What Is 500 Deaderick Street Nashville TN 37242 Used For?

500 Deaderick Street, Nashville, TN 37242, is the mailing address for the Tennessee Department of Revenue. It is used for submitting tax documents, payments, and required filings. Sending forms to the correct location helps prevent processing delays and compliance issues.

When to Use 500 Deaderick Street

This address is designated for mailing state tax documents, including business tax returns and franchise and excise tax payments. Taxpayers filing paper forms instead of submitting electronically may need to use this address, depending on state filing requirements.

Businesses in Tennessee commonly send franchise and excise tax returns here. The franchise tax is 0.25% of the greater of net worth or the book value of real and tangible property in Tennessee, with a minimum of $100. The excise tax is 6.5% of net earnings. Timely submission of these documents helps businesses avoid penalties.

Individuals may also use this address for certain state tax payments, such as estimated taxes for self-employed individuals. While Tennessee does not tax wages, those with outstanding liabilities from the now-repealed Hall income tax may still need to send payments for prior obligations.

Preparing Required Forms

Before mailing tax documents, taxpayers should ensure forms are correctly completed according to Tennessee Department of Revenue guidelines. Errors or omissions can cause processing delays, requests for additional information, or penalties.

Using the most recent version of required forms is essential, as tax regulations change periodically. Updated forms are available on the department’s website or through authorized tax software.

Ensuring accuracy in taxpayer identification numbers, business names, and filing periods is critical. Errors in reported figures can lead to processing issues or audits. If calculations are required, rounding rules specified in the form’s instructions should be followed.

Documentation to Include

Submitting all necessary paperwork prevents delays or rejections. The required documents depend on the type of tax, payment method, and additional state requirements.

Tax Return

A completed tax return is the primary document for submission. Businesses filing franchise and excise taxes must submit Form FAE170, while sales and use tax filers use Form SLS450.

Each return must be signed by an authorized individual. Unsigned returns may be considered invalid and result in penalties. If estimated tax payments or prior overpayments apply, these amounts should be clearly indicated.

Payment

If taxes are owed, payment should be included unless already made electronically. Checks or money orders should be payable to the Tennessee Department of Revenue and include the taxpayer’s account number, tax type, and filing period.

Tennessee imposes a late filing penalty of 5% per month, up to 25% of the unpaid tax. Interest accrues on unpaid balances at a rate updated annually. As of 2024, the interest rate is 7.5% per year. To avoid penalties, payments should be postmarked by the due date. If full payment is not possible, taxpayers may need to arrange a payment plan with the Department of Revenue.

Attachments

Certain filings require additional documentation. Businesses submitting franchise and excise tax returns may need to include a copy of their federal tax return (Form 1120 for corporations or Form 1065 for partnerships).

Taxpayers claiming credits, such as the Jobs Tax Credit or Industrial Machinery Credit, must provide supporting documentation. Sales and use tax filers claiming exemptions must include exemption certificates. Amended returns should include explanations and supporting records. Properly organizing attachments helps prevent processing delays.

Submitting by Mail

Ensuring tax documents reach 500 Deaderick Street without issues requires proper mailing procedures. Using a large envelope instead of folding documents can prevent smudging or misalignment of critical information, such as barcodes and taxpayer identification numbers.

Selecting a reliable mailing service is important. While standard first-class mail may suffice, certified mail with return receipt requested provides proof of mailing and delivery. Private carriers like UPS or FedEx are options for larger submissions, but taxpayers should confirm that the carrier delivers to P.O. boxes if applicable.

Verifying Receipt

Confirming that tax documents and payments have been received helps prevent penalties from lost or delayed mail.

The Tennessee Taxpayer Access Point (TNTAP) allows taxpayers to check the status of filings and payments online. If a submission has been processed, TNTAP will reflect the updated balance or confirmation.

For those using certified mail or private couriers, tracking numbers can confirm delivery. If a submission does not appear in TNTAP within a reasonable timeframe, contacting the Department of Revenue may be necessary.