Naveen Mohan from New York Posted August 4, 2015 Report Posted August 4, 2015 I wonder if some body could help me in figuring out Texas No Tax due information report (form 05-163) and Texas E-Z tax (Form 05-169). My client is a Two shareholder Sub chapter S corporation with annual revenue of $973,547 which appears to make them eligible for No Tax due because the threshold for No tax due is Gross Revenue $ 1,080,000. However the program is also opening up Texas E-Z tax (Form 05-169) and it is computing a tax of $ 5,598.00. My question is if my client qualifies for Texas No Tax due information report then why Texas E-Z tax is giving out a tax of $ 5,598.00. does my client owes this money or not,Instructions do not appear to be of much help.thanks for your help.Naveen Mohan Quote
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