Instructions for Form FAE170, RV-R0011001 Franchise and Excise Tax Return - Tennessee

Form FAE170 (RV-R0011001) Franchise and Excise Tax Return - Tennessee

This document contains official instructions for Form FAE170 , and Form RV-R0011001 . Both forms are released and collected by the Tennessee Department of Revenue. An up-to-date fillable Form FAE170 (RV-R0011001) is available for download through this link.

FAQ

Q: What is Form FAE170?
A: Form FAE170 is the Franchise and Excise Tax Return specific to Tennessee.

Q: What is the purpose of Form FAE170?
A: Form FAE170 is used to report and calculate the franchise and excise tax owed by businesses operating in Tennessee.

Q: Who needs to file Form FAE170?
A: Businesses operating in Tennessee may need to file Form FAE170 if they meet certain criteria, such as having nexus in the state or meeting the minimum taxable net worth or gross receipts thresholds.

Q: When is Form FAE170 due?
A: Form FAE170 is due on the 15th day of the fourth month following the close of the taxpayer's fiscal year.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, including a late filing fee and interest on the unpaid tax.

Q: Are there any deductions or credits available?
A: Yes, there are various deductions and credits available that may reduce the amount of franchise and excise tax owed. These include the job tax credit, investment tax credit, and net operating loss deduction, among others.

Q: Is Form FAE170 the only tax return I need to file in Tennessee?
A: No, in addition to Form FAE170, businesses may also need to file other tax returns, such as the sales and use tax return or the business tax return, depending on their activities and liabilities in the state.