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.
Download
Extracted Text for Proper Search
*NOTE: Any tax credits from Schedule 9 may be applied against income tax liability only, not net worth tax liability. Original Return .1 )7 eniL ,2 eludehcS dna ,8 eniL ,1 eludehcS( xaT latoT.1 .2 ...........xat detamitse fo stnemyap dna stiderC sseL.2 .3 ....................*6 eniL ,9 eludehcS morf stiderC sseL.3 .4 ....)PR2-G ro/dna PL-2G ,A-2G( stiderC gnidlohhtiW.4 .5 ..)4 dna ,3 ,2 seniL ssel ,1 eniL( eud xat fo ecnalaB.5 .6 )1 eniL ssel 4 dna ,3 ,2 seniL( tnemyaprevo fo tnuomA.6 .7 ..................................)snoitcurtsnI eeS( eud tseretnI.7 .8 .....................)ytlanep xat detamitsE( TEU 006 mroF.8 .9 ........................)snoitcurtsnI eeS( eud ytlanep rehtO.9 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 aigroeG ot detroper nehw dnA SRI yb detsujda raey elbaxat tsetal etacidnI 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. e_______________________________________ maN )noitaroproC( FEIN__________________________________________ 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. emaN noitaroproC 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 emaN noitaroproC 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 e_______________________________________ 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 e_______________________________________ maN )noitaroproC( FEIN__________________________________________
If you want to remove Georgia Corporation Tax Return Form from this website please contact us providing the reasons together with this url: https://formsarchive.com/georgia-corporation-tax-return-form/