When Austin Filings Get Missed
A start-up that assumed no revenue meant no return, a musician who did not set aside estimated tax, a software company that did not know its service was taxable or a host who thought the booking platform handled everything can each build a large tax problem before a notice arrives. BOMCAS helps Austin businesses and households find the gaps, rebuild records, file and arrange payment, working remotely.
Penalties and voluntary disclosure are covered in Texas back taxes and late filing. Below are Austin's common gaps.
Start-Ups in Loss Years
A corporation files a federal return even in a year with no revenue, and a Texas entity files its franchise tax and information reports even when it owes no tax. Missing years can mean forfeiture in Texas, losses and credits not properly recorded and problems in due diligence for the next funding round. We reconstruct the early years from bank and cap table records, file the returns and preserve the loss schedules.
SaaS That Was Never Taxed
Many Austin founders discover late that Texas treats their subscription service as taxable data processing. They may owe tax for years of Texas sales, plus penalties and interest. The Comptroller's voluntary disclosure programme can waive penalties and limit the look-back for tax not collected if the business comes forward before being contacted. We review the service, estimate the liability and decide on a disclosure before registering.
Freelancer Balances
Musicians, consultants, designers and gig workers often earn enough to owe federal income and self-employment tax but make no estimated payments. The IRS may issue a notice after matching 1099 forms, or prepare a substitute return without expenses. We rebuild the business expenses, file accurate returns and request penalty relief or an instalment agreement.
Hotel Tax for Hosts
A rental platform may collect state hotel tax but not all city tax, and it does not replace the city's licensing and reporting duties. Hosts who have not filed Austin hotel tax returns need to reconcile bookings, platform statements and tax collected. We prepare the missing returns and work out a payment plan.
Forfeited LLCs
A side project LLC stays on the state's register until it is terminated, and missed franchise tax reports lead to forfeiture. That can block state vendor payments, a financing or a sale. We file the missing reports, request reinstatement if the business is continuing or obtain clearance to close it.
Research Deductions and Corrections
Start-ups with returns from 2022 through 2024 may be able to amend them under the 2025 law restoring deductions for domestic research, or accelerate remaining amortisation. Those elections have deadlines and should be reviewed before amending for other reasons.
Payroll Deposits in a Cash Crunch
A company waiting for its next round sometimes pays staff but not the payroll taxes withheld from them. Those amounts are trust fund taxes, and the IRS can hold founders and officers personally responsible. Catching up quickly, filing every Form 941 and making a payment plan limits the damage. We reconstruct deposits and filings from payroll reports and bank statements.
Our Order
- Obtain IRS transcripts and Texas account records.
- Rebuild books from bank, billing and platform records.
- Review voluntary disclosure before contact.
- File and request penalty relief or reinstatement.
- Set up payment and a filing calendar.
Austin Back Taxes and Late Filing Questions
Does a start-up with no revenue file a return?
A corporation does, and a Texas entity still files its franchise tax and information reports even with no tax due.
We never collected tax on SaaS. What now?
Review whether the service is taxable, then consider voluntary disclosure before the Comptroller contacts you.
Does a booking platform handle all my Austin hotel tax?
Not necessarily. City reporting and licensing duties remain, and platform collection varies.
Can freelancers pay the IRS over time?
Yes. An instalment agreement is available for many balances once all returns are filed.
Talk to BOMCAS About Back Taxes and Late Filing in Austin
A monthly routine in bookkeeping, payroll and sales tax prevents the same gaps, and annual company and personal returns then run to schedule. Planning reserves cash for tax, and missed foreign reporting belongs under cross-border tax. The rest of our statewide coverage runs through business filings, personal filings, sales tax, bookkeeping, payroll services, planning ahead and Canada–U.S. matters, with the Texas overview as a starting point.
Tell us what you are working on in Austin and BOMCAS will reply with the next steps and the records needed for a quote. Send a note from the contact page or the form below, call 780-667-5250 or write to info@bomcas.ca. The Austin overview covers every Austin service. This is general information, not advice for a particular taxpayer.