This document contains official instructions for Form SS-6042 , Annual Request for $50,000 and Under Exemption - a form released and collected by the Tennessee Secretary of State. An up-to-date fillable Form SS-6042 is available for download through this link.
Q: What is Form SS-6042?
A: Form SS-6042 is an Annual Request for $50,000 and Under Exemption in Tennessee.
Q: Who needs to file Form SS-6042?
A: Anyone who wants to claim an exemption of $50,000 or less from the Tennessee franchise and excise tax must file this form.
Q: What is the purpose of Form SS-6042?
A: The purpose of this form is to request an exemption from the Tennessee franchise and excise tax for amounts of $50,000 or less.
Q: How often do I need to file Form SS-6042?
A: You need to file this form annually to claim the exemption for each tax year.
Q: Is there a deadline to file Form SS-6042?
A: Yes, this form must be filed by the 15th day of the fourth month following the close of the tax year.
Q: What information do I need to provide on Form SS-6042?
A: You will need to provide your name, address, tax identification number, and details about your business.
Q: Is there a fee for filing Form SS-6042?
A: No, there is no fee for filing this form.
Q: What happens after I file Form SS-6042?
A: The Department of Revenue will review your request and notify you if your exemption is approved or denied.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Tennessee Secretary of State.