I received a Form 05-226 Notice of Intent to Forfeit my right to transact business in Texas, how do I resolve this estimated franchise tax issue to save my company?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

A Form 05-226 notice in Texas often points to a franchise tax compliance issue that can affect a company’s authority to do business, but the exact resolution depends on what the notice says, whether returns were filed, whether the reports were marked estimated, and whether the entity is still active For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.