DALLAS, Nov. 29, 2016 /PRNewswire/ -- Texas franchise tax is due on May 15. A taxpayer required to pay franchise tax electronically ("EFT taxpayer") may extend the due date to August 15 by filing an extension request by May 15 and paying the appropriate amount of tax. The August 15 due date can be extended to November 15 by filing a second extension request by August 15 and paying any additional tax due. In May 2009, an EFT taxpayer filed an extension and paid the appropriate amount of tax. The taxpayer did not remit the additional tax due by August 15. Instead, the taxpayer reported and paid the additional tax due in November. On May 23, 2013, the taxpayer requested a refund of franchise tax paid in 2009. Comptroller staff denied the refund claiming that the first extension was not valid because the taxpayer failed to pay the balance of its 2009 franchise tax with its second extension request. The taxpayer requested an administrative hearing. In finding for the taxpayer, the administrative law judge, in Comptroller Hearing Number 111,470, explained that filing a second request to extend the due date to November 15 is not a prerequisite to the first due-date extension. Because the taxpayer met the prerequisites to secure the first extension, the 2009 due date was August 17, 2009 ( August 15 was a Saturday), and the taxpayer's May 23, 2013 refund claim was timely. About RyanRyan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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