Tennessee Application for Extension of Time to File

Application for Extension of Time to File
FAE173 - Application for Extension of Time to File
TENNESSEE DEPARTMENT OF REVENUE

RV-R0011401 (12/23)

Application for Extension of Time to File
2023 Franchise and Excise Tax Return

FAE
173

Account Number

Tax Year Beginning

Tax Year Ending

A seven- month extension will be granted,
provided you meet the requirements outlined in
the instructions.

FEIN

You may make your payment through
TNTAP at tntap.tn.gov/eservices or mail your
payment along with this form to:

Legal Name

Mailing Address

Tennessee Department of Revenue
Andrew Jackson State Office Building
500 Deaderick Street, Nashville, TN 37242

City

State

ZIP Code

Computation of Extension Payment

Round to the nearest dollar

1. Estimated franchise tax current year ......................................................................................... (1)
2. Estimated excise tax current year .............................................................................................. (2)
3. Deduct prior year's overpayments and current year's estimated payments and
tax credits .................................................................................................................................... (3)
4. Amount due with extension request (Lines 1 and 2, subtract Line 3 see instructions)......... (4)

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
Tax Preparer's Signature
Preparer's Address

Preparer's PTIN
City

Date

Title

Date

Telephone
State

Preparer's Email Address

FOR OFFICE USE ONLY

ZIP Code

Instructions: Application for Extension of Time to File Franchise and Excise Tax Return
Purpose of form:
• The paper form FAE173 is for taxpayers that meet an exception for filing electronically to
remit a payment in person or through a mail service to meet the payment requirements
to obtain a seven-month extension for filing form FAE170 or FAE174.
• This form is not required to be filed if the taxpayer has already made the required
payment to receive an extension (see payment requirements below); in this case, the
extension is automatic.
• There is not an electronic version of this form in TNTAP; however, there is a drop-down
box in TNTAP to indicate that a payment is for an extension. You may make your
extension payment electronically at: tntap.tn.gov/eservices.
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 of the return.
• Note: although the 90% current year payment requirement may be computed from
estimated tax numbers, the Department will apply actual current year tax numbers
upon the filing of the tax return to determine if this requirement is met.
• If the prior tax year covered less than 12 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, current year tax credits, and
any other tax prepayments should be deducted on Line 3 of the application.
Extension requests should be made as follows:
• If you are not required to make a payment, because you have already made sufficient
payments on or before the original return due date, you do not need to file this form.
• If a payment is required and you meet an exception for filing electronically and you
do not file your federal return as part of a consolidated group, you can submit either
this form or a copy of your federal extension request along with your payment on or
before the original due date of the return.
• If a payment is required and you meet an exception for filing electronically and you
file your federal return as part of a consolidated group, you must use this form to
request an extension. Payment must be made on or before the original due date of
the return.
Other important information:
• Penalty will be computed as though no extension has been granted if: (1) the amount
paid on or before the original due date does not satisfy the payment requirements
indicated above, or (2) the franchise and excise tax 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.