Tennessee FAE 172 Form PDF Details

For businesses operating within Tennessee, understanding and adhering to tax obligations is paramount, among which the Tennessee FAE 172 form is crucial. This form, officially titled the Quarterly Franchise, Excise Tax Declaration, serves as a declaration and subsequent payment of estimated taxes due for franchise and excise taxes on a quarterly basis. It’s mandated for any taxpayer who anticipates a combined franchise and excise tax liability of $5,000 or more for the taxable year to file this declaration. The form outlines the due dates for each of the quarterly payments, which fall on the 15th day of the fourth, sixth, and ninth months of the current year, and the first month of the following year. Compliance involves calculating the estimated taxes, taking into account any applicable tax credits and prior year overpayments, to then make payments accordingly. Non-compliance or errors in filing can result in penalties and interest, emphasizing the need for careful attention to the instructions and deadlines specified by the Tennessee Department of Revenue. Additionally, the department facilitates assistance and provides prenumbered vouchers and envelopes to streamline the process, ensuring that businesses can fulfill their tax obligations efficiently and correctly.

QuestionAnswer
Form Name Tennessee FAE 172 Form
Form Length 3 pages
Fillable? No
Fillable fields 0
Avg. time to fill out 45 sec
Other names fae 172 instructions 2020, fae 172 instructions 2019, fae172 fillable form, fae 170 instructions

Form Preview Example

R0011301

TENNESSEE DEPARTMENT OF REVENUE

 

QUARTERLY FRANCHISE, EXCISE TAX DECLARATION

FAE

 

 

ACCOUNT NO.

Taxable Beginning

172

Year

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 tax year must make four quarterly es- timated 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) 253-0600.

REMINDERS

1.Please read instructions on reverse side before preparing worksheet.

2.UsetheprenumberedvouchersandenvelopesprovidedbytheDepartmentofRevenue.

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

 

 

00

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)

______________________

KEEP UPPER PORTION FOR YOUR RECORDS-RETURN COPY BELOW

FAE 172

TENNESSEE DEPARTMENT OF REVENUE

1

QUARTERLY FRANCHISE, EXCISE TAX DECLARATION

 

 

 

 

 

Taxable

BEGINNING

ENDING

 

Year

 

 

 

 

 

 

 

ACCOUNT NUMBER

 

 

 

 

 

 

 

 

 

 

Due Date:

If your account number is not preprinted or unknown, enter federal identification or social security number.

(FEIN/

SSN)

AMOUNT OF

 

 

 

 

 

 

 

 

00

PAYMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR OFFICE

USE ONLY

RV-R0011301

INTERNET(1-07)

 

INSTRUCTIONS

1.WHO MUST MAKE ESTIMATED TAX PAYMENTS: Taxpayers 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.REQUIREDPAYMENT: Theminimumamountofeachquarterlypaymentshallbethelesserof:(a)25%ofthecombinedfranchise, 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 100% of the combined franchise, excise tax liability for the current tax year.

4.PENALTYANDINTEREST: Penaltyattherateof5%permonth,upto25%,andinterestatthecurrentrateperannumareimposed 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 payments must be accompanied by the Tennessee Estimated Franchise, ExciseTaxDeclarationform.Ifyoureceivedapreaddressedpacket,pleaseusetheprenumberedvouchersandenvelopessupplied with the packet. This will help expedite the processing of your estimated payments.

RECORD OF ESTIMATED TAX PAYMENTS

 

 

DUE DATE OF PAYMENT

 

 

 

 

 

 

 

DATE PAID

 

 

 

 

AMOUNT PAID

 

 

_____________________________________________________________

 

 

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Total payments to be taken on completed return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTERNET(1-07)

FAE 172

TENNESSEE DEPARTMENT OF REVENUE

2

QUARTERLY FRANCHISE, EXCISE TAX DECLARATION

 

 

 

 

 

Taxable

BEGINNING

ENDING

 

Year

 

 

 

ACCOUNT NUMBER

 

 

 

 

 

 

 

 

 

 

FOR OFFICE

USE ONLY

Due Date:

If your account number is not preprinted or unknown, enter federal identification or social security number.

(FEIN/

SSN)

AMOUNT OF

 

 

 

 

 

 

 

 

00

PAYMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RV-R0011301

FAE 172

TENNESSEE DEPARTMENT OF REVENUE

3

QUARTERLY FRANCHISE, EXCISE TAX DECLARATION

 

 

 

 

 

Taxable

BEGINNING

ENDING

 

Year

 

 

 

ACCOUNT NUMBER

 

 

 

 

 

 

 

 

 

 

FOR OFFICE

USE ONLY

Due Date:

If your account number is not preprinted or unknown, enter federal identification or social security number.

(FEIN/

SSN)

AMOUNT OF

 

 

 

 

 

 

 

 

00

PAYMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RV-R0011301

FAE 172

TENNESSEE DEPARTMENT OF REVENUE

4

QUARTERLY FRANCHISE, EXCISE TAX DECLARATION

 

 

 

 

 

Taxable

BEGINNING

ENDING

 

Year

 

 

 

 

 

 

 

ACCOUNT NUMBER

 

 

 

 

 

 

 

 

 

 

FOR OFFICE

USE ONLY

Due Date:

If your account number is not preprinted or unknown, enter federal identification or social security number.

(FEIN/

SSN)

AMOUNT OF

 

 

 

 

 

 

 

 

00

PAYMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RV-R0011301

INTERNET(1-07)

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