Get Fae 174

Filling out the Fae 174 form for the Franchise and Excise Tax Return is a crucial task for businesses operating in Tennessee. This guide provides a step-by-step walkthrough to help you navigate the online submission process with clarity and confidence.

Follow the steps to accurately complete the Fae 174 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the document editor.
2. Enter your FEIN or SSN and account number at the top of the form. Ensure this information is correct, as it identifies your business.
3. Fill in the taxable year and the duration of your operations in Tennessee by providing the beginning and ending dates.
4. Check the appropriate block(s) that correspond to your business structure, such as corporation, LLC, or partnership.
5. If applicable, indicate if this is an amended return, final return, or if payment was made via EFT by checking the respective box.
6. Provide the principal business activity code as listed in federal IRC instructions that best describes your operations.
7. In Schedule A, compute your franchise tax by entering total net worth and total real & tangible personal property where required.
8. In Schedule B, compute the excise tax based on your income, taking care to add recapture of excise tax credit if applicable.
9. Calculate the total tax due or any overpayment on Schedule C by adding and subtracting the relevant figures provided in previous sections.
10. Sign and date the form, ensuring all information is true and complete. This is mandatory for verification purposes.
11. Save your changes, and if needed, download, print, or share the completed form as per your requirement.

Start filling out your Fae 174 form online today for a seamless filing experience.