TN Franchise & Excise Return

🟦 TN Franchise & Excise Tax Return – Service Description

The Tennessee Franchise & Excise Tax Return (FAE170) is a required annual filing for most registered businesses in Tennessee, including LLCs, corporations, and partnerships. This return calculates two major state taxes:

• Franchise Tax – based on your business’s net worth or property

• Excise Tax – based on your business’s net earnings

If your business is registered with the state, you are likely required to file this return every year — even if you made no income.

What This Service Includes

• Full preparation and filing of your FAE170 Franchise & Excise Return

• Review of financial statements, assets, and net earnings

• Calculation of franchise tax (minimum $100)

• Calculation of excise tax at the state rate

• Multi‑member, S‑Corp, C‑Corp, and partnership compliance

• TNTAP account review and filing confirmation

• Penalty and interest avoidance through accurate, timely filing

• Secure delivery of your completed return for your records

Who Needs This Filing

This return is required for most Tennessee‑registered entities, including:

• LLCs (single‑member and multi‑member)

• S‑Corporations

• C‑Corporations

• Partnerships

• Professional LLCs

• Nonprofits with unrelated business income

If your business is registered with the Tennessee Secretary of State, you likely owe Franchise & Excise — even if you had no activity.

What You Provide

• Profit & loss statement

• Balance sheet or asset list

• EIN

• Business registration details

• Any supporting financial documents

Why It Matters

Failing to file the F&E return can result in:

• Penalties

• Interest

• Loss of “Active” status with the Secretary of State

• Inability to renew business licenses

• Administrative dissolution

This filing keeps your business legally compliant, active, and in good standing with the state.