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 Franchise and Excise Tax Exempt Entity Disclosure of Activity  Form 2012

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Welcome to the Department of Revenue's franchise and excise tax taxpayer workshop this is a brief overview of tennessee franchise and excise taxes you can find more detailed information regarding these taxes on our website at www.decksdirect-dot-com decksdirect-dot-com profit entities are not subject to the tax unless they have income from activities unrelated to their nonprofit status note that activities of a general partnership may be included in the franchise and excise tax returns of its partners if they have limited liability protection the most common taxable entity types are corporations S corporations limited liability companies and limited partnerships pass-through entities like partnerships limited liability companies and S Corp are taxed at the entity level rather than at the owner level there are 17 exemptions available to entities that otherwise would be subject Anthony taxes all 17 are listed in the franchise and excise tax guide 10 of the 17 exemption types must registe

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