State and Multi-State Income Taxes

HOU.TAX can help you file your state (or multi-state) income tax returns as well as Texas Franchise Tax returns.

If you’re new to Texas, good news! There are no individual tax filing requirements here.

Texas proudly stands as one of the nine states in the United States that does not levy an income tax on its residents, thereby ensuring that your individual earnings remain untouched by income tax. The other states include; Alaska, Florida, Nevada, South Dakota, Tennessee, Washington, Wyoming, and New Hampshire (New Hampshire imposes a tax on investment earnings).

Contrasting Taxation Policies: On the other side of the spectrum are the other forty-one states and the District of Columbia, where income tax is applied to individual earnings. The rules and regulations surrounding income tax vary widely from one state to another, and residency for tax purposes is not merely determined by one's living situation. There are various factors that come into play including tax on in-state sourced income by out-of-state residents.

Texas Franchise Tax Filing Requirements: It is also crucial for businesses and corporations to be aware of the Franchise Tax filing requirement in Texas. Texas-registered legal entities, such as corporations, LLCs, partnerships, and LLPs, are subject to the annual filing of a Texas Franchise Tax return.

Seeking Assistance for Tax Filings Beyond Texas?

Navigating the complexities of out-of-state income taxes can be daunting. Fortunately, HOU.TAX is here to assist. We are not only experts in Texas tax law but also proficient in handling tax matters across state lines. Whether you have just relocated to Texas from another state or have sourced income in multiple states that require filing of state income tax returns, Mark and Trey can get you filed.