Overview. 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.
Why am I paying excise tax?
Many excise taxes go into trust funds for projects related to the taxed product or service, such as highway and airport improvements. Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form 720.
Who is subject to excise tax in Tennessee?
All persons, except those with nonprofit status or otherwise exempt, are subject to a 6.5% corporate excise tax on the net earnings from business conducted in Tennessee for the fiscal year.
Who must file FAE 174?
Any financial institution that receives dividends, directly or indirectly, from one or more captive REITs must complete this form. The Captive REIT Disclosure Form must be filed with the Franchise and Excise Financial Institution Tax Return (Form FAE 174).
What is Tennessee FAE170?
Form FAE 170 is created for small business owners to report franchise and excise tax and income to the Department of Revenue. This form in particular is designed for entrepreneurs in the State of Tennessee.
State Taxes for LLCs There are two main types of tax youll pay to the Tennessee Department of Revenue: sales, and franchise and excise tax. Tennessee doesnt collect income tax on earnings. Youll only pay state income tax on stock dividends and interest received from bonds and notes.
What is Tennessee form FAE 172?
Form FAE 172 is used for filing a claim for refund or credit of federal excise tax.
fae172 tax
SIP-T2/T3/T4/T5 /CP920 IP Phones Administrator Guide
172. Touch Tone Configuration. 172. Ring Tones. 172. Custom Ringtone Limit. 172 FAE for template files. You can also obtain the template files online
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