Document Type

Article

Publication Date

7-1-2024

Description

Excerpt: 

The 2024 spring tax season proved to be more challenging than Tennessee taxpayers anticipated, with major changes not only lingering at the federal level but on the Tennessee franchise and excise tax return as well. Tennessee enforces a franchise and excise tax filed on Form FAE 170 annually. Recently, when the constitutionality of the property base used to calculate franchise tax was questioned, Tennessee lawmakers were faced with a challenging reform and remedy for taxpayers. The following article will help you and your clients understand these Tennessee franchise and excise tax changes and navigate the potential refund process [...]

Copyright Statement

TSCPA does not require copyright assignment or transfer from authors, nor does TSCPA require first publication rights.

Copyright The Author(s). This article originally appeared in the Tennessee CPA Journal.

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