Individual tax filings and payments, along with estimated payments originally due by April 15, 2020, are now due on or before July 15, 2020. Individual returns included are the IT-40, IT-40PNR, IT-40RNR, IT-40ES, ES-40 and SC-40.
Corporate tax filings and payments, along with estimated payments originally due by April 15 or April 20 are now due on or before July 15, 2020. Those originally due on May 15, 2020, are now due on August 17, 2020. Returns included are the
IT-20, IT-41, IT-65, IT-20S, FIT-20, URT-1, IT-6, IT-6WTH, FT-QP and URT-Q.
Penalties will be waived for 60 days for property tax paid after May 11 (July 10, 2020). This waiver does not apply to tax payments which have been escrowed by financial institutions on behalf of property taxpayers.
Personal property tax returns for the 2020-Pay-2021 tax cycle will remain May 15. However, a taxpayer may on or before May 15 request a 30
day extension (June 14, 2020).
Second quarter (2020) estimates, typically due June 15, have NOT been extended at this time.
Small businesses scheduled to make their monthly sales, use and withholding tax payments on March 20 can postpone filing and payment requirements until April 20. The state Treasury Department will waive all penalties and interest for 30 days. More info here.
The Tennessee Department of Revenue (DOR) has extended the due date for filing and paying franchise and excise tax from April 15, 2020 to July 15, 2020. Taxpayers will have until July 15 to file returns and make any payments (including quarterly estimated payments) originally due on April 15, 2020. Interest and late filing penalties will not be applied to returns filed and payments made on or before this extended due date. The October 15, 2020, six-month extension date for the calendar year 2019 return remains unchanged. This notice applies to franchise and excise tax only.
The Tennessee DOR is not receiving walk-in customers at their regional and downtown offices from March 20 through April 12, 2020.
The AICPA is actively following state tax filing guidance in the wake of the COVID-19 pandemic. This PDF publication is updated daily and includes information for all states.
A FRAUD WARNING FROM THE IRS
If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, tax, or charge of any kind, including the purchase of gift cards, please do not respond. These are scams. Please contact the FBI at www.ic3.gov so that the scammers can be tracked and stopped.