167.part1.rar -

It is highly recommended to make a copy of any signed, amended, or revised tax forms before returning them to the auditor. 3. Related Tax Considerations (As of 2025-2026)

Franchise tax is calculated based on the taxpayer's net worth, which is total assets minus total liabilities, derived from records. 4. Best Practices

In Tennessee, any tax return open under the statute of limitations is subject to either a field audit or an office audit.

Taxpayers are often requested to provide pertinent pages from the federal RAR, along with schedules detailing changes affecting the specific taxpayer.

"RAR" stands for Revenue Agent Report, which details changes resulting from a federal tax examination.