Tntap franchise and excise tax exemptions. TNTAP Stands for Tennessee Taxpayer Access Point.

Tntap franchise and excise tax exemptions The Tennessee Taxpayer Access Point (TNTAP) application allows you to create and manage your account, file and pay your taxes online, pay a tax bill, register a new business and more. You can file for an exemption using the Tennessee Taxpayer Access Point (TNTAP), without creating a logon. Sep 4, 2025 · Most corporations, limited liability companies (LLCs), and partnerships are subject to franchise and excise tax in Tennessee. Electronic payment required (either through bank account or through the IRS Modernized e-File Program. Code Ann. Learn more about using TNTAP and creating a TNTAP logon. Nov 21, 2025 · The Tennessee Franchise and Excise (F&E) Tax is a dual levy imposed on most entities for the privilege of doing business or earning income within the state. Find TNTAP Guidance and videos that assist tax preparers with TNTAP. Find information on tax workshops, speakers bureau, rural community outreach and university seminars. Read information about e-file and pay. What’s Changed? Tennessee Department of Revenue Tennessee Taxpayer Access Point (TNTAP) TNTAP Login Follow. Overview Franchise and excise tax is imposed on entities that operate in Tennessee and offer their owners limited liability protection. §§ 67-4-2101 et seq To qualify for the FONCE franchise and excise tax exemption, the entity must meet two criteria: At least 95% of the entity’s ownership must be directly held by family members, and Substantially all (66. Passive investment Franchise and Excise Tax Exempt Entity Disclosure of Activity Please complete this page if you have indicated that you are applying for or renewing an exemption for a farming/personal residence or a family owned non-corporate entity. Find answers to frequently asked questions and watch how-to videos on how to navigate the Tennessee Taxpayer Access Point (TNTAP) here. Using TNTAP you can file and pay taxes, check your account balances, view correspondence from the Tennessee Department of Revenue and more! You can Franchise - the lesser of 25% of the franchise tax shown on the tax return for the preceding tax year (annualized if less than 12 months) or 25% of 80% of the current year’s liability. Get an overview and learn more about filing business taxes online through TNTAP with the State of Tennessee. Franchise tax is based on the greater of net worth or book value of real or tangible property owned or used in Tennessee. 6 These taxes are accrued taxes imposed on the privilege of doing business in this state or by exercising the corporate franchise. TNTAP is Tennessee's free, one-stop site for filing your taxes, managing your account and viewing correspondence. The excise tax is based on the taxpayer’s net earnings or income for the tax year. Exemptions and Credits Entities Exempt from Franchise & Excise Tax: Seventeen different types of entities are exempt from the franchise and excise taxes. Mar 20, 2025 · Learn which organizations qualify for franchise and excise tax exemptions in Tennessee, including nonprofits, government entities, and certain agricultural businesses. In order to file and pay your business taxes in Tennessee electronically, you must use the TNTAP system. Tennessee Department of Revenue Tennessee Taxpayer Access Point (TNTAP) Tennessee Taxpayer Access Point (TNTAP) Find answers to frequently asked questions and watch how-to videos on how to navigate the Tennessee Taxpayer Access Point (TNTAP) here. Entities Exempt from Franchise & Excise Tax Seventeen different types of entities are exempt from the franchise and excise taxes. You can file for an exemption (without creating a logon) using the Tennessee Taxpayer Access Point (TNTAP). Tenn. Read taxpayer education and outreach information. Read more about exempt entities at the link on the left. This tax structure consists of two components: an Excise Tax based on net earnings and a Franchise Tax based on net worth. Please note that TNTAP business tax filing began in May 2018. What is TNTAP? The Tennessee Taxpayer Access Point (TNTAP) is the Tennessee Department of Revenue’s filing and payment system, but it is actually much more than that! You can view your account information online at any time, view correspondence, and make your required tax return filings and payments quickly and easily. TNTAP Stands for Tennessee Taxpayer Access Point. Accepted F&E-23 - Notice of Overpayment and TNTAP Account Credits F&E-24 - Extensions Granted in 2020 for COVID-19 Relief & Tornadoes & Severe Storms F&E-25 - Application of 2019 Franchise & Excise Tax Overpayment to 2020 Quarterly Estimate F&E-26 - State Funding Board Certification Regarding Special Revenues TNTAP is Tennessee's free, one-stop site for filing your taxes, managing your account and viewing correspondence. 67%) of the activity of the entity is either the production of passive investment income or the combination of the production of passive investment income and farming. §§ 67-4-2001 et seq Tenn. This kit does not include financial institutions or Overview The excise tax and the franchise tax are imposed on corporations and most limited liability companies for the privilege of doing business in Tennessee. The information below describes how to gain access to TNTAP. The combined tax is a mandatory filing for nearly all corporations, Limited Liability Companies (LLCs), and certain The franchise tax is based on the taxpayer’s net worth, which is the difference between the taxpayer's total assets less its total liabilities, as derived from the taxpayer’s books and records. In-state and out-of-state entities can both be subject to franchise and excise tax. ) Penalty and interest charges may apply if the taxpayer fails to remit payments electronically. Using TNTAP you can file and pay taxes, check your account balances, view correspondence from the Tennessee Department of Revenue and more! To register for any of the above tax types, with the Department of Revenue, please visit the Tennessee Department of Revenue website and create a TNTAP account using this step-by-step instruction video or the steps listed on this page. 7 Both taxes are solely for state purposes and Jan 1, 2024 · Application for Exemption/Annual Exemption Renewal Exempt Entities Application for Exemption/Annual Exemption Renewal (FAE183) - includes disclosure of activity Franchise & Excise Tax Returns FAE170 Kit - For tax periods beginning January 1, 2024 and after For corporations, LLCs, & LPs. What’s Changed? Tennessee Department of Revenue Tennessee Taxpayer Access Point (TNTAP) TNTAP Login Follow TNTAP is Tennessee's free, one-stop site for filing your taxes, managing your account and viewing correspondence. epss rawo bajknnsy siukpw faflye lknrvwj hpxbmyk hqpe vlmqppk ktqp vjvmx ihtbav eviz gsjncp hyy