Tax Filing and Payment Extension: COVID-19 Relief
April 2020
Filing Extension for Professional Privilege Tax
The Tennessee Department of Revenue has extended the due date for filing and paying the professional privilege tax from June 1, 2020 to July 1, 2020.
Interest and late filing penalties will not be applied to returns filed and payments made on or before this extended due date.
Professions Subject to Professional Privilege Tax
Beginning this year, only the following professions, which are licensed in Tennessee, are subject to professional privilege tax:
agents, broker-dealers, and investment advisors registered under Title 48 of the Tennessee Code;
attorneys;
lobbyists; and
physicians and osteopathic physicians.
All other professions previously subject to the professional privilege tax are now exempt.
For More Information
Visit www.tn.gov/revenue. Click on Revenue Help to search for answers or to submit an information request to one of our agents.
References
Tenn. Code Ann. § 67-1-114; Tenn. Code Ann. § 67-4-1702; Public Chapter 478 (2019).
Disclaimer: The information provided here is current as of the date of publication but may change as a result of new statutes, regulations, or court decisions. While this notice is intended to be comprehensive, events and situations unanticipated by this notice may occur. In such cases you should contact the department or your tax professional for further guidance.