How to Eliminate Late Penalties for Sales Tax and Franchise Tax Filings in the State of Texas

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  • Опубликовано: 21 окт 2024
  • Do you owe the Texas Comptroller money because you did not file your franchise tax or your sales tax forms on time? In this video I show you how your company can apply for your late fees to be waived.
    To follow along download the form by clicking here
    comptroller.te...
    If you need help with your business, business tax, or personal tax please call or email us:
    469-278-6239
    ashanti@profit-mode.com
    Check out our blog website here
    www.profit-mode.com

Комментарии • 45

  • @WhyNotYou..
    @WhyNotYou.. Год назад +3

    I needed this video sooo bad😂🤦🏾‍♀️ I was in over my head when I started my business and I’m now in serious debt. I’m working to get out of the hole asap. Had a visit from a Texas comptroller representative. No one was at my business location at the time so they left notice but it was a reality check. These people want their money 😂.

    • @profitmodebizandtax
      @profitmodebizandtax  Год назад +1

      Oh no. I am so sorry. If you need a consultation please email
      Ashanti@profit-mode.com

  • @lizethhernandez8178
    @lizethhernandez8178 2 года назад +2

    Thank you so much!! You have no idea how helpful this video has been!

  • @butterupsoapsnbarz6844
    @butterupsoapsnbarz6844 3 года назад +1

    Omg I got a bill for over 8,000 i had no idea on what to do thank you so much

  • @ShaeFaith_
    @ShaeFaith_ 3 года назад +1

    Thank you ! Came in the mail I had no clue 👍🏾👍🏾

  • @michelelara5982
    @michelelara5982 Год назад

    also, you must pay all fees upfront for the comptroller to even consider waiving the late fees.

  • @sohailkhan-yj5ee
    @sohailkhan-yj5ee Год назад

    I just submitted form and get this response
    Thank you for emailing the office of the Texas Comptroller of Public Accounts requesting a waiver of penalties for late payments and/or reports. Requests are worked on a first in first out basis. Due to high inventory, it may take 6 to 8 weeks for you to receive a response.
    What should i do now ? I have need to pay without payment?

  • @Leslie-zn9ly
    @Leslie-zn9ly Месяц назад

    What’s a good ex of reason

  • @jaymolero
    @jaymolero Год назад

    Thanks! this is so helpful

  • @ammarX09
    @ammarX09 9 месяцев назад

    Immensely helpful. Thanks

  • @Broonic-y9c
    @Broonic-y9c 5 месяцев назад

    Is this work for amazon texas llc late franchise tax

  • @WhyNotYou..
    @WhyNotYou.. Год назад +1

    How do we know how often we should be filing?

  • @tanveee3335
    @tanveee3335 Год назад +1

    great job madam

  • @MaileyMcAslan
    @MaileyMcAslan 9 месяцев назад

    HOW do you know if you’re supposed to report monthly, quarterly or yearly??? I can’t find the answer ANYWHERE and they’re saying my new deadline is two days away and it’s Friday and they didn’t get back with me. 😑

    • @profitmodebizandtax
      @profitmodebizandtax  9 месяцев назад +1

      When it comes to when you should pay it is contingent upon the schedule that they give you. You can call the Comptroller give them your company’s credentials and ask them the pay schedule.

    • @MaileyMcAslan
      @MaileyMcAslan 9 месяцев назад

      @@profitmodebizandtax thanks

  • @muhammadzahidmuhammadzahid4101

    Amazing Video

  • @RecycleBoss
    @RecycleBoss Год назад +1

    Thank u

  • @wpprohelper9796
    @wpprohelper9796 Год назад

    Thank you so much for this video... I have now submitted the waiver request but received an email from them to pay all the tax and interest due in order for the penalty waiver to be reviewed.
    My question is should I pay the penalty of $104 for 2 months? My tax return is zero because it's the new LLC.

    • @profitmodebizandtax
      @profitmodebizandtax  Год назад +1

      You can email me at ashanti@profit-mode.com for a personalized consultation

    • @sohailkhan-yj5ee
      @sohailkhan-yj5ee Год назад +1

      I have also received this what did you done with that after getting this email?

    • @wpprohelper9796
      @wpprohelper9796 Год назад +1

      @@sohailkhan-yj5ee no need to pay. Just wait for their decision after you sent the waiver request. Or maybe you can email to comptroller to confirm. But if this is for the first time, it will be waived

    • @sohailkhan-yj5ee
      @sohailkhan-yj5ee Год назад +1

      @@wpprohelper9796thank you very much 😌🥰 yup this is first time and i got email that you will get response within 7 weeks due to too much waiver request.

    • @Aqibkhan-ns3gy
      @Aqibkhan-ns3gy Год назад +1

      ​@@sohailkhan-yj5ee plz give me contact no I also face this problem.

  • @AbdurRehman_1
    @AbdurRehman_1 9 месяцев назад

    How can we remove penalty on sales tax in Florida?

    • @profitmodebizandtax
      @profitmodebizandtax  9 месяцев назад

      Hi! On this channel we focus on Texas sales tax only.

    • @AbdurRehman_1
      @AbdurRehman_1 9 месяцев назад

      @@profitmodebizandtax Can u help me with that or guide me
      Im having difficulty with finding the right way

  • @Broonic-y9c
    @Broonic-y9c 5 месяцев назад

    Thank you so much your this video very helpful. I have sanded email now waiting for response. Did you know how much time i will get response.

  • @alvincabamungan5013
    @alvincabamungan5013 3 года назад

    Do I still submit the Franchise Fee Tax Form if I'm submitting a Late Penalty Waiver?

    • @profitmodebizandtax
      @profitmodebizandtax  3 года назад +1

      Hi Alvin! Thanks for the reply! Send the wavier first then see what the reply is!
      Thank you!!

    • @Leslie-zn9ly
      @Leslie-zn9ly Месяц назад +1

      Yes always file even if your mo.s late. Filing a report & waiver are 2 separate situations

    • @profitmodebizandtax
      @profitmodebizandtax  Месяц назад

      Absolutely! Sending both is the best practice!!

  • @papacool6020
    @papacool6020 3 года назад

    How do I get in contact with you?

  • @iandfacademy7922
    @iandfacademy7922 Год назад +1

    Tried to email you but it shows wrong address.

    • @profitmodebizandtax
      @profitmodebizandtax  Год назад +1

      Having some issues with the website. You can email me at Cherrelletitus1@gmail.com

    • @profitmodebizandtax
      @profitmodebizandtax  Год назад

      I am back up and running :
      ashanti@profit-mode.com