Georgia Corporate Tax Return

Corporate Tax Return
GA600S
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Georgia Form 600

(Rev. 07/07/23)

Page 1

Corporation Tax Return
Georgia Department of Revenue (Approved web version)

2023

Income Tax Return

Beginning
Ending

2024

Original Return
Amended Return
Amended due to IRS Audit

Net Worth Tax Return

Final Return (Attach explanation)
Composite Return Filed

Beginning

Initial Net Worth
Address Change
Name Change

C Corp Last Year
Extension

PL 86-272
QSSS Exempt

S Corporation elects to pay the tax
at the entity level

UET Annualization Exception attached

Ending
A. Federal Employer ID Number

B. Name (Corporate title) Please give former name if applicable.

C. GA Withholding Tax Acct. Number

D. Business Street Address

Payroll WH Number

Nonresident WH Number

E. GA Sales Tax Reg. Number

J. NAICS Code

F. City or Town

K. Date of Incorporation

O. Location of Records for Audit: City

G. State

L . State of Incorporation

State

M. Date admitted into GA

H. ZIP Code

I. Foreign Country Name

N. Type of Business

Country

P. Corporation’s Telephone Number
SELECT

Q. Total Shareholders R. Total Nonresident S. Amount of nonresident withholding
Shareholders
tax paid by the S Corporation

T. Latest taxable year
adjusted by IRS

V. S Corporation Representative’s Name

X. S Corporation Representative’s
Email Address

W. S Corporation Representative’s
Telephone Number

COMPUTATION OF GEORGIA TAXABLE INCOME AND TAX

1.
2.
3.
4.
5.
6.
7.

(ROUND TO NEAREST DOLLAR)

Georgia Net Income (from Schedule 5, Line 7) .................................................................................
Additional Georgia Taxable Income (See Instructions).............................................................
Total Income (Add Lines 1 and 2).............................................................................................
Georgia Net Operating Loss Deduction (from Schedule 10; See IT-611S instructions for 80% limitation)
Passive Loss/Capital Loss Deduction (attach Schedule); See IT-611S instructions.................
Total Georgia Taxble Income (Line 3 less Lines 4 and 5).........................................................
Income Tax (5.75% x Line 6).....................................................................................................

COMPUTATION OF NET WORTH RATIO(to be used by Foreign Corporations only)

Total value of property owned (Total assets from Federal balance sheet)
Gross receipts from business ....................................................................
Total (Add Lines 1 and 2)............................................................................
Georgia ratio (Divide Line 3A by 3B).........................................................

1.
2.
3.
4.

SCHEDULE 1

1.
2.
3.
4.
5.
6.
7.

(ROUND TO NEAREST DOLLAR)

A. WITHIN GEORGIA

1.
2.
3.
4.

U. And when reported to Georgia

0
SCHEDULE 2

B. TOTAL EVERYWHERE

C. GA (A/B) DO NOT
ROUND COMPUTE TO
SIX DECIMALS

1.000000

Georgia Form 600S/2023

Page 2

(Corporation) Name

FEIN

COMPUTATION OF NET WORTH TAX

1.
2.
3.
4.
5.
6.
7.

(ROUND TO NEAREST DOLLAR)

COMPUTATION OF TAX DUE OR OVERPAYMENT

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

Total Tax (Schedule 1, Line 7 and Schedule 3, Line 7) ........
Credits and payments of estimated tax .................................
Credits used from Schedule 11*(Must be filed electronically)
Withholding Credits (G2-A, G2-LP and/or G2-RP) ..............
Balance of tax due (Line 1, less Lines 2, 3 and 4 ) ................
Amount of overpayment (Lines 2, 3 and 4 less Line 1) ........
Interest due (See instructions) .................................................
Form 600 UET (Estimated tax penalty) .................................
Other penalty due (See instructions) .....................................
Amount Due (See instructions).........................................

0
0
SCHEDULE 4

B. Net Worth Tax

0

0

Refund

Amount to be credited to 2024 estimated tax (Line 6 less Lines 7-9)

COMPUTATION OF GEORGIA NET INCOME

6.
7.

(ROUND TO NEAREST DOLLAR)
A. Income Tax

SCHEDULE 3

1.
2.
3.
4.

Total Capital stock issued ......................................................................................................
Paid in or Capital surplus ......................................................................................................
Total Retained earnings..........................................................................................................
Net Worth (Total of Lines 1, 2, and 3) ...................................................................................
1.000000
Ratio (GA and Dom. For. Corp.-100%) (Foreign Corp. - Line 4, Sch. 2) ........ 5.
Net Worth Taxable by Georgia (Line 4 x Line 5) ....................................................................
Net Worth Tax (from table in instructions) ..............................................................................

C. Total

1.
2.
3.
4.
5.

0

0

6.
7.
8.
9.
10.
11.

0
0
0
0
SCHEDULE 5

(ROUND TO NEAREST DOLLAR)

1. Total Income for Georgia purposes (Line 11, Schedule 6) .........................................................................

1.

2. Income allocated everywhere (Must Attach Schedule) .............................................................................

2.

3. Business Income subject to apportionment (Line 1 less Line 2) ...............................................................

3.

0

5.
6.
7.

0

4. Georgia Ratio (Schedule 9, Column C) ...............................................................4.

1.000000

5. Net business income apportioned to Georgia (Line 3 x Line 4) ...................................................................
6. Net income allocated to Georgia (Attach Schedule) ....................................................................................
7. Georgia Net Income (Add Line 5 and Line 6) .............................................................................................
COMPUTATION OF TOTAL INCOME FOR GEORGIA PURPOSES

0
SCHEDULE 6

(ROUND TO NEAREST DOLLAR)

1. Ordinary income (loss) per Federal return.................................................................................................
2. Net income (loss) from rental real estate activities ....................................................................................
3. a. Gross income from other rental activities ...............................
3a.
b. Less: expenses .......................................................................

0

1.
2.

3b.
4 a.
4b.
4c.

d. Net short-term capital gain (loss) ...................................................
e. Net long-term capital gain (loss) .....................................................
f. Other portfolio income (lloss) ..........................................................

4d.
4e.
4f.

Net gain (loss) under section 1231 .............................................................................................................
Other Income (loss) .....................................................................................................................................
Total Federal Income (Add Lines 1 through 6) ..........................................................................................
Additions to Federal Income (Schedule 7)..................................................................................................

5.
6.
7.
8.

0

0

5.
6.
7.
8.

3 c.

0

c. Net business income from other rental activities (Line 3a less Line 3b) ...............................................
4. Portfolio income (loss):
a. Interest Income ...............................................................................
b. Dividend Income .............................................................................
c. Royalty Income ................................................................................

9. Total (Add Line 7 and Line 8).........................................................................................................................

9.

10. Subtractions from Federal Income (Schedule 8) .........................................................................................

10.

11. Total Income for Georgia purposes (Subtract Line 10 from Line 9) ............................................................

11.

*NOTE: Any tax credits from Schedule 11 may be applied against income tax liability only, not net worth tax liability.

0

Georgia Form 600S/2023

Page 3

(Corporation) Name

FEIN

ADDITIONS TO FEDERAL TAXABLE INCOME
1.
2.
3.
4.
5.

SCHEDULE 7

(ROUND TO NEAREST DOLLAR)

State and municipal bond interest (other than Georgia or political subdivision thereof) ...................
Net income or net profits taxes imposed by taxing jurisdictions other than Georgia ........................
Expense attributable to tax exempt income ........................................................................................
Reserved.............................................................................................................................................
Intangible expenses and related interest costs ................................................................................

1.
2.
3.
4.
5.

6. Captive REIT expenses and costs ......................................................................................................

6.

7. Other Additions (Attach Schedule) .....................................................................................................

7.

8. TOTAL - Enter here and on Line 8, Schedule 6 .................................................................................

8.

SUBTRACTIONS FROM FEDERAL TAXABLE INCOME

SCHEDULE 8

(ROUND TO NEAREST DOLLAR)

1. Interest on obligations of United States (must be reduced by direct and indirect interest expense) ..........
2. Exception to intangible expenses and related interest costs (Attach IT-Addback) .....................................
3. Exception to captive REIT expenses and costs (Attach IT-REIT) ................................................................

1.
2.
3.

4. Other Subtractions (Must Attach Schedule) ................................................................................................
5. TOTAL- Enter here and on Line 10, Schedule 6...........................................................................................

4.
5.

APPORTIONMENT OF INCOME

SCHEDULE 9
A. WITHIN GEORGIA

B. EVERYWHERE

C. DO NOT ROUND COL (A)/ COL (B)
COMPUTE TO SIX DECIMALS

1. Gross receipts from business.............................................. 1.
2. Georgia Ratio (Divide Column A by Column B)..................... 2.

1.000000

A copy of the Federal Return and supporting schedules must be attached if filing by paper. No extension of time for filing will be allowed
unless a copy of the request for a Federal extension or Form IT-303 is attached to this return.

Make check payable to: Georgia Department of Revenue
Mail to: Georgia Department of Revenue, Processing Center, PO Box 740391, Atlanta, Georgia 30374-0391
DIRECT DEPOSIT OPTIONS
A. Direct Deposit (For U.S. Accounts Only) See booklet for further instructions. If Direct Deposit is not
. selected, a paper check will be issued.
Type: Checking
Savings

Routing
Number

Account
Number

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 the taxpayer, this declaration is
based on all information of which the preparer has knowledge.
By providing my e-mail address I am authorizing the Georgia Department of Revenue to electronically notify me at the below e-mail address regarding
any updates to my account(s).
E-mail Address:
Check the box to authorize the Georgia Department of Revenue to discuss the contents of this tax return with the named preparer.

SIGNATURE OF OFFICER

SIGNATURE OF INDIVIDUAL OR FIRM PREPARING THE RETURN

TITLE

FIRM PREPARING THE RETURN

DATE

IDENTIFICATION OR SOCIAL SECURITY NUMBER

Georgia Form 600S/2023

Page 4

FEIN

(Corporation) Name
GA NOL Carry Forward Worksheet

Current Year NOL Type:
(Only select one type of loss)
A

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.

Loss Year

Normal Loss
B

Loss Amount

SCHEDULE 10

(ROUND TO NEAREST DOLLAR)

Insurance Loss

Farm Loss

C

D

Income Year

NOL Utilized

E

Balance

1. NOL Carry Forward Available to Current Year.................................................................................
2. Current Year Income/(Loss) (Schedule 1, Line 3)............................................................................
3. NOL from Taxable Years Beginning before 1/1/2018 Applied to Current Year.................................
4. NOL from Taxable Years Beginning on or after 1/1/2018 Applied to Current Year
(Cannot exceed 80% of Line 2, see instructions for more information).............................................
5. Total NOL applied (Add Lines 3 and 4, Enter on Schedule 1, Line 4)...............................................
6. NOL Carry Forward Available to Next Year (Line 1 less Line 5 plus any loss amount on Line 2)....

F

Remaining NOL

0

0
0

INSTRUCTIONS
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 B less Column D).
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 remainder of the
schedule. Create photocopies as needed. See example worksheet in IT-611S instructions.

Georgia Form 600S/2023

Page 5

(Corporation) Name

FEIN

CREDIT USAGE AND CARRYOVER

(ROUND TO NEAREST DOLLAR)

SCHEDULE 11

TO
CLAIM
TAX
CREDITS YOU
MUST FILE
ELECTRONICALLY

Georgia Form 600S/2023

Page 6

(Corporation) Name
CREDIT ALLOCATION TO OWNERS

FEIN
(ROUND TO NEAREST DOLLAR)

TO

SCHEDULE 12

CLAIM
TAX
CREDITS YOU
MUST FILE
ELECTRONICALLY

Georgia Form 600S/2023

Page 7

(Corporation) Name

FEIN

ASSIGNED TAX CREDITS

(ROUND TO NEAREST DOLLAR)

SCHEDULE 13

TO
CLAIM
TAX
CREDITS YOU
MUST FILE
ELECTRONICALLY