What are the requirements for receiving a franchise & excise tax extension?

To receive a six month extension, a taxpayer must have paid, on or before the original due date, an amount equal to or greater than—     

  • 90% of the current period liability, or
  • 100% of the previous period liability, annualized to 365.25 days, or
  • $100 if the previous period does not exist.

 When filing the franchise and excise tax return on TNTAP, check “yes” when asked “Have you filed for an extension?”  

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