TN INC 251 2017 free printable template
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RVR0003601 (11/17)TENNESSEE DEPARTMENT OF REVENUE2017 Application for Extension of Filing Time/Prepayment of Individual Income Taxing
251Tax Year BeginningAccount Number (if known)Tax Year EndingFEINSSNSpouses
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How to fill out TN INC 251
01
Begin by entering the name of the corporation at the top of the form.
02
Provide the address of the corporation, including the city, state, and zip code.
03
Fill in the date of incorporation or the date the corporation intends to start business.
04
Indicate the purpose of the corporation clearly and concisely.
05
List the names and addresses of all directors.
06
Specify the number of shares the corporation is authorized to issue.
07
Include any additional provisions or statements as necessary.
08
Sign and date the form.
09
Submit the completed form along with the required filing fee to the appropriate state office.
Who needs TN INC 251?
01
Any individual or group wanting to incorporate as a corporation in Tennessee.
02
Business owners seeking to establish a formal legal structure for their enterprise.
03
Entrepreneurs looking to protect personal assets and gain credibility with customers and investors.
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What is TN INC 251?
TN INC 251 is a tax form used in the state of Tennessee for reporting the income of corporations, including LLCs and limited partnerships, for franchise and excise tax purposes.
Who is required to file TN INC 251?
All corporations, including limited liability companies and limited partnerships doing business in Tennessee, are required to file TN INC 251 if they meet the threshold for franchise or excise tax.
How to fill out TN INC 251?
To fill out TN INC 251, taxpayers need to provide information such as the legal business name, federal employer identification number (EIN), total revenue, deductions, and any applicable tax credits, ensuring that all sections of the form are completed accurately.
What is the purpose of TN INC 251?
The purpose of TN INC 251 is to report the income and determine the amount of franchise and excise taxes owed by corporations and businesses operating in Tennessee.
What information must be reported on TN INC 251?
Information that must be reported on TN INC 251 includes the entity's legal name, federal EIN, total revenue, business expenses, and any deductions or credits claimed for the tax period.
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