Georgia Form 600 T PDF Details

Form 600T is a tax form that is used by taxpayers in the state of Georgia. This form must be filed in order to report and pay taxes on income that is earned from self-employment. There are various requirements that must be met in order to file this form, so it is important to understand what those are before you begin filing. In this blog post, we will discuss what you need to know about filing Form 600T. We will also provide an overview of the steps involved in completing the form. Let's get started!

QuestionAnswer
Form NameGeorgia Form 600 T
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesTSD_Exempt_Orga nization_Unrela ted_Business_In come_Tax_Return _600T ga form 600 t

Form Preview Example

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)

20

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

 

 

 

 

 

 

 

 

 

 

 

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.

3.

Total (add line 1 and line 2)

 

 

 

 

 

 

 

 

 

 

3.

4. Subtractions

 

 

 

 

 

 

 

 

 

 

4.

5.

Georgia unrelated business taxable income (line 3 less line 4)

 

5.

 

 

 

 

 

 

 

COMPUTATION OF GEORGIAUNRELATED BUSINESS INCOME TAX

SCHEDULE 2

1.

Line 5, above, multiplied by 6%

 

 

 

 

 

1.

 

 

 

 

 

2.

Less: Credits and Payments

 

 

 

 

 

2.

 

 

 

 

 

3. Withholding Credits (G-2A, G-2LP and/or G-2RP)

3.

4.

4. Balance of tax due OR overpayment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

5. Interest due (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

6.

Underestimated tax penalty

 

 

 

 

 

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

 

 

 

 

 

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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It is actually straightforward to finish the form with this practical tutorial! This is what you should do:

1. To get started, once completing the Georgia Form 600 T, beging with the form section that features the subsequent blanks:

The way to prepare Georgia Form 600 T portion 1

2. Given that the previous array of fields is completed, it is time to put in the required specifics in Subtractions, Georgia unrelated business, COMPUTATION OF GEORGIA UNRELATED, SCHEDULE, Line above multiplied by, Less Credits and Payments, Withholding Credits GA GLP andor, Balance of tax due OR overpayment, Interest due see instructions, Underestimated tax penalty, Other penalties due see, Balance of tax interest and, If line is an overpayment amount, Estimated Ta, and dednufeR so that you can go to the third step.

Writing part 2 in Georgia Form 600 T

3. This third step should be pretty uncomplicated, reciffOfoerutangiS, eltiT, etaD, and rebmuNytiruceSlaicoSroDIeeyolpmE - each one of these blanks has to be filled in here.

Georgia Form 600 T writing process shown (step 3)

People who work with this PDF frequently make some errors when filling out etaD in this area. Ensure that you reread what you type in here.

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