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Tennessee Extends Individual Income Tax Filing, Payment Due Date

Dated Mar. 22, 2021

Citations: Notice No. 21-02

SUMMARY BY TAX ANALYSTS

The Tennessee Department of Revenue released a notice announcing that the due date for 2020 state individual income tax returns and payments has been extended from April 15 to May 17, without penalties or interest, to match the IRS's new deadline for federal returns.

The extension also applies to franchise and excise taxes for single-member limited liability companies owned by an individual; however, the new deadline is not applicable to estimated tax payments, which are still due April 15.

Tax Filing and Payment Extension: COVID-19 Relief

March 2021

Internal Revenue Service Federal Filing Extension for Individuals

On March 17, 2021, the Internal Revenue Service (“IRS”) issued Notice 2021-59, which provides an individual income tax filing extension. Under Tennessee law, the Commissioner of Revenue is authorized to extend the deadline for filing a return whenever the IRS extends a federal filing date for a specified group of taxpayers.

Hall Income Tax

Consistent with the IRS's decision to extend the filing deadline for individuals, the Tennessee Department of Revenue (“Department”) has extended the due date for filing and paying the Hall income tax from April 15, 2021 to May 17, 2021. This extension will automatically apply. No further action is required.

Franchise and Excise Tax (Single Member LLCs Owned by an Individual Only)

The Department has also extended the franchise and excise tax due date from April 15, 2021 to May 17, 2021 for individuals who file a Tennessee franchise and excise tax return using Schedule J2 — Computation of Net Earnings for a Single Member LLC Filing as an Individual.

This extension will automatically apply. No further action is required.

Please note, the automatic extension is based upon information available in the Department's tax system. The Department will work with taxpayers on a. case-by-case basis to provide an extension consistent with this notice in the event the automatic extension is not applied to a specific account. In such cases, the Taxpayer should contact us using the contact information below.

Interest and Penalties

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, 2021, six-month extension date for calendar year 2020 tax returns remains unchanged.

Estimated Payments

Estimated payments due on April 15, 2021 are not included in this extension. These estimated payments are still due on April 15th.

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 or call (615) 253-0600.

References

Tenn. Code Ann. § 67-1-114.

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.

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