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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.
Who needs to file a TN business tax return?
Overview. Generally, if you conduct business within any county and/or incorporated municipality in Tennessee, and your business grosses $100,000 or more, then you should register for and remit business tax. Business tax consists of two separate taxes: the state business tax and the city business tax.
Does Tennessee require an inheritance tax waiver form?
In Tennessee, there is no state-level inheritance tax, but there are federal estate taxes that may apply depending on the value of the estate. The waiver is typically required to be filed with the appropriate authorities when settling an estate and distributing assets to the beneficiaries.
Who has to file franchise and excise tax in Tennessee?
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.
How to pay TN FAE 170?
The State of Tennessee has an e-file mandate for TN forms FAE170, FAE 174, FAE 172, FAE 173, FAE 183, INC 250, and INC 251. Payments must be made electronically by Direct Debit (EFW) or EFT. Electronic funds withdrawal (EFW) payment information should be included with the electronic file.
Submit the FAE170 form electronically via the Tennessee Taxpayer Access Point (TNTAP). For hard copy submissions, fax your completed form to the Department of Revenue at (615) 253-0981 or mail it to P.O. Box 190645, Nashville, TN 37219-0645.
What is Tennessee form FAE 172?
Form FAE 172 is used for filing a claim for refund or credit of federal excise tax.
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