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Georgia Corporation Tax Return Form

In the case of a corporation that is registered in the State of Georgia wanting to file its income tax returns, the following form has to be completed and submitted.

 

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*NOTE: Any tax credits from Schedule 9 may be applied against income tax liability only,  not net worth tax liability.	
Original  Return	
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10. Balance of tax, interest and penalty due with return                                                                          10.
  11.  	
Amount of Line 6 less Line 8 to be credited to 2013 estimated tax	
    1. Total  Capital  stock  issued ..................................................................................................... 1. 2. Paid  in  or  Capital  surplus ..................................................................................................... 2.
3. Total  Retained earnings ........................................................................................................ 3.
4. Net Worth (Total of Lines 1, 2, and 3) .................................................................................... 4.5. Ratio	
 (GA. and Dom. For. Corp.-100%) (Foreign Corp. - Line 4, Sch. 8)	...       5.
6. Net Worth Taxable by Georgia (Line 4 x Line 5 ) ................................................................... 6. 7. Net  Worth Tax  (from  table  in  instructions) ............................................................................. 7.	
2012 	 Income Tax Return
Beginning
Ending	
2013	Net  Worth  Tax  Return
Beginning
Ending	
Georgia Form	600	(Rev. 9/12)	
Corporation Tax Return	
Final 	(attach explanation)	
Address  Change
Name  Change	(attach  approval)Consolidated  GA  Parent  Return
GA  Consolidated  Subsidiary	
COMPUTATION OF TAX DUE OR OVERPAYMENT (ROUND TO NEAREST DOLLAR)                  SCHEDULE  3	
Consolidated  Parent  FEIN	
UET  Annualization
Exception  attached
IT-552  attached
Extension  attached	
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1. Federal  Taxable  Income 	
(Copy  of  Federal  return  and  supporting  schedules  must  be  attached) ....	1.
2. Additions  to  Federal  Income  (from  Schedule  4) ................................................................... 2. 3. Total  (add  Lines  1  and  2  ) ..................................................................................................... 3.
4. Subtractions  from  Federal  Income  (from  Schedule  5) ......................................................... 4.5. Balance  (Line  3  less  Line  4) ................................................................................................. 5.6. Georgia  Net  Operating  loss  deduction  (from  Schedule  11) ................................................. 6.7. Georgia  Taxable  Income  (Line  5  less  Line  6  or  Schedule  7,  Line  9) ................................... 7.8. Income Tax - (6% x Line 7) .................................................................................................... 8.	
COMPUTATION OF NET WORTH TAX (ROUND TO NEAREST DOLLAR)     SCHEDULE  2	
A. Federal Employer I.D. NumberName (Corporate title) Please give former name if applicable. E. Date of Incorporation
 C. GA. Sales Tax Registration Number   City  or  Town                                           State      Zip Code G. Date admitted into GA swal rednu detaroprocnI .F
)teertS dna rebmuN( sserddA ssenisuBrebmuN tnuoccA xaT gnidlohhtiW .AG .B
of  what  state
D. NAICS Code Location  of  Books  for  Audit  (city)  &  (state)         Telephone Number         H. Kind of Business	
COMPUTATION OF GEORGIA TAXABLE INCOME AND TAX (ROUND TO NEAREST DOLLAR)             SCHEDULE  1	
Refunded	
Page	
 
1	
Amended  Return Initial  Net  Worth
Amended  due  to
IRS  changes	
DIRECT DEPOSIT OPTIONS, SEE P	AGE 2 - SIGNA	TURE SECTION	
 A. Income Tax             B. Net Worth Tax                 C. Total	
Georgia  Department  of  Revenue  (Approved 	web 	version)

Email  Address:	
SIGNATURE  OF  OFFICERDATE                                SIGNATURE OF INDIVIDUAL OR FIRM PREPARING THE RETURN
 TITLE IDENTIFICATION  OR  SOCIAL  SECURITY  NUMBER	
  1.   Net business income (Schedule 1, Line 5) ........................................................................................... 1.
2. Income  allocated  everywhere  (Must  Attach  Schedule) ....................................................................... 2.
3. Business income subject to apportionment (Line 1 less Line 2) ......................................................... 3.4. Georgia Ratio (Schedule 6, Column C) ........................................ 4.
5. Net business income apportioned to Georgia (Line 3 x Line 4) ........................................................... 5.6. Net income allocated to Georgia (Attach Schedule) ............................................................................ 6.
7. Total of Lines 5 and 6 ............................................................................................................................ 7.8. Less:  net  operating  loss  apportioned  to  GA.  (from  Schedule  11) ....................................................... 8.
9. Georgia taxable income (Enter also on Schedule 1, Line 7 ) ............................................................... 9.
COMPUTATION OF GEORGIA NET WORTH RATIO (TO BE USED BY FOREIGN CORPS ONLY) SCHEDULE 8	
A. With	in GeorgiaB. Total Everywhere C. GA. ratio (A/B)	
1. Total  value  of  property  owned	  (Total  assets  from  Federal  balance  sheet)	
2. Gross  receipts  from  business  ..........................................................
3.Totals   (Line  1  plus  Line  2)................................................................        3.
4. Georgia  Ratio  (Divide  Line  3A  by  3B)................................................	
Georgia Form	 600/2012	Page  2	
Check  the  box
to authorize the
Georgia Department  of
Revenue
to  discuss  the
contents  of  this
tax return with
the named
preparer.	
  Georgia Public Revenue Code Section 48-2-31 stipulates that taxes shall be paid in lawful money of the United States, free of any expense to the State of Georgia. Declaration:I/We declare under the penalties of perjury that
           I/we have examined this return (including accompanying schedules and statements) and to the best of my/our knowledge and belief it is true, correct, and complete. If prepared by a person other than taxpayer, their declaration           is based on all information of which they have any knowledge.	
I authorize the Georgia Department of Revenue to electronically notify me at the below e-mail address regarding any updates to my account(s).	
Make  check  payable  to:   Georgia  Department  of  Revenue
Mail to:  Georgia Department of Revenue, Processing Center,  P.O. Box 740397, Atlanta, Georgia 30374-0397
DIRECT DEPOSIT OPTIONS
No extension of time for filing	  will  be  allowed  unless  a  copy  of  the  request  for  a  Federal  extension  or  Form  IT	-303  is  att	ached  to  this  return.	
  APPORTIONMENT OF INCOME           SCHEDULE  6
SUBTRACTIONS FROM FEDERAL TAXABLE INCOME
(ROUND TO NEAREST DOLLAR)        SCHEDULE  5
1. Interest  on  obligations  of  United  States  (must  be  reduced  by  direct  and  indirect  interest  expense) . 1. 2. Exception  to  intangible  expenses  and  related  interest  cost  (Attach  IT-Addback) .............................. 2. 3. Exception to captive REIT expenses and costs (Attach IT-REIT) ........................................................ 3.
4. Other  Subtractions  (Must  Attach  Schedule) ........................................................................................ 4.
  5. TOTAL - Enter also on LINE 4, SCHEDULE 1....................................................................................... 5. 1. State and municipal bond interest (other than Georgia or political subdivision thereof) ..................... 1.
2. Net  income  or  net  profits  taxes  imposed by  taxing  jurisdictions  other than  Georgia .......................... 2.
3. Expense attributable to tax exempt income .......................................................................................... 3.
  4. Net  operating  loss deducted  on  Federal r	
eturn .................................................................................... 4.
5. Federal deduction for income attributable to domestic production activities (IRC Section 199) ......... 5. 6. Intangible  expenses  and  related  interest  cost ..................................................................................... 6.
7. Captive REIT expenses and costs ........................................................................................................ 7.8. Other  Additions  (Attach  Schedule) ....................................................................................................... 8.
  9. TOTAL - Enter also on LINE 2, SCHEDULE 1 ........................................................................................ 9.
1. Gross  receipts  from  business.......................................        1.	
COMPUTATION OF GEORGIA NET INCOME (ROUND TO NEAREST DOLLAR)SCHEDULE 7	
  2 . Georgia Ratio (Divide Column A by Column B)...............        2.	
COL (A)/ COL (B)
COMPUTE TO SIX DECIMALS	
ADDITIONS TO FEDERAL TAXABLE INCOME (ROUND TO NEAREST DOLLAR)        SCHEDULE  4	
1.
2.
 4.
     
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A. WITHIN GEORGIA         B. EVERYWHERE         C.  DO NOT ROUND	
A  Copy  of  the  Federal  Return  and  supporting  Schedules  must  be  attached,  otherwise  this  return  shall  be  deemed  incomplete.	
(For U.S. Accounts Only)	A.  Direct  Deposit                                       Type: Checking	NumberAccount
Number           B. Paper Check	See  booklet  for  further  instructions.
                  SavingsRouting

See  pages  16  through  21  for  a  list  of  available  credits  and  their  applicable  codes.   You  must  list  the  appropriate  credit  type code  in
the space provided.  If you claim more than four credits, attach a schedule.  Enter the total of the additional schedule on Line 5. If the
tax  credit  is  flowing  or  being  assigned  into  this  corporation  from  another  corporation,  please  enter  the  name  and  FEIN  of  the corporation  where  the  tax  credit  originated.    If  the  credit  originated  with  the  corporation  filing  this  return,  enter  “Same”  in  the  spacesfor corporation and FEIN.
  1.                                1.
2. 2.
3. 3.
4. 4.
5. Enter  the  total  from  attached  schedule(s) ...................................................................................... 5. 6. Enter the total of Lines 1 through 5 here and on Schedule 3, Line 3, Page 1 ............................... 6.	
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edoC epyT tiderC FEINAmount of Credit	
If  this  corporation  and  its  affiliates  to  whom  credits  are  being  assigned  are  filing  as  part  of  a  Georgia
consolidated return, you must provide the name and FEIN of the corporation under which the consolidatedGeorgia  return  is  being  filed  to  ensure  that  the  tax  credits  are  properly  applied.
Corporation: ____________________________________________ FEIN __________________
Georgia Code Section 48-7-42 provides that in lieu of claiming any Georgia income tax credit for which a taxpayer otherwise is eligible for  the  taxable  year,  the  taxpayer  may  elect  to  assign  credits  in  whole  or  in  part  to  one  or  more  “affiliated  entities”.   The  term  “affiliatedentities”  is  defined  as:
1) A corporation that is a member of the taxpayer’s affiliated group within the meaning of Section 1504(a) of the Internal Revenue Code;  or
2) An  entity  affiliated  with  a  corporation,  business,  partnership,  or  limited  liability  company  taxpayer,  which  entity: (a)  Owns  or  leases  the  land  on  which  a  project  is  constructed;(b) Provides capital for construction of the project; and (c)  Is  the  grantor  or  owner  under  a  management  agreement  with  a  managing  company  for  the  project.
No carryover attributable to the unused portion of any previously claimed or assigned credit may be assigned or reassigned, except if the assignor and the recipient of an assigned tax credit cease to be affiliated entities, then any carryover attributable to the unused portion
of  the  credit  is  transferred  back  to  the  assignor  of  the  credit.    The  assignor  is  permitted  to  use  any	
  such  carryover  and  also  shall  be
permitted to assign the carryover to one or more affiliated entities, as if such carryover were an income tax credit for which the assignor
became eligible in the taxable year in which the carryover was transferred back to the assignor.  In the case of any credit that must be claimed in installments in more than one taxable year, the election under this subsection may be made on an annual basis with respectto  each  such  installment.    For  additional  information,  please  refer  to  Georgia  Code  Section  48-7-42.
If the corporation filing this return is assigning tax credits to other affiliates, please provide detail below specifying where the tax credits are  being  assigned.
All assignments of credits must be made before the statutory due date (including extensions) per O.C.G.A. § 48-7-42 (b).	
ASSIGNED TAX CREDITS (ROUND TO NEAREST DOLLAR)SCHEDULE  10
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edoC epyT tiderC      FEINAmount of Credit	
   1.                            1.
2.  2.
3.  3.
4.	
 4.	
CLAIMED TAX CREDITS (ROUND TO NEAREST DOLLAR)SCHEDULE  9
Georgia Form	
 600/2012	Page  3	
     
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maN )noitaroproC(                           FEIN__________________________________________

Loss Year   Loss Amount           Income Year          NOL Utilized              Balance Remaining NOLINSTRUCTIONS	
Column A: List the loss year(s).
Column B:  List the loss amount for the tax year listed in Column A.
Columns C & D:  List the years in which the losses were utilized and the amount utilized each year.
Column E:  List the balance of the NOL after each year has been applied.
Column F:  List the remaining NOL applicable to each loss year.
Total the remaining NOL (Col. F) and enter in the space at the bottom of the worksheet for “NOL Carry Forward Available to
Current Year”.  Then insert “Current Year Income / (Loss)” in the space provided and compute the “NOL Carry Forward Available
to Next Year” in the last space.  DO NOT check the box for IT 552 on the return if Schedule 11 is used.
Create photocopies as needed.  See example worksheet on page 11.
2.	
1.
10. 11.
13. 14.
18.
20. 3.
4. 5.
6.
7.
8.
9.
12.
15.
16. 17.
19.	
   A      B CD E F
 For calendar year or fiscal year beginning     
 and ending	
GA  NOL  Carry  Forward  Worksheet (ROUND TO NEAREST DOLLAR)SCHEDULE  11	
  1. NOL Carry Forward Available to Current Year (Enter on Schedule 1, Line 6 or Schedule 7, Line 8)
2. Current Year Income / (Loss)
3. NOL Carry Forward Available to Next Year (Subtract Line 2 from Line 1)	
Georgia Form	 600/2012	Page  4	
     
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maN )noitaroproC(                           FEIN__________________________________________
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