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This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1120 Corporation
  • State: Texas
  • Subject: Print requirements

Form 05-167 print requirements

To calculate and print Form 05-167 Tax Ownership Information Report:
  1. Clear all severe diagnostics.
  2. In Organizer, select
    State Franchise Tax
    , then
    Texas Franchise
    .
  3. Select
    General Information
    , then the
    General Information
     tab.
  4. Select
    No
    for
    Corporation, LLC, professional association, Limited Partnership or Financial Institution
    .
  5. Enter dates for both the
    Accounting year begin date
     and
    Accounting year end
    .
  6. Go to the
    General Information
     section.
  7. Clear the option
    This entity does not have NEXUS in Texas
    .
  8. In Organizer, select
    States
    , then
    Common State
    .
  9. Select
    General Information
    , then
    Basic Return Information
    .
  10. Select the
    Return Information
     tab.
  11. For Texas Franchise, clear the
    Final Return
     option.
If the form doesn’t print, check if it's suppressed:
  1. In
    Organizer
    , select
    States
    , then
    Common State
    .
  2. Select
    Print options
     then
    Print Suppression
     and make sure the
    State Forms
     column is clear for
    Texas
    .
  3. In
    Organizer
    , select
    State Franchise Tax
     then
    Texas Franchise
    .
  4. Select
    Return Options
    , then go to the
    Print Suppression
     section and clear the
    Form 05-167
     checkbox.

Manual entry

You can manually enter information for the Owner Information Report (05-167) within a single or top consolidation return. You can manually enter forms for disregarded entities in a top consolidation return.
  1. Go to
    Organizer
    State Franchise Tax
    Texas Franchise
    .
  2. Open
    Information Report Manual Entry
    . This folder contains screens for manually entering information for the form and displays only within single and top consolidation returns.
  3. Enter information for the form. A version of the report will print and e-file with that information, taking the place of an automatically generated report.
  4. Go to the
    Return Options
     screen and use the new print suppression options to pick which version of the report will print and e-file.
  5. Go to
    Tax Forms
     to view the new folder added for the 05-167, which display the manually entered information.

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