Tennessee Municipal Business Tax Return - Classification 4

Municipal Business Tax Return - Classification 4
Municipal Business Tax Return Classification 4, BUS416TENNESSEE DEPARTMENT OF REVENUE
MUNICIPAL BUSINESS TAX RETURN
Filing Period

BUS
416

Due Date

Account No.

FEIN/SSN/TIN

Location Address

Business License No.

Make your check payable to Tennessee
Department of Revenue and mail to:
Tennessee Department of Revenue
Andrew Jackson State Office Building
500 Deaderick Street
Nashville, Tennessee 37242

Classification

4
Name:

INTERNET (09-15)

RV-R0012901

Should you need assistance, please contact
the Taxpayer Services Division by calling our
statewide numbers: 1-800-342-1003 or (615)
253-0600.

_________________________________________________________

Address: _________________________________________________________
(Address to which returns should be mailed)

If this is an AMENDED RETURN,
please check the box at right

}

If this is a return for a CLOSED
business, please check the
box at right.

}

City: ________________________________ State: _____ Zip: __________

Business tax jurisdiction for which return is being filed:

(Name of city)
Note: A taxpayer located within a city may be required to file two business
tax returns. Please see the instructions for more information.
ROUND TO NEAREST DOLLAR

1. Total gross sales (Excluding sales tax)........................................................................................... (1)

.00

2. Enter deductions from Schedule A, Line 18..................................................................................... (2)

.00

3. Taxable gross sales (Subtract Line 2 from Line 1)............................................................................ (3)

.00

4. Business tax (Retailers multiply Line 3 by _________; Wholesalers multiply Line 3 by _________.)
(If rate is not preprinted, refer to chart on reverse)..............................................................................................

(4)

.00

5. Deduct amount of personal property taxes (cannot exceed 50% of Line 4)...............................................................

(5)

%
.00

6. Total tax due (Subtract Line 5 from Line 4. Enter result or $22, whichever is greater).........................

(6)

%
.00

7. Enter credit memo balance..........................................................................................................

(7)

%
.00

8. Penalty (See instructions)...........................................................................................................................................

(8)

%
.00

9. Interest (

(9)

%
.00

10. Total amount due (Add Lines 6, 8, and 9; subtract Line 7)
(Make checks payable to the Tennessee Department of Revenue)...................................................................... (10)

%
.00

% per annum on taxes unpaid by the due date; see instructions).......................................................

FOR OFFICE USE ONLY

I declare this is a true, complete, and accurate return to the best of my
knowledge.
SIGN
HERE
President or other Principal Officer, Partner or Proprietor
Date
SIGN
HERE

Tax Return Preparer and Title

41616600000000000000000000000000000000000000000000000000000000000000

Date

INTERNET (09-15)

Schedule A. Deductions from Gross Sales
1. Sales of services received by persons located in other states............................................................. (1)

.00

2. Returned merchandise when the sales price is refunded to the customer.............................................. (2)

.00

3. Sales in interstate commerce where the purchaser takes possession outside Tennessee for use or
consumption outside Tennessee....................................................................................................... (3)

.00

4. Cash discounts allowed and taken on sales....................................................................................... (4)

.00

5. Repossessions - The portion of the unpaid principal balance in excess of $500 due on tangible personal property repossessed from customers....................................................................................... (5)

.00

6. The amount allowed as trade-in value for any articles sold...................................................................

.00

(6)
7. Bad debts written off during the reporting period and eligible to be deducted for federal income tax
purposes......................................................................................................................................... (7)

.00

8. Amounts paid by a contractor to a subcontractor holding either a business license or contractor's
license for performing activities described in Tenn. Code Ann. Section 67-4-708(4)(A). Must
(8)
complete Schedule B and file with the return......................................................................................

.00

Federal and Tennessee privilege and excise taxes:
(Note: All deductions must have adequate records maintained to substantiate deductions claimed or they will be disallowed.)

9.
10.

.00

Federal and Tennessee gasoline tax............................................................................................... (9)
Federal and Tennessee motor fuel tax............................................................................................ (10)

.00

11. Federal and Tennessee tobacco tax on cigarettes............................................................................ (11)

.00

12. Federal and Tennessee tobacco tax on all other tobacco products....................................................

(12)

.00

13. Federal and Tennessee beer tax....................................................................................................

(13)

.00

14. Tennessee special tax on petroleum products........................................................

(14)

.00

15. Tennessee liquified gas tax for certain motor vehicles..............................................

(15)

.00

16. Tennessee beer wholesale tax..........................................................................................................

(16)

.00

17. Other deductions not taken elsewhere on the return......................................................................... (17)

.00

(Specify)

.00

18. Total Deductions. Add Lines 1 through 17. Enter here and in Page 1, Line 2......................... (18)

CLASSIFICATION
Class 1A
Class 1B & 1C
Class 1D
Class 1E
Class 2
Class 3
Class 4
Class 5

RETAILER RATES
0.001
0.001
0.0005
Not applicable
0.0015
0.001875
0.001
0.003

WHOLESALER RATES
0.00025
0.000375
Not applicable
0.0003125
0.000375
0.000375
Not applicable
Not applicable

TAX PERIOD

Fiscal Year

DUE DATE
Not later than the
15th day of the 4th
month following the
end of the tax
period.

Extracted from PDF file 2023-tennessee-form-bus416-4.pdf, last modified September 2015

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More about the Tennessee Form BUS416-4 Corporate Income Tax TY 2023

Municipal Business Tax Return - Classification 4

We last updated the Municipal Business Tax Return - Classification 4 in January 2024, so this is the latest version of Form BUS416-4, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form BUS416-4 directly from TaxFormFinder. You can print other Tennessee tax forms here.

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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 Tax Credit
Form FAE-Exempt	Application for Exemption

Download all TN tax forms 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 BUS416-4 from the Department of Revenue in January 2024.

Show Sources >

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 BUS416-4

We have a total of eleven past-year versions of Form BUS416-4 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form BUS416-4