Franchise & Excise Tax

• Are business interest expense carryforwards incurred during the 2018 and 2019 tax years deductible for excise tax purposes? If so, how do I track the carryforwards?
• Does the CARES Act of 2020 impact the excise tax return?
• What changes were made to the Brownfield Tax Credit during the 2020 legislative session?
• Based upon Notice #20-05, the April 15 due date for my 2019 F&E return has been extended to July 15. If I have an overpayment of tax when I file my 2019 F&E return on July 15, 2020, can it be applied to my 2020 quarterly estimated payments?
• Is there an extension of time to file and pay Tennessee's franchise and excise taxes for the tax period ending December 31, 2019?
• 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?
• If a single member limited liability company (“SMLLC”) elects to be disregarded for federal tax purposes, can its corporate parent claim the SMLLC’s job tax credits on future franchise, excise tax returns?
• Has the State Funding Board made a certification regarding Special Revenues?
• Has the franchise and excise tax credit for service providers of broadband internet access been repealed?
• What are the franchise and excise tax filing requirements for an entity that has substantial nexus in the state but qualifies for protection under Public Law 86-272?
• May a taxpayer have substantial nexus in the state if it does not meet the bright–line presence standards?
• Is a physical presence required to establish nexus for franchise and excise taxes?
• What are the requirements for receiving a franchise & excise tax extension?
• How is the industrial machinery credit recapture calculated?
• Who must file a $100 minimum franchise tax return?
• What entity types file the franchise and excise tax return?
• For franchise tax purposes, is computer software considered tangible property includable on Schedule G?
• For franchise and excise tax purposes, should computer software be included in the property factor for apportionment purposes?
• Do Tennessee franchise and excise tax laws include a throwback provision for sourcing receipts to the state for apportionment purposes?
• For franchise and excise taxes, when must a consolidated net worth election form be filed?
• Do taxpayers have an option to delay claiming the standard job tax credit on their franchise and excise tax return?
• How Do I Make an Estimated Payment for Tennessee's Franchise and Excise Taxes?
• Is an adjustment needed to prevent the IRC Section 179 expense deduction from being deducted twice on the excise tax return?
• Why does my franchise and excise tax Notice of Overpayment not show my full credit balance available?
• How is owned property reported in the property factor of the apportionment ratio on a final return when a complete liquidation occurred in a single day?
• What is the due date for a franchise and excise tax return that covers less than 12 months?
• Is there a cap on deductible business interest expense for excise tax purposes?
• Are state and local tax incentives and grants included in net earnings for excise tax purposes?
• How are dividend and interest income sourced for purposes of the receipts factor of the apportionment ratio?
• Should the Consolidated Net Worth Election Registration Application include an insurance company if it is an affiliated group member?