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Commonly Asked Questions about Tennessee department of revenue tax Business Forms

Tennessee does not tax individuals earned income, so you are not required to file a Tennessee tax return since the Hall Tax in Tennessee has ended.
Certain entities under specific circumstances are exempt from paying the business tax. These may include, but are not limited to, people acting as employees, manufacturers, religious and charitable entities selling donated items, direct-to-home satellite providers, and movie theaters.
With a few exceptions, all businesses that sell goods or services must pay the state business tax. This includes businesses with a physical location in the state as well as out-of-state businesses performing certain activities in the state.
Tennessee residents do not need to file a state income tax return because there is no personal income tax. The deadline for filing federal income tax returns is April 15, 2024. For help estimating your annual income taxes, use AARPs Tax Calculator.
If you are a corporation, limited partnership, limited liability company, or business trust chartered, qualified, or registered in Tennessee or doing business in this state, then you must register for and pay franchise and excise taxes.
Unlike sales tax, which principally applies to retail sales of tangible and personal property and certain listed services, the business tax applies to all taxable, non-exempt sales of services and sales of tangible personal property, which includes both retail and wholesale sales.
Tennessee requires LLCs to file an annual report and pay a franchise tax. The annual report is due on or before the first day of the fourth month following the close of the LLCs fiscal year. The filing fee is $50 per member, with a minimum fee of $300 and a maximum fee of $3000.
The Tennessee Works Tax Act eliminated the annual business tax filing obligation for businesses with annual gross sales under $100,000 within a county and/or city. This change applies to tax periods ending on or after December 31, 2023.