Georgia Nonresident Composite Tax Return

Nonresident Composite Tax Return
TSD_GEORGIA_NONRESIDENT_COMPOSITE_TAX_RETURN_ITCR
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IT CR (Rev. 07/23/24)

Georgia Nonresident
Composite Tax Return

Partners and Shareholders

2024

Page 1
Tax Year Beginning
Tax Year Ending
Amended

Partnership Return Filed

Address Change

S Corp Return Filed

UET Penalty Exception

Extension Attached

A. Federal Employer ID No.

Legal Name (please include former legal name if applicable)

B. GA Nonresident WH number

Business Address (Number and Street)

(if applicable)

C. NAICS Code

Total Number of Nonresidents

Location of Records for Audit (City)

COMPUTATION OF TAX ON GEORGIA TAXABLE INCOME

Type of Business

City or Town

State

Number of Nonresidents included in this return

Representative’s Name

Name Change

State

Country
SELECT

Telephone Number

Representative’s Telephone Number

Representative’s Email Address

(ROUND TO NEAREST DOLLAR)

1. Tax from your schedule (Attached) ...............................................................................

1.

Credits used (See Schedule 2, Page )...........................................................................

2.

3. Balance (Line 1 less Line 2. If Line 2 is greater than Line 1, enter 0) ...............................

3.

4. Interest due (See instructions).......................................................................................

4.

2.

Zip Code

SCHEDULE 1

0

5. Penalties due (See instructions)....................................................................................
a. UET Penalty........................................................................................................

5a.

b. Penalties for late file...........................................................................................

5b.

c. Penalties for late pay ..........................................................................................

5c.

d.Total of Lines 5a. thru 5c. ...................................................................................

5d.

0

6.

0

6. Add Lines 3, 4, and 5d. ................................................................................................

Georgia Form

IT CR

Page 2
(Entity) Name
COMPUTATION OF TAX ON GEORGIA TAXABLE INCOME

FEIN
(ROUND TO NEAREST DOLLAR)

7. Less: Payments and Withholding Credits and Refundable Credits................................
a. Estimated payments from Form CR-ES and returns...........................................

7a.

b. Payments made with extension .........................................................................

7b.

c. Previous year carry forward.................................................................................

7c.

d. Withholding Credits (G2-A, G2-RP, and/or G2-LP).............................................

7d.

e. Schedule 2B Refundable tax credits....................................................................

7e.

f. Total of Lines 7a. thru 7e. ...................................................................................

7f.

8. If Line 6 is greater than Line 7f. subtract Line 7f. from Line 6. (B.a.lance due) .............

8.

9. If Line 7f. is greater than Line 6, subtract Line 6 from Line 7f. (Overpayment) ............

9.

10. Amount of Line 9 to be credited to estimated tax .........................................................

10.

11. Amount of Line 9 to be refunded ..................................................................................

11.

SCHEDULE 1

0

0

Mailing Address: Georgia Department of Revenue, Processing Center, P.O. Box 740320, Atlanta, GA. 30374-0320

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).

Taxpayer’s E-mail Address
Check the box to authorize the Georgia Department of Revenue to discuss the contents of this tax return with the preparer of this tax return.

Signature of Officer

Signature of Individual or Firm Preparing the Return

Title

Firm Preparing the Return

Date

Preparer’s Phone Number

Preparer’s FEIN/SSN/PTIN

Georgia Form

Page 3

IT CR

(Entity) Name
CREDIT USAGE AND CARRYOVER

FEIN
SCHEDULE 2

(ROUND TO NEAREST DOLLAR)

1. Complete a separate schedule for each Credit Code.
2. Total the amounts on Line 12 of each schedule and enter the total on the credit line of the return.
3. If there is a credit eligible for carryover, please complete a schedule even if the credit is not used for this tax year.
4. See the instructions for a list of credit codes.
5. See the relevant forms, statutes, and regulations to determine how the credit is allocated to the owners, to determine when carryovers expire, and to
see if the credit is limited to a certain percentage of tax.
6. If the credit for a particular credit code originated with more than one person or company, enter separate information on Lines 3 through 9 below.
7. The credit certificate number is issued by the Department of Revenue for credits that are preapproved. If applicable, please enter the Department of
Revenue credit certificate number where indicated.
8. Before the Line 13 carryover is applied to the next year, the amount must be reduced by any carryovers that have expired.
For the credit generated this tax year, list the Company Name, ID Number, and Credit Certificate number if applicable. Purchased credits
should also be included. If the credit originated with this taxpayer, enter this taxpayer's name and ID# below.

1. Credit Code SELECT
2. Credit remaining from previous years
3. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

4. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

5. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

6. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

7. Company Name
Credit Certificate #

Credit Generated
this Tax Year

8. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

9. Company Name
Credit Certificate #
10. Total available credit for this tax year (sum of Lines 2 through 9)
11. Enter the amount of the credit sold (only certain credits can be sold, see instructions)
12. Credit used for this tax year (enter here and on Line 2, Schedule 1)
13. Potential carryover to next tax year (Line 10 less Lines 11 and 12)

Credit Generated
this Tax Year
10.
11.
12.
13.

0

Georgia Form

Page 4

IT CR

(Entity) Name
CREDIT USAGE AND CARRYOVER

FEIN
SCHEDULE 2

(ROUND TO NEAREST DOLLAR)

1. Complete a separate schedule for each Credit Code.
2. Total the amounts on Line 12 of each schedule and enter the total on the credit line of the return.
3. If there is a credit eligible for carryover, please complete a schedule even if the credit is not used for this tax year.
4. See the instructions for a list of credit codes.
5. See the relevant forms, statutes, and regulations to determine how the credit is allocated to the owners, to determine when carryovers expire, and to
see if the credit is limited to a certain percentage of tax.
6. If the credit for a particular credit code originated with more than one person or company, enter separate information on Lines 3 through 9 below.
7. The credit certificate number is issued by the Department of Revenue for credits that are preapproved. If applicable, please enter the Department of
Revenue credit certificate number where indicated.
8. Before the Line 13 carryover is applied to the next year, the amount must be reduced by any carryovers that have expired.
For the credit generated this tax year, list the Company Name, ID Number, and Credit Certificate number if applicable. Purchased credits
should also be included. If the credit originated with this taxpayer, enter this taxpayer's name and ID# below.

1. Credit Code SELECT
2. Credit remaining from previous years
3. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

4. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

5. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

6. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

7. Company Name
Credit Certificate #

Credit Generated
this Tax Year

8. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

9. Company Name
Credit Certificate #

Credit Generated
this Tax Year

10. Total available credit for this tax year (sum of Lines 2 through 9)
11. Enter the amount of the credit sold (only certain credits can be sold, see instructions)
12. Credit used for this tax year (enter here and on Line 2, Schedule 1)
13. Potential carryover to next tax year (Line 10 less Lines 11 and 12)

Additional Schedule 2

10.
11.
12.
13.

0

Georgia Form

IT CR

SCHEDULE 2B
Page 5
(Entity) Name

REFUNDABLE TAX CREDITS

FEIN
SCHEDULE 2B

(ROUND TO NEAREST DOLLAR)

1. Complete a separate schedule for each Credit Code.
2. Total the amounts on Line 12 of each schedule and enter the total on the credit line of the return.
3. If there is a credit eligible for carryover, please complete a schedule even if the credit is not used for this tax year.
4. See the instructions for a list of credit codes.
5. See the relevant forms, statutes, and regulations to determine how the credit is allocated to the owners and to determine when carryovers expire.
6. If the credit for a particular credit code originated with more than one person or company, enter separate information on Lines 3 through 9 below.
7. The credit certificate number is issued by the Department of Revenue for credits that are preapproved. If applicable, please enter the Department of
Revenue credit certificate number where indicated.
8. Before the Line 13 carryover is applied to the next year, the amount must be reduced by any carryovers that have expired.
For the credit generated this tax year, list the Company Name, ID Number, and Credit Certificate number if applicable. Purchased credits
should also be included. If the credit originated with this taxpayer, enter this taxpayer's name and ID# below.
Note: A purchased Timber Tax Credit is not a refundable tax credit. Use Schedule 2 if the Timber Tax Credit was purchased.

1. Credit Code SELECT
2. Credit remaining from previous years
3. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

4. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

5. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year

6. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

7. Company Name
Credit Certificate #

Credit Generated
this Tax Year

8. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

9. Company Name
Credit Certificate #
10. Total available credit for this tax year (sum of Lines 2 through 9)
11. Enter the amount of the credit sold (only certain credits can be sold, see instructions)
12. Credit used for this tax year (enter here and on Line 7e, Schedule 1)
13. Potential carryover to next tax year (Line 10 less Lines 11 and 12)

Credit Generated
this Tax Year
10.
11.
12.
13.

0

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.
along dotted
dotted line
line
Cut along
MAIL TO:

CR PV

(Rev. 08/14/24)
Composite Return Payment

Processing Center
Georgia Department of Revenue
PO Box 740240
Atlanta, GA 30374-0240

2024
Name Change
FEI Number

Address Change
Tax Period Ending

Vendor Code

040

NAME AND ADDRESS

Under penalty of perjury, I declare that this return has been examined by me and to the best of my
knowledge and belief it is true, correct and complete. 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.

Signature
Telephone

Title
Date

PLEASE DO NOT STAPLE. REMOVE ALL CHECK STUBS.

07100000000002200000004000000000004

Amount Paid

$

Page 7

GENERAL INSTRUCTIONS

As an alternative to withholding on nonresident partners, shareholders or members, the Partnership, S Corporation or Limited Liability
Company may file a composite return. Permission is not required. Only nonresidents who are not otherwise required to file a return may
be included in the computation. However, an individual (a natural person) shall be allowed to be included on a composite return even if
he/she is otherwise required to file a return provided he/she uses option 1. You must create your own schedule for the computation of the
tax using the options described later in these instructions. Your schedule must also list any nonresident partner(s) or shareholder(s) not
included in the computation along with their identification number(s). See Regulation 560-7-8-.34 for more information.
UET Penalty Exception: Estimates are required if the composite tax exceeds $500 for the year. If the entity qualifies for an underestimated tax penalty exception, please check the UET Penalty Exception box and put the adjusted penalty on line 5a. Please use Form ITCR UET to compute the penalty. In accordance with O.C.G.A. § 48-2-32(f)(2), composite estimate taxpayers with quarterly payments of
$10,000 or more must pay electronically using the Georgia Tax Center (GTC). A penalty of 10% will be added if the payment is not
submitted electronically on GTC.
Due Dates: All due dates for composite returns, estimated tax and extensions are the same as those for individual filers unless the entity is
a fiscal year filer. A fiscal year entity should file its return within 3 ½ months of the fiscal year end.
Amended Returns: Amended composite returns must be filed during the same period as individual returns. Use Form IT-CR and check
the “Amended Return” box at the top.
Electing option 1 or 2: Individuals may elect one of the two options on a member-by-member basis. These options are described in the
instructions. Once the return is filed the election cannot be changed. The election of option 1 or 2 is made each year. Options 1 does
not allow for any adjustments to income such as self-employed health insurance, Keogh, SEP or any other adjustments normally
allowed in computing adjusted gross income.
Extensions: Georgia honors a Federal extension when the Georgia return is filed along with the Federal approval form on or before the
extended Federal due date. If it is not necessary to request a Federal extension, use Form IT-303 to request an extension to file
the Georgia return. Any tax due should be paid on Form IT-560C by the statutory due date; not the extended due date for filing the
related return.
Business Credits: Information about business tax credits is available on page 9. Enter the information as specified on each line of
Schedule 2 and/or 2B. With respect to Line 11, the “Tax Credit Summaries” on the Department’s website dor.georgia.gov includes
information regarding which credits can be sold.
Carryback of NOL: Losses on a composite return are not allowed to be carried back. Georgia did not adopt the revised net
operating loss provisions in the 2020 CARES Act and the modification to the Code Section 461(1) limitation in the 2020 CARES Act
(the I.R.C. Section 461(1) adjustment (limitation on losses for noncorporate taxpayers) is required in the same manner as was required
before the CARES Act).
Net operating losses (NOLs) for tax years 2018 and later that are applied to Georgia income cannot exceed 80% of Georgia income before
NOLs. Use the schedule below to compute the net operating losses that can be used in the current year. The following must be applied on
a member by member basis. See Regulation 560-7-8-.34 for more information regarding composite return NOLs.
NOL carry forward available for current year from years before 2018
NOL carry forward available for current year from years 2018 and later
Income before GA NOL
NOL from line 1 applied to current ye ar
NOL from line 2 applied to current year (cannot exceed 80% of Line 3)

6.

Total NOL applied - add Lines 4 and 5

____________
____________
____________
____________
____________
____________

PENALTIES AND INTEREST
A. Late filing of return-5% of the tax not paid by the original due date for each month or fractional part thereof-up to 25%.
B. Failure to pay tax shown on a return by due date-1/2 of 1% of the tax due for each month or fractional part thereof-up to 25%.
Note: The combined total of the penalty for late filing of return and penalty for failure to pay tax shown on a return cannot
exceed 25% of the tax not paid by the original due date.
C. Negligent underpayment of tax-5% of the underpayment.
D. Fraudulent underpayment-50 percent of the underpaid amount.
E. Failure to file estimated tax-9% per annum for the period of underpayment. The UET form is available upon request for
computation of underestimated installments.
F. Interest accruing for months beginning before July 1, 2016 accrues at the rate of 12 percent annually. Interest that accrues for
months beginning on or after July 1, 2016 accrues as provided by Georgia Code Section 48-7-81.

Forms: Additional forms may be obtained by calling 1-877-423-6711 or by downloading them from our website at dor.georgia.gov

IT-CR INSTRUCTIONS

Page 8

Using option 1 or 2, attach a schedule reflecting the computation of the total tax due on a member-by-member basis.
Note: Check the box on the Partnership or S Corporation return when filed that indicates a nonresident composite return is being
filed for the nonresident partners/shareholders.
INSTRUCTIONS
For individuals, there are two options in which a composite return may be filed. No other options or alternatives are allowed. A
review of the options will show that option 1 is very simple but more tax is paid. A 5.39% tax rate is applied to the Georgia
income. Option 2 lets you prorate the deductions using the entity’s income. The exemption for dependents is $4,000. These options
may be applied on a member-by-member basis. Trusts, Estates, Corporations, and Partnerships should list their Georgia
income and multiply it by the 5.39% Georgia income tax rate.
Information required: Nonresident partner’s o r shareholder’s name , identification number, Georgia income, marital status and
tax due.
OPTION 1
(Flat 5.39% tax on Entity's income)
NAME

ID#

G.I.P.

TAX RATE

JOHN DOE
JOHN JONES
ED SMITH
ANN MOORE

011-00-1001
022-00-2002
033-00-3003
044-00-4004

15,000
60,000
25,000
55,000

5.39%
5.39%
5.39%
5.39%

TAX DUE
809.00
3,234.00
1,348.00
2,965.00
8,356.00

OPTION 2
Allows the nonresidents to deduct: (a) standard deduction and (b) credit for dependents. Both (a) and (b) to be apportioned on the
ratio of the individual partner’s or shareholder’s Georgia income to the individual partner’s or shareholder’s share of the total
partnership or S Corporation income. Amount to which the ratio is applied under (a) shall not exceed $12,000 Single/Head of
household, and Married filing separately or $24,000 Married filing jointly.
N.T.I.

MARITAL
STATUS TAX DUE

NAME

ID#

JOHN DOE

011-00-1001

15,000 40,000 37.50

12,000

JOHN JONES

022-00-2002

60,000 85,000 70.59

24,000

8,000 32,000

22,589

37,411

M

ED SMITH

033-00-3003

25,000 55,000 45.45

12,000 12,000 24,000

10,909

14,091

HH

760

ANN MOORE

044-00-4004

55,000 75,000 73.33

12,000

11,733

43,267

MS

2,332

SYMBOLS:
G.I.P.
T.I.P.
GA.%
S.D.
D.E.
TOTAL
GA. D.
N.T.I.
MARITAL STATUS

G.I.P.

T.I.P.

GA%

S.D.

D.E.
0

TOTAL

GA. D.

12,000

4,500

10,500

S

566
2,016

4,000 16,000

5,674
NONRESIDENT’S SHARE OF PARTNERSHIP OR S CORPORATION GEORGIA INCOME
NONRESIDENT’S SHARE OF TOTAL PARTNERSHIP OR S CORPORATION INCOME
RATIO OF GEORGIA INCOME TO TOTAL PARTNERSHIP OR S CORPORATION INCOME
STANDARD DEDUCTION
DEPENDENTS EXEMPTION
STANDARD DEDUCTION PLUS DEPENDENTS (100%)
TOTAL X GA.%= DEDUCTION AND EXEMPTION APPORTIONED TO GEORGIA
NET TAXABLE INCOME (G.I.P. – GA. D. = N.T.I.)
S-SINGLE, M-MARRIED, HH-HEAD/HOUSEHOLD, MS-MARRIED FILING SEPARATE

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.
Mail Return To: Georgia Department of Revenue
PO Box 740320
Atlanta GA 30374-0320

IT-CR INSTRUCTIONS

Page 9

TAX CREDITS

The following Credits from the Entity or from the ownership of an S Corp, LLC, LLP or Partnership Interest which will be
reflected on the Entity’s K-1 must be listed on Form IT-CR, Schedule 2. The entity information and credit code must be
included. Additional documentation for claiming a credit is required where indicated.
NOTE: Credit code numbers are subject to change annually. Current code numbers are listed below.
Disregarded Single Member LLC Credit Instructions. If the taxpayer owns or is owned by a disregarded single member LLC, the
single member LLC should be disregarded for filing purposes. All credits should be claimed on the owner’s return. All tax credit
forms should be filed in the name of the single member LLC, but included with the owner's return. This is necessary so that the returns
can be processed and the credits flow to the proper taxpayer.
If a Partnership/S Corp has partners that will be included on the composite return and their share of taxes will be claimed on the
composite return, the tax credits should not be allocated on the Partnership/S Corp return for the partners included on composite
return. Doing so will cause the tax credit to be denied if claimed on the composite return.
For additional information on the below-listed credits, please visit the Georgia Department of Revenue website at
dor.georgia.gov.

Code

Name of Credit

Code

Name of Credit

102 - Employer’s Credit for Approved Employee Retraining

130 - Quality Jobs Tax Credit

103 - Employer’s Jobs Tax Credit

131 - Alternate Port Activity Tax Credit

104 - Employer’s Credit for Purchasing Child Care Property

132 - Qualified Investor Tax Credit

105 - Employer’s Credit for Providing or Sponsoring Child Care
for Employees

133 - Film Tax Credit for a Qualified Interactive Entertainment
Production Company

106 - Manufacturer’s Investment Tax Credit

135 - Historic Rehabilitation Tax Credit for any Other Certified Structures
(not a historic home)

107 - Optional Investment Tax Credit

136 - Qualified Rural Hospital Organization Expense Tax Credit

109 - Low Income Housing Credit

138 - Postproduction Film Tax Credit

111 - Business Enterprise Vehicle Credit

139 - Small Postproduction Film Tax Credit

112 - Research Tax Credit

140 - Qualified Education Donation Tax Credit

113 - Headquarters Tax Credit

141 - Musical Tax Credit

114 - Port Activity Tax Credit

142 - Rural Zone Tax Credits

115 - Bank Tax Credit
118 - New Facilities Job Credit
119 - Electric Vehicle Charger Credit
120 - New Manufacturing Facilities Property Credit
121 - Historic Rehabilitation Credit for Historic Homes
122 - Film Tax Credit (Use code 133 if the credit is for a Qualified
Interactive Entertainment Production Company)
124 - Land Conservation Credit
125 - Qualified Education Expense Credit
126 - Seed-Capital Fund Credit
128 - Wood Residual Credit
129 - Qualified Health Insurance Expense Credit

143 - Agribusiness and Rural Jobs Tax Credit
144 - Post-Consumer Waste Materials Tax Credit
145 - Timber Tax Credit
146 - Railroad Track Maintenance Tax Credit
147 - Personal Protective Equipment Manufacturer Jobs Tax Credit
148 - Life Sciences Manufacturing Job Tax Credit
149 - Historic Rehabilitation Tax Credit for Historic Homes and Other
Certified Structures Earning $300K or less
150 - Qualified Law Enforcement Donation Credit
151 - Qualified Foster Child Donation Credit
152 - Historic Rehabilitation Credit for Historic Homes
153 - Historic Rehabilitation Credit for Other Certified Structures

Page 10
Low Income Housing Credit Recapture
A partnership, S Corporation or Limited Liability Company may elect to pay the recapture of the low income housing credit for its
members on Form IT-CR.
This may be done for nonresident members as well as resident members. Such recaptured credits shall be added to the composite tax
on Line 1 of the Form IT-CR for the year of recapture. The year of recapture is the tax year that the credit is being recaptured for (not
the year that the recapture happened).
In the event there is no composite tax due, the total recaptured credits should be put on Line 1.
A schedule should also be attached which lists the member’s name, ID number, and amount of credits recaptured. The payment on the
IT-CR shall relieve the member from reporting and paying the recaptured credits on the member’s income tax return. The same rules
regarding penalties (including the underestimated tax penalty) and interest that apply to normal composite tax shall apply to the
recaptured credits.