due by August 15, 2015. A mandatory EFT payor may file a paper Extension Request on August 15, 2015 if it has paid all of the tax due with its first extension.