The Tennessee Final Report of Payment and Receipt of Compensation is a form that must be completed by employers in the state of Tennessee when they make payments to an employee or contractor for wages, salary, bonuses, or other compensation. It is required by the Tennessee Department of Labor and Workforce Development. The Tennessee Final Report of Payment and Receipt of Compensation includes information on the type of payment, the amount paid, the date the payment was made, and the employee or contractor's name and address. It also includes a signature line for the employee or contractor to sign and return to the employer. The Tennessee Final Report of Payment and Receipt of Compensation comes in two forms: the Employer's Final Report of Payment and the Employee's Final Report of Receipt of Compensation. The Employer's Final Report of Payment must be completed by the employer and submitted to the Tennessee Department of Labor and Workforce Development. The Employee's Final Report of Receipt of Compensation must be signed and returned to the employer by the employee or contractor. The Tennessee Final Report of Payment and Receipt of Compensation is an important document for employers and employees to ensure that the payment and receipt of compensation is properly documented and tracked.