02/11/2026
People who own companies organized as corporate or partnership registered in Texas pay attention;
Each year you need file 2 tax returns (Company tax return and individual tax return) for federal and State tax Return (Franchise Tax) and don’t file your personal tax return unless your company tax return is already filed. If you file your personal tax return first you are making errors and you will need to make correction and once you file your company tax return. You may ask what if you don’t file company tax return, the answer is you are incurring penalties of not filing and theses fees will keep growing until you file these returns. If you don’t how to do it the best action is to contact us and we will be able to help you file theses return and close the company if you no longer need it. The worst mistake is to do nothing.
If you own a company registered in Texas (Corporation or Partnership), you are required to file:
• Federal Business Tax Return
• Texas Franchise Tax Report
• Your Personal Tax Return
⚠️ Important:
Do NOT file your personal tax return before your business tax return is completed.
Filing in the wrong order can cause errors and may require amendments later.
What happens if you don’t file your business return?
Penalties and fees will continue to grow until the returns are filed even if the business is no longer active.
The worst mistake is doing nothing.
If you’re unsure what to file or how to close your company properly, contact us today. We’ll help you file correctly, avoid penalties, and close the business if needed.
📲 Don’t wait — protect your business and your finances.
P&B Tax Services LLC
Hodari J. Muvunyi, EA
📧 [email protected]
📱 Text 682-309-0417
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Reliable Tax & Bookkeeping for Small Biz
