Tennessee Intangible Personal Property Schedule - Tennessee

Tennessee Intangible Personal Property Schedule is a legal document that was released by the Tennessee Comptroller of the Treasury - a government authority operating within Tennessee.

FAQ

Q: What is the Tennessee Intangible Personal Property Schedule?
A: The Tennessee Intangible Personal Property Schedule is a form that individuals must complete to report and pay taxes on certain types of intangible personal property.

Q: What is considered intangible personal property in Tennessee?
A: Intangible personal property in Tennessee includes assets such as stocks, bonds, mutual funds, and other financial instruments.

Q: Who is required to file the Tennessee Intangible Personal Property Schedule?
A: Individuals who have qualifying intangible personal property with a value exceeding the exemption threshold are required to file the Tennessee Intangible Personal Property Schedule.

Q: What is the exemption threshold for the Tennessee Intangible Personal Property Schedule?
A: The exemption threshold for the Tennessee Intangible Personal Property Schedule is $1,000.

Q: When is the deadline for filing the Tennessee Intangible Personal Property Schedule?
A: The deadline for filing the Tennessee Intangible Personal Property Schedule is April 15th of each year.

Q: What are the penalties for failing to file the Tennessee Intangible Personal Property Schedule?
A: Penalties for failing to file the Tennessee Intangible Personal Property Schedule include a 5% penalty on the tax due for each month the form is late, up to a maximum of 25%.

Q: Is there any way to claim an exemption from the Tennessee Intangible Personal Property tax?
A: Yes, individuals who meet certain criteria may be eligible for an exemption from the Tennessee Intangible Personal Property tax. It is recommended to consult with a tax professional for more information on exemptions and eligibility.