The Tennessee Department of Revenue ( TDOR ) now requires that Franchise and Excise Tax returns prepared using a state-approved software vendor must be filed and the payment remitted electronically. PYA uses an approved software vendor that meets this requirement, and all Franchise and Excise Tax ( F&E ) returns we file and any payments made will now be done electronically.
Two electronic payment options are available:
- Payment can be initiated through our tax software. We will need the bank account number and routing number, which will be transmitted when the electronic return is filed. The TDOR will automatically draft the payment from the account on the due date of the return or any alternate date selected. Estimated payments can also be scheduled through our tax software and automatically drafted from the account on the scheduled due date. This is our recommended option due to possible complications with the second option below.
- Payments can be made using an Electronic Funds Transfer ( EFT ) through the TDOR s website at https://apps.tn.gov/fnetax. You will be asked to submit your account number and payment information to initiate payment by Automated Clearing House ( ACH ) debit or credit card. Credit card payments are subject to a 2.49% fee.
The TDOR website warns taxpayers that problems may arise when using a corporate bank account to transmit payments through this Internet application. Payments initiated through this on-line application are sent to the receiving bank via the ACH as a corporate credit or debit ( CCD ) transaction type. Some customers have filters or debit blocks on their bank account that would prohibit this type of payment from being processed without the receiving bank’s prior knowledge of Tennessee Department of Revenue’s intent to debit the bank account designated in the payment transmission. This can be resolved by providing the bank with the following 10-digit Company I.D. number (or identifier)– C626001445– prior to initiating payments through this F&E on-line application.
For more information about filing an F&E return, contact PYA at (800) 270-9629.
WE ARE REQUIRED BY IRS CIRCULAR 230 TO INFORM YOU THAT THE FOLLOWING DISCUSSION WAS NOT INTENDED OR WRITTEN TO BE USED, AND IT CANNOT BE USED, NOR RELIED UPON, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING ANY PENALTIES THAT MAY BE IMPOSED UNDER FEDERAL TAX LAW. THE ADVICE WAS WRITTEN TO SUPPORT THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED IN THE DISCUSSION. EACH TAXPAYER SHOULD SEEK ADVICE BASED ON ITS PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.
