In regard to the excise tax component of its quarterly estimated Tennessee franchise and excise tax payments, a taxpayer may elect to calculate that excise tax component in the manner provided by Internal Revenue Code (IRC) Sec. 6655(e)(2) (i.e., regarding determination of annualized income installment). For those taxpayers that elect to calculate the excise tax […]
The post Tennessee ~ Corporate Income, Franchise Taxes: Taxpayers Authorized to Calculate Quarterly Estimated Payments on Annualized Method appeared first on Tax & Accounting Blog.