The Tennessee FAE 173 form is an application for an extension of time to file your Franchise and Excise Tax return. This form allows taxpayers to request an additional six months to submit their tax returns, provided they meet specific requirements. If you need to fill out this form, click the button below to get started.
The Tennessee FAE 173 form is a crucial document for businesses seeking an extension of time to file their Franchise and Excise Tax returns. This application allows taxpayers to request an additional six months to file their returns, provided they meet specific requirements. To begin the process, businesses must enter their account number or federal identification number (FEIN) on the form. The amount due is calculated based on the estimated Franchise and Excise taxes for the current year, minus any prior year overpayments and available tax credits. It's essential to make the required payment by the original due date, which is either 100% of the prior year's tax liability or 90% of the current year's liability, depending on which is lesser. The form also includes a worksheet to help taxpayers compute the extension payment accurately. Additionally, businesses should be aware that penalties may apply if the payment requirements are not met or if the return is not filed by the extended due date. The form can be submitted electronically, making it easier for taxpayers to manage their filing obligations. Understanding these key aspects of the FAE 173 form can help ensure compliance and avoid unnecessary penalties.
TENNESSEE DEPARTMENT OF REVENUE
APPLICATION FOR EXTENSION OF TIME TO FILE
FRANCHISE, EXCISE TAX RETURN
FAE
Taxable Year
Account No.
FEINorSSN
Beginning:
173
Ending:
Due Date
Make your check payable to the Tennessee
Department of Revenue for the amount shown on
TAXPAYER NAME AND MAILING ADDRESS
Line 4 of the worksheet and mail to:
NAME ___________________________________________________________________
Tennessee Department of Revenue
BOX(STREET) ____________________________________________________________
Andrew Jackson State Office Bldg.
500 Deaderick Street
CITY ____________________________________________________________________
Nashville, TN 37242
STATE ________________ ZIP __________________________
An extension of time of six (6) months will be granted, provided you meet the requirements outlined on the reverse side of the form.
REMINDERS
1)Enter account number or FEIN in the spaces provided.
2)Quarterly estimated tax payments made for the year, available tax credits, and overpayments from prior years should be deducted when computing the payment due.
3)If previous year's credit(s) and current year's estimated tax payment exceed estimated liability, enter 0 on Line 4.
4)Sign and date your return in the signature box below.
5)See reverse side for additional procedures for obtaining an extension of time.
WORKSHEETFORCOMPUTATIONOFEXTENSIONPAYMENT
1.EstimatedFranchiseTaxcurrentyear .....................................................................................................................
2.EstimatedExciseTaxcurrentyear ............................................................................................................................
3.Deduct: Prior year's overpayment, estimated payments and tax credits for current year ..........................................
4.Amount due with extension request (Lines 1 and 2 less Line 3; if Line 3 is greater than total
of Lines 1 and 2, enter 0 and return form without payment) ......................................................................................
Keep Upper Portion For Your Records
Return Copy Below - Detach Here
ROUND TO NEAREST DOLLAR
00
___________________________00
WRITENUMBERSLIKETHIS
Application for Extension of Time to File Franchise, Excise Tax
Filing
Extended
Period
DueDate
ACCOUNT
FOROFFICEUSEONLY
If your account number is not preprinted or unknown, enter federal identification number/social security number.
(FEIN/
SSN)
AMOUNT DUE
(Line 4 of 00 worksheet)
Under penalties of perjury, I declare that I have examined this report, and to the best of my knowledge and belief, it is true, correct, and complete.
________________________________________
_________
______________
Taxpayer's Signature
Date
Title
Tax Preparer's Signature
Telephone
________________________________
____________
_______
Preparer's Address
City
State
ZIP
RV-R0011401
INTERNET (5-12)
PROCEDURES FOR OBTAINING AN EXTENSION OF TIME
NOTE: This form can be filed electronically free of charge at apps.tn.gov/fnetax
1.Required Payment:
•Payments equal to the lesser of 100% of the prior year tax liability or 90% of the current year tax liability must be made by the original due date.
•If the prior tax year covered less than twelve months, the prior period tax must be annualized when calculating the required payment.
•If there was no liability for the prior year, the required payment is $100.
•Quarterly estimated payments, prior year overpayments and any other pre-payments should be deducted on Line 3 of the worksheet.
2.Extension requests should be made as follows:
•If you are not required to make a payment because you have already made sufficient payments, either the state form or a copy of your federal extension request can be submitted. The form or copy of the federal extension need not be filed on the original due date of the return. Instead, it should be attached to the return itself, which is to be filed on or before the extended due date.
•If a payment is needed to meet the payment requirement and you do not file your federal return as part of a consolidated group, either the state form or a copy of your federal extension request can be submitted. In this case, the form or copy of your federal extension must be filed with the extension payment on or before the original due date of the return.
•If a payment is required and you file your federal return as part of a consolidated group, you must use this form or file an extension request electronically. This form or the electronic version of this form must be filed with the extension payment on or before the original due date of the return.
3.Other important information:
•Penalty will be computed as though no extension had been granted if, (1) the amount paid on or before the original due date does not satisfy the payment requirement indicated above, or (2) the return is not filed by the extended due date.
•An approved extension does not affect interest. Interest will be computed on any unpaid tax from the original due date of the return until the date the tax is paid.
INTERNET(5-12)
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