Thursday, July 23, 2020

Tennessee—Multiple Taxes: Relief Announced for Taxpayers Affected by April Tornadoes and Severe Storms

Following the IRS decision to extend federal deadlines for individuals and businesses located in Bradley County or Hamilton County, Tennessee has extended the franchise and excise tax and Hall income tax filing and payment deadlines to October 15, 2020, for taxpayers located in those counties.

The relief postpones the franchise and excise tax and income tax filing and payment deadlines that fall between April 12, 2020, and October 15, 2020. Affected businesses and individuals will have until October 15, 2020, to file returns and make any payments. This includes estimated tax payments for the first two quarters of 2020 that were due on July 15, and the third quarter estimated tax payment normally due on September 15. The extension will be automatically applied to franchise, excise, and income tax accounts of taxpayers having a primary address in Bradley County or Hamilton County. (Extracted from Paychex State Tracker News)


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