Georgia Corporate Income Tax and Net Worth Tax Return

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Margaret Carpenter
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1 GAGen Georgia Corporate Income Tax and Net Worth Tax Return General Information GAGen (06) GA Return(s) filed ( = Income and net worth, = Income only, = Net worth only) Initial net worth return Form 600S-CA required for all shareholders (S Corp) Explanation for final return Explanation of Public Law 86-7 Consolidated return (C Corp) Member of consolidated return (C Corp) 6 Parent name 7 Parent federal ID number 8 C Corporation last year (S Corp) 0 QSSS Exempt (S Corp) Former name 9 Georgia payroll withholding tax account number Georgia nonresident withholding account number (S Corp) Georgia sales tax registration number Date admitted into Georgia (If different from date of incorporation) 8 Location of books for audit (If different from mailing address) Address 0 City, state, zip code Foreign country (Electronic filing only) 7 Kind of business (If different from business activity) 9 If prior year return examined by IRS: Latest taxable year adjusted 0 Date reported to Georgia Georgia Department of Revenue may discuss return with preparer ( = Yes, = No) (If different from federal) Georgia Department of Revenue may send notifications to address ( = Officer, = Preparer, = No notification) General footnote 8

2 GAAdj Georgia Adjustments Additions GAAdj (06) GA Georgia corporate taxable income (S Corp/Force) State and municipal bond interest Net income or net profits taxes imposed by states other than Georgia Expenses attributable to tax exempt income Intangible expenses and related interest costs Captive REIT expenses and costs Other additions 6 7 Subtractions Exception to intangible expenses and related interest costs Exception to captive REIT expenses and costs Other subtractions Sale or Exchange of Section 79 Property (S Corp) Gain (loss) reported separately from federal Schedule K, Line 7d Section 79 included in gain (loss) Calculated Amount Force

3 GACB Georgia Net Operating Loss Carryback Carryback Adjustment GACB (06) GA Carryback period for net operating loss ( = Year Carryback, = Year Carryback, = Year Carryback) Carryback information: Net operating loss (Force) Net capital loss (Force) Explanation of all corporate title changes Date permission was granted to change accounting period Date of dissolution Financial institution required to file Form 900 with Georgia Print officer title Unpaid taxes Taxable Year Amount Assessed Amount Paid Unpaid Tax Unpaid Interest Tax year ended rd Preceding Year If different from 60/8/6// months prior to current year end nd Preceding Year st Preceding Year 8 Taxable income Loss carrybacks: Net operating loss Capital loss (Force) Income tax 6 BEST credits 7 Before Carryback After Carryback Before Carryback 6 7 After Carryback 9 0 Before Carryback After Carryback

4 GAPmt Georgia Payments and Extension Payments GAPmt (06) GA Prior year overpayment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment th payment Paid with extension: (For Page of the return) Income tax Net worth tax Extension Date Paid Payments allocated to this return (Applies to consolidated members only) Payments allocated to consolidated return (Applies to consolidated members only) Amount Paid Calculated Amount Calculated Amount Force Calculate extension = Use 00% of current year liability; federal Form 700 = Use 90% of current year liability; federal Form 700 = Use 00% of current year liability; Form IT-0 = Use 90% of current year liability; Form IT-0 Extension signature ( = Officer, = Preparer) Reason for extension Extended due date (For filing Instructions, penalties and interest calculations) Balance due on extension (Force) Income tax Net worth tax

5 GAEst Georgia Estimates Overpayment Application GAEst (06) GA Application of current year overpayment = Refund 00% of overpayment = Apply 00% of overpayment to next year's estimate; refund excess = Apply to first estimate; refund excess = Apply equally to each estimate; refund excess Amount for code # or #8 = Apply amount specified below to estimates until exhausted; refund excess 6 = Apply to first and second estimates; refund excess 7 = Apply 00% of overpayment to next year's estimates; no refund 8 = Apply amount below Estimates Form 60ES - declaration for next year = Use current year liability; if less than $,00 use zero = Use current year liability adjusted by amount below = Use current year liability even if less than $,00 Amount for code # Amounts for code #, #9 or next year estimates paid: st payment nd payment rd payment th payment Number of estimates desired Amount to round up each estimate Tax year change? ( = Yes, = No) = Use amounts entered below, before overpayment 8 = Use tax liability from Tax Projection Worksheet 9 = Use amounts entered below (If applying overpayment, only use code 7 or 8) Amounts for Code # or #9 9 0 Next Year Estimates Paid

6 GANOL Preceding Tax Year Georgia Net Operating Loss Carryover Net Operating Loss Carryover Prior Year(s) Income (Income Offset) (Loss) NOL Utilized NOL Carryback Force GANOL (06) GA6 Net operating loss footnote Use these fields to calculate the consolidated net operating loss deduction (Applies to consolidated clients only) 7

7 GA77 Georgia IRC 77(a)() Election General Information GA77 (06) GA7 Calculate Georgia 77(a)() election Date of shareholder termination Additions and Subtractions State and municipal bond interest Net income or net profits taxes Expenses attributable to tax exempt income Deduction for income attributable to domestic prod activities Intangible expenses and related interest costs Captive REIT expenses and costs Other additions Interest on obligations of United States Exception to intangible expenses and related interest costs Exception to captive REIT expenses and costs Other subtractions Allocation Income allocated everywhere Net income allocated to Georgia Other Gain/loss reported separately from Sch K, line 7d 0

8 GAPen Georgia Penalties and Interest Penalties and Interest GAPen (06) GA0 Date return filed (If different from original due date of return) Prior year tax Prior year net worth tax (For tax accrual only) Prior year less than months (If different from federal) Suppress penalties on return: Underpayment of estimated tax Late payment interest Failure to file Failure to pay Annualized Income Installment Method Tax on annualized current year income / - / / - / 9 0 / - 8/

9 GAPOA Georgia Power of Attorney General Information GAPOA (06) GA NOT revoking prior power of attorney Signing witness for designation other than attorney or CPA ( = Two disinterested witnesses, = Notary public) Representative name Representative address City, state, zip code Designation State where licensed Telephone number Fax number address License Representative name Representative address City, state, zip code Designation State where licensed Telephone number Fax number address License Representative and Appointee Information Tax Matters Information Authorized tax matters (Specify the type(s) of tax and year(s) or period(s)) Acts not granted to representative: Receive refund checks Execute waivers Execute consents Receive all notices Represent taxpayer, file appeals, execute claims Receive confidential information Delegate authority, substitute representative Do lawful acts concerning these matters Other acts:

10 GAELF Georgia Electronic Filing General Information By using a computer system and software to prepare and transmit my client's return electronically, I consent to the disclosure to the State of Georgia of all information pertaining to use of my system and software to create my client's return and to the transmission of my client's return electronically. Suppress Georgia electronic file when filing federal return electronically Form 8 C or 8 S has already been signed and returned (Links to Utilities > Electronic Filing Status) Signature date (If different from federal) ERO signature date (If different from return signature date or federal ERO signature date) Electronic funds withdrawal for balance due returns: Requested payment date (Mandatory if using the electronic funds withdrawal method) Amount of tax payment (Force) For amended returns: Electronic funds withdrawal for balance due returns: Requested payment date (Mandatory if using the electronic funds withdrawal method) Amount of tax payment (Force) Credit card Name control Calculated Value 6 7 GAELF (06) Force GA

11 GASRLY Georgia Separate Return Limitation Years GASRLY (06) GA8 Limitation Years Enter an X to indicate a separate return limitation year. The program uses this information to calculate net operating loss carryover amounts for combined returns. Preceding Tax Year Preceding Tax Year Preceding Tax Year Preceding Tax Year Member's Cumulative Contributions Member's contribution to consolidated taxable income (Force) Consolidated Net Operating Loss Carryback Taxable income (loss) (Force)

12 GAAffil Georgia Affiliate Information General Information GAAffil (06) GA0 Complies with Georgia regulation ()(b) ( = Yes, = No) Designated member information: Federal EIN Company name Company address City, state, zip code 6 7 County 8 Loss being carried forward from prior year ( = Yes, = No) Represented through power of attorney ( = Yes, = No) Corporation in Georgia group owning or being owned by entities not in Georgia group Interest expense from affiliates not in Georgia group General and administrative expenses incurred for corporation not included in Georgia group ( = Yes, = No) General and administrative expenses directly related to entities not in Georgia group General and administrative expenses directly related to Georgia group Reason not to apportion remaining general and administrative expenses Other expenses incurred for an entity not included in Georgia group Reimbursement expenses for an entity not included in Georgia group Reimbursement received from entity not in Georgia group ( = Yes, = No)

13 GABank Georgia Direct Deposit and Electronic Funds Withdrawal Account Information GABank (06) GA Suppress direct deposit of refund Name of financial institution Routing transit number Account number Type of account ( = Checking, = Savings) Non-US financial institution 6

14 GACr Georgia Credits Credits GACr (06) GA Code Credit Name Available Credit Assigned Credit J Basic skills Employee retraining Jobs Child care property Employee child care Manufacturer investment Optional investment Qualified transportation Low income housing Diesel emission reduction Business vehicle Research Headquarters Port activity job M Port activity investment Bank tax 6 Low emission vehicle 7 Zero emission vehicle 8 New facilities jobs 9 Electric charger 0 New facilities property Rehabilitation Film Land conservation Qualified education 6 Seed capital fund 7 Clean energy property 8 Wood residuals 9 Qualified health 0 Quality jobs Alternate port activity Qualified investor Film Alternative fuel HD vehicle Withholding credit 6

15 GAAmend IRS audit Explanation of changes Georgia Amended Return General Information Amounts as Previously Reported GAAmend (06) 7 GA Transfer original information Tax paid with (or after) original return Overpayment on original return Amended Amounts Interest Underpayment penalty Other penalty Overpayment to be applied 0 9 Income Tax 6 8 Net Worth Tax

16 GACAmend Explanation of changes Georgia Amended Return General Information Amounts as Previously Reported GACAmend (06) GA Transfer original information Tax paid with (or after) original return Overpayment on original return Amended Amounts Interest Penalty for late file Penalty for late pay Overpayment to be applied 6 7 8

17 GAKSep Georgia Shareholders' Separately Stated Items Description Section A Amount GAKSep (06) GA

18 GAWH Georgia Nonresident Withholding General Information GAWH (06) GA7 Social Security Number change Domestic employer with no GA tax withheld Adjustment to withholding tax Explanation for adjustment

19 GAWHAmnd Explanation of changes Georgia Amended Withholding Return General Information Amounts as Previously Reported GAWHAmnd (06) GA8 Transfer original information Tax paid with (or after) original return

20 GA77- Georgia IRC 77(a)() Election, Page Credits GA77- (06) GA9 Code J M Credit Name Basic skills credit Employee retraining credit Jobs tax credit Child care property credit Employee child care credit Manufacturer investment credit Optional investment credit Qualified transportation credit Low income housing credit Diesel remission reduction Business vehicle credit Research tax credit Headquarters tax credit Port activity job credit Port activity investment credit Bank tax credit Low emission vehicle credit Zero emission vehicle credit New facilities jobs credit Electric charger credit Facilities property credit Rehabilitation credit Film tax credit Land conservation credit Qualified education credit Seed capital fund credit Clean energy property credit Wood residuals credit Qualified health credit Quality jobs credit Alternate port activity tax credit Qualified Investor Tax Credit Film Tax Credit Alternative fuel HD vehicle

21 GAFIGen Georgia Financial Institution Tax Return General Information GAFIGen (06) GA0 Filing financial institution business occupation tax return Form of incorporation ( = Federal, = State, = Mutual) County General footnote

22 GAFIAmnd Georgia Amended Financial Institution Tax Return General Information GAFIAmnd (06) GA Explanation of changes Amounts as Previously Reported Transfer original information Tax paid with (or after) original return Amended Amounts Interest

23 GAFIAdj Georgia Financial Institution Income and Adjustments Gross Receipts GAFIAdj (06) GA Gross receipts Exclusions from gross receipts: Interest on US government obligations Interest on GA state and municipal obligations Income derived from a domestic international banking facility Additions to Gross Receipts Enter amounts not included in gross receipts Net income from service corporations Profit from sale of assets Other receipts 6 7 Deductions from Gross Receipts Total interest paid on deposits Total interest paid on other liabilities Adjustments to total interest paid Operating costs of buildings housing financial institution operations 8 9 0

24 GAFIPen Georgia Financial Institution Penalties General Information GAFIPen (06) GA Date return filed (If different from original due date of return) Prior year business occupation tax (For tax accrual only) Suppress late interest on return

25 GAFICr Georgia Financial Institution Credits Credits to be Claimed on Corporate Tax Return GAFICr (06) GA Business license taxes paid

26 GAAlloc Georgia Allocation Allocation of Income GAAlloc (06) GA0 Allocated net income Georgia Everywhere

Rhode Island Business Corporation Tax Return

RIGen Rhode Island Business Corporation Tax Return General Information RIGen (06) RI Initial return (If different from federal) Final return (If different from federal) Based on Proforma Q-Sub(s) included