Form Fae 173 is a critical form that all businesses must complete in order to engage in taxable activity in the state of California. This form is used to calculate the amount of tax due on business activity, and it must be filed every quarter. Failing to file this form can result in significant fines and penalties. In this blog post, we'll take a closer look at Form Fae 173 and explain how to complete it correctly. We'll also provide some tips for minimizing your tax liability. Thanks for reading!
| Question | Answer |
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| Form Name | Form Fae 173 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | tennessee franchise excise, tennessee department extension, tennessee fae 173, tn fae |
TEN N ES S EE D EP ARTMEN T OF REVEN U E
Ap p lic a tio n fo r Ex te n s io n o f Tim e to File Fra n c h is e a n d Ex c is e Ta x Re tu rn
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Tax Year Beginning |
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Tax Year Ending |
FEIN |
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A six- month extension will be granted, provided you meet the requirements outlined in the
instructions.
Quarterly estimated tax payments made for the year, available tax credits, and overpayments from prior years should be deducted when computing the payment due.
You may file your extension and payment at: www.tn.gov/revenue.
Remit amount on Line 4 to:
Tennessee Department of Revenue
Andrew Jackson State Office Building
500 Deaderick Street, Nashville, TN 37242
Computation of Extension Payment
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Round to the nearest dollar |
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Estimated franchise tax current year |
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Estimated excise tax current year |
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Deduct prior year's overpayments and current year's estimated payments and |
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tax credits |
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Amount due with extension request (Lines 1 and 2, subtract Line 3) |
(4) |
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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.
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Tax Preparer's Signature |
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FOR OFFICE U S E ON LY
Instructions: Application for Extension of Time to File Franchise and Excise Tax Return
You may file this extension along with your payment electronically at: www.tn.gov/revenue.
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 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, and any other 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 due date, you do not need to file this form.
If a payment is needed to meet the payment requirement 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. This 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.
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 requirement 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.