Georgia Form 600 T – Fill Out and Use This PDF

The Georgia Form 600-T, officially known as the Exempt Organization Unrelated Business Income Tax Return, is a critical document for tax-exempt organizations operating within Georgia that earn income unrelated to their tax-exempt purpose. This form ensures compliance under the Georgia Code Section 48-7-25, requiring the detailed report and tax payment on such earnings. To maintain tax-exempt status while accurately reporting unrelated business income, it is imperative for organizations to navigate this form correctly. Ensure you fill out the form meticulously by clicking the button below.

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Georgia Form 600 T PDF Details

In the realm of nonprofit management and tax obligations, navigating the complexities of income reporting and taxation proves crucial, particularly with forms like the Georgia 600-T. This specific document, formally named the Exempt Organization Unrelated Business Income Tax Return, outlines the procedures exempt organizations in Georgia must follow to report and pay taxes on income not directly related to their tax-exempt functions, as detailed under Georgia Code Section 48-7-25. From the filing basics, such as the due dates aligning with the federal Form 990-T and the submission address to the Georgia Department of Revenue, to the calculation intricacies involving additions, subtractions, and the subsequent tax computations on unrelated business taxable income, the Georgia 600-T form encapsulates a myriad of facets. Not only does it provide a structured format for reporting income and determining the tax liability at a rate of 6%, but it also delves into penalties and interest for late filings or payments, showcasing Georgia's methodical approach to tax collection from nonprofit organizations operating within its jurisdiction. Moreover, the form emphasizes the need to attach a copy of the Federal 990-T, thereby ensuring that filers present a comprehensive view of their unrelated business income across both state and federal levels. A careful examination of this form not only aids in compliance but also offers insight into the broader framework of nonprofit taxation in Georgia, balancing between supporting exempt organizations and maintaining fair tax practices.

Question	Answer
Form Name	Georgia Form 600 T
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	TSD_Exempt_Orga nization_Unrela ted_Business_In come_Tax_Return _600T ga form 600 t

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Georgia Form 600-T(Rev. 8/12)

Exempt Organization

Unrelated Business Income Tax Return

Amended		Amended due to IRS changes

Address Change

MailingAddress:

Georgia Department of Revenue

Processing Center

P.O. Box 740397

Atlanta, Georgia 30374-0397

UET Annualization Exception attached	PAGE 1

Exempt Organization Unrelated Business Income Tax Return (Under Georgia Code Section 48-7-25)

For the taxable year beginning ______________________, 20_______ and ending ______________________ , 20_______

Name of Organization		Name of Fiduciary			Federal Employer ID No. (in case of employees’
					trust described in section 401 (a) and exempt under
					section 501 (a), insert the trust’s identification number.)
Number and Street		Number and Street

City or Town		City or Town			NAICS Code	Date of current	IRS code section
					NAICS Code	Date of current	IRS code section
						exemption letter.	for which you are
							exempt.

State	Zip Code	State	Zip	Code

				SCHEDULE 1
1. Unrelated business taxable income from Federal Form 990-T (attach copy)				1.
2. Additions
2. Additions			2.
3.	Total (add line 1 and line 2)
3.	Total (add line 1 and line 2)		3.
4. Subtractions
4. Subtractions			4.
5.	Georgia unrelated business taxable income (line 3 less line 4)
5.				5.

COMPUTATION OF GEORGIAUNRELATED BUSINESS INCOME TAX				SCHEDULE 2
1.	Line 5, above, multiplied by 6%			1.
1.	Line 5, above, multiplied by 6%
2.	Less: Credits and Payments			2.
2.	Less: Credits and Payments
3. Withholding Credits (G-2A, G-2LP and/or G-2RP)				3.

				4.
4. Balance of tax due OR overpayment				4.

				5.
5. Interest due (see instructions)				5.

				6.
6.	Underestimated tax penalty			6.
7.	Other penalties due (see instructions)			7.
8. Balance of tax, interest and penalties due with return				8.
9.	If line 4 is an overpayment, amount to be credited on 20
9.	If line 4 is an overpayment, amount to be credited on 20
	Estimated Tax	Refunded

A COPY OF THE FEDERAL 990 T AND SUPPORTING SCHEDULES (AND ANY EXTENSION) MUST BE ATTACHED TO THIS RETURN. DECLARATION: I/We declare, under penalty of perjury that I/we have examined this return (including accompanying schedules and statements) and to the best of our knowledge and belief it is true, correct and complete. If prepared by a person other than a taxpayer,his/her declaration is basd on all informa- tion of which s/he has any knowledge.

Signature of Officer

Signature of Individual or Firm Preparing Return

Title

Date

Employee ID or Social Security Number

PAGE 2

INSTRUCTIONS FOR FORM 600-T EXEMPT ORGANIZATION UNRELATED BUSINESS INCOME TAX RETURN

FILING REQUIREMENTS

Everyexemptorganization,whichis requiredto filea Form

990-TwiththeFederalGovernmentandhasunrelatedtrade

or business income from Georgia sources, must file a

Georgia Form 600-T.

WHENAND WHERE TO FILE

The return is due on or before the due date of the Federal Form 990-T as provided under the Internal Revenue Code. Returns should be mailed to the Georgia Department of Revenue,ProcessingCenter,P.O.Box740397,Atlanta,GA 30374-0397.

EXTENSION OF TIME

A reasonableextensionof time for filing may be granted by the Commissioner upon application on Form IT-303. This must be filed prior to the date the return is due and must show that the delay is due to a reasonable cause. If the taxpayerhas receivedfrom the InternalRevenueServicean extensionof timewithin which to file his Federalreturn, the taxpayer need not apply to the Georgia Department of Revenuefor a similar extension of time. All that is required is for a copy of the request for the Federal extension to be attached to the Georgia return. Interest accrues at the rate of 12% per year on any tax due from the regular due date of the return until paid. Georgia Law prohibits the granting of anextensionofover6monthsfromtheduedateofthereturn.

TAX RATE

As provided by Georgia Code Section 48-7-25(c), un- related business income shall be taxed at the rate of 6%.

ACCOUNTING METHOD

Taxable income must be computed using the method of accountingregularlyusedinkeepingtheorganization’sbooks and records. In all cases, the method adopted must clearly reflect taxable income.

PERIOD TO BE COVERED

The taxable period for Georgia purposes shall be the same as for Federal purposes.

ALLOCATION AND APPORTIONMENT OF INCOMEAND EXPENSES

For those organizations having unrelated business income for Georgia and in other states, the income and expenses relatedtoitsproductionshouldbeallocatedandapportioned to clearly reflect the Georgia unrelated business taxable income. Sufficient information should be attached to the Form 600-T to support the allocation and apportionment of income and expenses to Georgia.

PENALTIESAND INTEREST

Penalties provided by the Georgia Code are: For delin- quent filing- 5% of tax not paid by the original due date for each month or part of month of delinquency. For delinquent payment- 1/2 of 1% due for each month or part month of delinquency. An extension of time for filing does not alter delinquent payment penalty. Delin- quent payment is not due if the return is being amended due to an IRS audit. For negligent underpayment- 5% of amount of underpay-ment. For fraudulent underpay- ment- 50% of amount of underpayment. Interest accrues at the rate of 12% per year from the due date for payment to the date paid. An extension of time for filing does not alter the interest charge.

Underpayment of estimated tax (UET) Penalty. Attach Form 600 UET and enter the amount on line 6. Also if a penalty exception applies check the “UET Annualization Exception attached” box.

NOTE:Thecombinedtotalofthepenaltyfordelinquentfiling and penalty for delinquent payment cannot exceed 25% of the tax not paid by the original due date.

FEDERAL FORM 990-T

AcopyoftheFederalForm990-Tandsupportingschedules (and any extensions) must be attached to this return.

“Georgia Public Revenue Code Section 48-2-31 stipulates that taxes shall be paid in lawful money of theUnited States free of any expense to the State of Georgia”.

How to Edit Georgia Form 600 T Online for Free

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The way to prepare Georgia Form 600 T portion 1

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Georgia Form 600 T – Fill Out and Use This PDF

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