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Tennessee Free Printable Consolidated Net Worth Election Registration Application for 2020 Tennessee Consolidated Net Worth Application for Registration

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Consolidated Net Worth Application for Registration
Consolidated Net Worth Election Registration Application

TENNESSEE DEPARTMENT OF REVENUE RV-F1308301 (7/19) Consolidated Net Worth Election Registration Application This application must be completed by affiliated groups and financial institution affiliated groups electing to compute the net worth base for franchise tax purposes on a consolidated basis. Check all boxes that apply: New election Amended election to add or remove group members Revoke election Check if application is for a financial institution affiliated group Effective Date of the Election: Start End (if revoking election) Account Number FEIN Secretary of State Control Number Legal Name Physical Location (no P.O. Box) Mailing Address Street City State ZIP Code Street City State ZIP Code Telephone Number Email Describe the group’s predominate business activity, stating the major products and/or services sold (affiliated group): The statements made on this application are true to the best of my knowledge and belief. This application must be signed by the individual owner, a partner, or or an officer of the corporation. Signature of owner, partner, officer (do not use stamp) Mail to: Tennessee Department of Revenue Andrew Jackson State Office Building 500 Deaderick Street Nashville, Tennessee 37242 Part 1 - Affiliated group members or financial institution affiliated group members subject to Tennessee franchise and excise tax Check if amended: New member Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address Street City State ZIP Code Street City State ZIP Code Telephone Number FEIN Email SOS Control Number Account Number Check if amended: New member Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address Street City State ZIP Code Street City State ZIP Code Telephone Number FEIN Check if amended: Email Account Number New member SOS Control Number Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address Street City State ZIP Code Street City State ZIP Code Telephone Number FEIN Email SOS Control Number Account Number Check if amended: Remove member Effective date New member Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address Street City State ZIP Code Street City State ZIP Code Telephone Number FEIN Email Account Number SOS Control Number Part 2 - Affiliated group members or financial institution affiliated group members not subject to Tennessee franchise and excise tax Check if amended: New member Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address Street City State ZIP Code Street City State ZIP Code Telephone Number Check if amended: Email New member Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address City State ZIP Code Street City State ZIP Code Email Check if amended: New member Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Physical Location (no P.O. Box) Mailing Address City State ZIP Code Street City State ZIP Code Email Check if amended: New member Remove member Effective date Check if entity is a single member LLC filing as a division of the parent Legal Name Telephone Number FEIN Street Telephone Number Physical Location (no P.O. Box) FEIN Street Telephone Number Mailing Address FEIN FEIN Street City State ZIP Code Street City State ZIP Code Email Instructions: Consolidated Net Worth Election Registration Application Members of an affiliated group or a financial institution affiliated group may make a group election to compute their net worth base for franchise tax purposes on a consolidated basis. An affiliated group is comprised of the following: 1) a taxpayer that, standing alone, is subject to Tennessee franchise tax; 2) all other domestic persons in which the taxpayer, directly or indirectly, has more than a 50% ownership interest; 3) all other domestic persons that, directly or indirectly, have more than a 50% ownership interest in a taxpayer; and 4) all other domestic persons in which a person described in (3) above, directly or indirectly, has more than a 50% ownership interest, regardless of whether such persons do business in Tennessee. A domestic person means any person with more than 20% of the average of its property, payroll, and receipts factors in the United States (Tenn. Code Ann. §§ 67-4-2004 and 674-2103). This election must be made on or before the due date of the tax return for the period for which the election is to take effect. This election form is not for filing a combined return. Combined returns can only be filed by financial institutions that are members of a unitary group. This election is a group election. All affiliates, as defined in Tenn. Code Ann. § 67-4-2004(1), are bound by the election and must compute their net worth franchise tax base, reflected on their separate-entity franchise and excise tax returns, on a consolidated basis. The election remains in effect for a minimum of five tax years, and it continues to remain in effect until revoked. An amended registration form should be filed annually if a member of the group enters or leaves the group at any time during the tax year. This election is not allowed unless each member of the group closes its taxable year on the same date. However, the election is permitted when a member exits the group during the taxable year because of a change in ownership, merger, or liquidation of the member. When this happens, the member exiting the group is excluded from the group and computes its net worth on an unconsolidated basis. This application must be signed and dated at the bottom of the first page by the owner, partner, or officer, and it must be mailed to the address indicated. Do not attach to your franchise and excise tax return.
Extracted from PDF file 2019-tennessee-form-fae-networth.pdf, last modified July 2019

More about the Tennessee Form FAE-NetWorth Corporate Income Tax TY 2019

We last updated the Consolidated Net Worth Application for Registration in March 2020, so this is the latest version of Form FAE-NetWorth, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form FAE-NetWorth directly from TaxFormFinder. You can print other Tennessee tax forms here.

Other Tennessee Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Tennessee income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form FAE-170 Franchise and Excise Tax Return Kit
BUS-Schd-B Payment to Subcontractor Worksheet - Schedule B
Form BUS416-3 Municipal Business Tax Return - Classification 3
Form FAE-Qtax Quarterly Franchise, Excise Tax Declaration
FAE-Schd-T Schedule T - Industrial Machinery Tax Credit

Download all TN tax forms View all 66 Tennessee Income Tax Forms


Form Sources:

Tennessee usually releases forms for the current tax year between January and April. We last updated Tennessee Form FAE-NetWorth from the Department of Revenue in March 2020.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Tennessee Form FAE-NetWorth

We have a total of six past-year versions of Form FAE-NetWorth in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form FAE-NetWorth

Consolidated Net Worth Election Registration Application

2018 Form FAE-NetWorth

FAE - Consolidated Net Worth Election Registration Application

2016 Form FAE-NetWorth

Consolidated Net Worth Election Registration Application

2015 Form FAE-NetWorth

Consolidated Net Worth Election Registration Application

2009 Consolidated Net Worth Application for Registration (RV-F1308301)(v1)(21Nov08) 2012 Form FAE-NetWorth

2009 Consolidated Net Worth Application for Registration (RV-F1308301)(v1)(21Nov08)


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