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Tennessee Quarterly Franchise, Excise Tax Declaration
Extracted from PDF file 2023-tennessee-form-fae-qtax.pdf, last modified October 2016Quarterly Franchise, Excise Tax Declaration
TENNESSEE DEPARTMENT OF REVENUE R0011301 FAE 172 QUARTERLY FRANCHISE, EXCISE TAX DECLARATION Account No. Taxable Year Beginning Ending TAXPAYER NAME AND MAILING ADDRESS NAME ___________________________________________________________________________________ BOX (STREET) ____________________________________________________________________________ CITY _____________________________________________________________________________________ STATE _____________________ ZIP _________________________________ Each taxpayer having a combined franchise and excise tax liability of $5,000 or more for the current and prior tax years must make four quarterly estimated tax payments. The payments are due on the 15th day of the fourth, sixth, and ninth months of the current year and the first month of the succeeding year. Make your check payable to the Tennessee Department of Revenue and mail to: Tennessee Department of Revenue Andrew Jackson State Office Building 500 Deaderick Street Nashville, TN 37242 For assistance, you may call in-state toll free 1-800-342-1003 or (615) 253-0700. REMINDERS 1. All franchise, excise tax forms are required to be filed electronically. An electronic version of this form is available online at apps.tn.gov/fnetax. Tenn. Code Ann. Section 67-1-115 (b) authorizes the Commissioner of Revenue to require a manual handling fee up to $25 on paper filings. 2. If you choose to file on paper, please use due care to select the correct quarterly voucher, since payments are applied to the applicable quarterly installment based on the prenumbered vouchers. 3. Enter the amount from Line 4 of the worksheet to the "Amount of Payment" field on the voucher. 4. If Line 4 of the worksheet is zero, please do not file the voucher. ROUND TO NEAREST DOLLAR 1. Estimated Franchise, Excise tax liability ........................................................................................ 00 ____________________________ 2. Less: Franchise, Excise Tax Credits and prior year overpayments ............................................. 00 ____________________________ 3. Net Estimated Franchise, Excise tax liability ................................................................................ 00 ____________________________ 4. Estimated payment (one fourth of Line 3) ................................................................................... 00 ____________________________ KEEP UPPER PORTION FOR YOUR RECORDS-RETURN COPY BELOW FAE 172 TENNESSEE DEPARTMENT OF REVENUE QUARTERLY FRANCHISE, EXCISE TAX DECLARATION Taxable BEGINNING Year ACCOUNT NUMBER ENDING 1 Due Date: If your account number is not preprinted or unknown, enter federal identification or social security number. (FEIN/ SSN) AMOUNT OF PAYMENT 00 FOR OFFICE USE ONLY RV-R0011301 INTERNET (9-16) INSTRUCTIONS 1. WHO MUST MAKE ESTIMATED TAX PAYMENTS: Taxpayers with a franchise, excise tax liability of $5,000 or more in the prior tax year who expect a franchise, excise tax liability of $5,000 or more for the current tax year must file a declaration of their franchise, excise tax for the taxable year and make quarterly payments. 2. WHEN TO MAKE PAYMENTS: Quarterly payments of the estimated franchise, excise tax are to be made as follows: 1st payment - The 15th day of the 4th month of the current taxable year. 2nd payment - The 15th day of the 6th month of the current taxable year. 3rd payment - The 15th day of the 9th month of the current taxable year. 4th payment - The 15th day of the 1st month of the subsequent taxable year. 3. REQUIRED PAYMENT: The minimum amount of each quarterly payment shall be the lesser of: (a) 25% of the combined franchise, excise tax shown on the tax return for the preceding tax year, annualized if the preceding tax year was for less than twelve (12) months; or (b) 25% of 80% of the combined franchise, excise tax liability for the current tax year. 4. PENALTY AND INTEREST: Penalty at the rate of 2% per month, up to 24%, and interest at the current rate per annum are imposed upon any quarterly installment which is late or underpaid. Penalty and interest are computed from the due date of the installment to the date paid or until the fifteenth day of the fourth month following the close of the taxable year. 5. WHICH FORM TO USE: All franchise, excise tax forms are required to be filed electronically. An electronic version of this form is available online at apps.tn.gov/fnetax. Tenn. Code Ann. Section 67-1-115 (b) authorizes the Commissioner of Revenue to require a manual handling fee up to $25 on paper filings. If you choose to file on paper, excise tax payments must be accompanied by the Tennessee Estimated Franchise, Excise Tax Declaration form. Please use due care to select the correct quarterly voucher since payments are applied to the applicable quarterly installment based on the prenumbered vouchers. RECORD OF ESTIMATED TAX PAYMENTS DUE DATE OF PAYMENT DATE PAID AMOUNT PAID _____________________________________________________________ 1. ___________________________________________________________________________ 2. ___________________________________________________________________________ 3. ___________________________________________________________________________ 4. ___________________________________________________________________________ Total payments to be taken on completed return INTERNET (9-16) FAE 172 TENNESSEE DEPARTMENT OF REVENUE QUARTERLY FRANCHISE, EXCISE TAX DECLARATION Taxable BEGINNING Year 2 ENDING Due Date: If your account number is not preprinted or unknown, enter federal identification or social security number. (FEIN/ SSN) ACCOUNT NUMBER AMOUNT OF PAYMENT 00 FOR OFFICE USE ONLY RV-R0011301 FAE 172 TENNESSEE DEPARTMENT OF REVENUE QUARTERLY FRANCHISE, EXCISE TAX DECLARATION Taxable BEGINNING Year 3 ENDING Due Date: If your account number is not preprinted or unknown, enter federal identification or social security number. (FEIN/ SSN) ACCOUNT NUMBER AMOUNT OF PAYMENT 00 FOR OFFICE USE ONLY RV-R0011301 FAE 172 TENNESSEE DEPARTMENT OF REVENUE QUARTERLY FRANCHISE, EXCISE TAX DECLARATION Taxable BEGINNING Year ACCOUNT NUMBER ENDING 4 Due Date: If your account number is not preprinted or unknown, enter federal identification or social security number. (FEIN/ SSN) AMOUNT OF PAYMENT 00 FOR OFFICE USE ONLY RV-R0011301 INTERNET (9-16)
Estimated Payment Declarations
More about the Tennessee Form FAE-Qtax Corporate Income Tax TY 2023
Quarterly Franchise, Excise Tax Declaration
We last updated the Quarterly Franchise, Excise Tax Declaration in February 2024, so this is the latest version of Form FAE-Qtax, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form FAE-Qtax directly from TaxFormFinder. You can print other Tennessee tax forms here.
Other Tennessee Corporate Income Tax Forms:
TaxFormFinder has an additional 65 Tennessee income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form FAE-Disc | Franchise and Excise Tax Exempt Entity Disclosure of Activity |
| Form BUS415-3 | County Business Tax Return - Classification 3 |
| Form FAE-170 | Franchise and Excise Tax Return Kit |
| FAE-Schd-X | Schedule X - Franchise Tax Jobs Credit Computation |
| Form FAE-Exempt | Application for Exemption |
View all 66 Tennessee Income Tax Forms
Form Sources:
Tennessee usually releases forms for the current tax year between January and April. We last updated Tennessee Form FAE-Qtax from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Tennessee Form FAE-Qtax
We have a total of ten past-year versions of Form FAE-Qtax in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form FAE-Qtax
Estimated Payment Declarations
2022 Form FAE-Qtax
Estimated Payment Declarations
2021 Form FAE-Qtax
Estimated Payment Declarations
2020 Form FAE-Qtax
Estimated Payment Declarations
2019 Form FAE-Qtax
Estimated Payment Declarations
2018 Form FAE-Qtax
Estimated Payment Declarations
2017 Form FAE-Qtax
Estimated Payment Declarations
2016 Form FAE-Qtax
Estimated Payment Declarations
2015 Form FAE-Qtax
FAE172, FAE 172 - Quarterly Franchise, Excise Tax Declaration (2006)
2012 Form FAE-Qtax
FAE172, FAE 172 - Quarterly Franchise, Excise Tax Declaration (2006)
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