Federal corporate income tax returns are due on October 15 for the 2018 calendar year corporations that file an extension. Can a taxpayer filing a corporate federal tax return obtain a state extension for filing its F&E return through November 15, 2019?

No.  Taxpayers may request a waiver of penalty resulting from a late-filed tax return.  Penalty waivers are reviewed on a case-by-case basis.  However, the  Tennessee Department of Revenue will consider a waiver of penalty if a taxpayer requires additional time beyond October 15 to accurately prepare a franchise, excise tax return because of federal tax law changes affecting 2018.  After filing their return, taxpayers may apply for a waiver of penalty by signing into their TNTAP account and selecting "Petition for Penalty Waiver."

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