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Georgia Free Printable TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T for 2024 Georgia Exempt Organization Unrelated Business Income Tax Return

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Exempt Organization Unrelated Business Income Tax Return
TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

Clear Print Mailing Address: 600-T Exempt Organization Georgia Form Georgia Department of Revenue Processing Center PO Box 740397 Atlanta, Georgia 30374-0397 (Rev. 06/12/23) Unrelated Business Income Tax Return Page 1 Amended due to IRS Audit Amended Address Change UET Annualization Exception attached For the taxable year beginning ______________________, 20_______ and ending ______________________ , 20_______ Name of Organization Name of Fiduciary Number and Street Number and Street City or Town City or Town State Zip Code State 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.) NAICS Code Date of current IRS code section exemption letter. for which you are exempt. Zip Code SCHEDULE 1 Georgia Unrelated Business Taxable Income 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.. Adjusted unrelated business taxable income (Line 3 less Line 4)............................ 5. 6. Income allocated everywhere .................................................................................. 6. 7. Unrelated business taxable income subject to apportionment (Line 5 less Line 6).... 7 8. Apportionment ratio (Attach Computation Schedule) ............................................... 8 9. Georgia apportioned unrelated business taxable income (Line 7 x Line 8) ............ 9. 10. Income allocated to Georgia (Attach Schedule) ...................................................... 10. 11.Total of Lines 9 and 10 ................................................. ........................................ 11. 12.Georgia net operating loss deduction (Attach Schedule) (See IT-611 instructions for 80% limitation) 12. 13.Georgia unrelated business taxable income (Line 11 less Line 12) ...................... 13. Print Georgia Form Page 2 Clear 600-T Name FEIN COMPUTATION OF GEORGIAUNRELATED BUSINESS INCOME TAX SCHEDULE 2 1.. Line 13, Schedule 1 multiplied by 5.75%................................................................ 1. 2. Less: Credits used from Schedule 3, do not enter more than Line 1 of Schedule 2 2. 3. Less: Payments .................................................................................................... 3. 4. Withholding Credits (G2-A, G2-LP and/or G2-RP) ............................................... 4. 5. Schedule 3B Refundable tax credits .................................................................... 5. 6. Balance of tax due OR overpayment .................................................................... 7. Interest due (See Instructions) .............................................................................. 8. Underestimated tax penalty ................................................................................... 9. Other penalties due (See Instructions) .................................................................. 10. Balance of tax, interest, and penalties due with return ......................................... 6. 7. 8. 9. 10. 11. If Line 6 is an overpayment, amount after any penalties and interest 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 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. 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 of Individual or Firm Preparing Return Signature of Officer Title Date Employee ID or Social Security Number Clear Print Georgia Form Page 3 600-T Name FEIN SCHEDULE 3 (ROUND TO NEAREST DOLLAR) CREDIT USAGE AND CARRYOVER 1. Complete a separate schedule for each Credit Code. 2. Total the amounts on Line 11 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.. Enter credits which are attributable to unrelated trade or business income from Georgia sources. See Form 600 for the credit codes that may apply. Exempt organizations are only eligible for tax credits to the extent they apply to unrelated trade or business income from Georgia sources (note not all credits apply to 600T). 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 i f 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 12 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 7. Company Name ID Number Credit Certificate # Credit Generated this tax year 8. Company Name ID Number Credit Certificate # Credit Generated this tax year 9. Company Name ID Number Credit Certificate # Credit Generated this tax year 10. Total available credit for this tax year (sum of Lines 2 through 9) 10. 11. Credit Used this tax year (enter here and on Line 2, Schedule 2) 11. 12. Potential carryover to next tax year (Line 10 less Line 11) 12. Additional Schedule 3 Clear Print Georgia Form Page 4 600-T SCHEDULE 3B Name FEIN REFUNDABLE TAX CREDITS SCHEDULE 3B (ROUND TO NEAREST DOLLAR) 1. Complete a separate schedule for each Credit Code. 2. Total the amounts on Line 11 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. Enter credits which are attributable to unrelated trade or business income from Georgia sources. See Form 600 for the credit codes that may apply. Exempt organizations are only eligible for tax credits to the extent they apply to unrelated trade or business income from Georgia sources (note not all credits apply to 600T). 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 12 carryover is applied to the next year, the amount must be reduced by any carryovers that have expired or by any credits that were sold. 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 3 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 7. Company Name ID Number Credit Certificate # Credit Generated this tax year 8. Company Name ID Number Credit Certificate # Credit Generated this tax year 9. Company Name ID Number Credit Certificate # Credit Generated this tax year 10. Total available credit for this tax year (sum of Lines 2 through 9) 10. 11. Credit Used this tax year (enter here and on Line 5, Schedule 2) 11. 12. Potential carryover to next tax year (Line 10 less Line 11) 12. Print Clear Page 5 INSTRUCTIONS FOR FORM 600-T EXEMPT ORGANIZATION UNRELATED BUSINESS INCOME TAX RETURN For losses incurred in taxable years ending after December 31, 2017, there is no carryback and FILING REQUIREMENTS Every exempt organization, which is required to file a Form unlimited carryforward of net operating losses 990-T with the Federal Government and has unrelated trade and there is a 2 year carryback for farming losses and there is a 2 year carryback and 20 year carryor business income from Georgia sources, must file a forward for certain insurance company net operating Georgia Form 600-T. losses. WHEN AND WHERE TO FILE The return is due on or before the due date of the Federal For losses incurred in taxable years begining on or after Form 990-T as provided under the Internal Revenue Code. January 1, 2018, there is an 80% limitation on the usage Returns should be mailed to the Georgia Department of of net operating losses (the 80% limitation is based on Georgia taxable net income). The 80% limitation does Revenue, Processing Center, PO Box 740397, Atlanta, GA not apply to certain insurance company net operating 30374-0397. losses. EXTENSION OF TIME A reasonable extension of time for filing may be granted LINE 12: Georgia net operating loss deduction ti 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 ti the taxpayer has received from the Internal Revenue Service an extension of time within which to file their Federal return, the taxpayer need not apply to the Georgia Department of Revenue for 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 on any tax due from the regular ____________ due date of the return until paid. Georgia Law prohibits ____________ the granting of an extension of over 6 months from the due date of the return. ____________ TAX RATE As provided by Georgia Code Section 48-7-25 unrelated business income shall be taxed at the rate of 5.75%. ACCOUNTING METHOD Taxable income must be computed using the method of accounting regularly used in keeping the organization’s books and records. In all cases, the method adopted must clearly reflect taxable income. NET OPERATING LOSSES Georgia did not adopt the revised net operating loss provisions in the 2020 CARES Act. As such: ____________ ____________ ____________ Page 6 INSTRUCTIONS FOR FORM 600-T EXEMPT ORGANIZATION UNRELATED BUSINESS INCOME TAX RETURN CREDITS Enter credits which are attributable to unrelated trade or business income from Georgia sources. See Form 600 for the credit codes that may apply (note not all credits apply to 600-T). ti 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. PERIOD TO BE COVERED The taxable period for Georgia purposes shall be the same as for Federal purposes. PENALTIES AND INTEREST Penalties provided by the Georgia Code are: For delinquent 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. Delinquent payment is not due if the return is being amended due to an IRS audit. For negligent underpayment- 5% of amount of underpayment. For fraudulent underpayment - 50% of amount of underpayment. 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 as provided by Georgia Code Section 48-7-81. 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 8 of Schedule 2. Also, if a penalty exception applies, ALLOCATION AND APPORTIONMENT OF check the “UET Annualization Exception attached” INCOME AND EXPENSES For those organizations having unrelated business income box. for Georgia and in other states, the income and expenses Note: The combined total of the penalty for delinquent should be allocated and apportioned to clearly reflect the filing and penalty for delinquent payment cannot Georgia unrelated business taxable income as provided exceed 25% of the tax not paid by the original due date. in Schedule 1. Please see the 611 Booklet (ONE Factor Formula) for more information. Sufficient information should be attached to the Form 600-T to support the allocation and apportionment of income and expenses to Georgia. FEDERAL FORM 990-T A copy of the Federal Form 990-T and supporting schedule (and any extensions) must be attached to this return. “Georgia Public Revenue Code Section 48-2-31 stipulate that taxes shall be paid in lawful money of the United State free of any expense to the State of Georgia”.
Extracted from PDF file 2023-georgia-form-600-t.pdf, last modified July 2010

More about the Georgia Form 600-T Corporate Income Tax TY 2023

We last updated the Exempt Organization Unrelated Business Income Tax Return in February 2024, so this is the latest version of Form 600-T, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 600-T directly from TaxFormFinder. You can print other Georgia tax forms here.


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Other Georgia Corporate Income Tax Forms:

TaxFormFinder has an additional 30 Georgia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 602 ES Corporate Estimated Tax.
Form 600 Corporate Tax Return
Form 700 Partnership Tax Return
Form 501 Fiduciary Income Tax Return
Form 501X Amended Fiduciary Income Tax Return

Download all GA tax forms View all 31 Georgia Income Tax Forms


Form Sources:

Georgia usually releases forms for the current tax year between January and April. We last updated Georgia Form 600-T from the Department of Revenue in February 2024.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Georgia Form 600-T

We have a total of twelve past-year versions of Form 600-T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

2022 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

2021 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

2019 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

2018 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

2017 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

2016 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

600-T 2015 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

600-T 2013 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T

PDF Form Pack generated by formuPack 2012 Form 600-T

PDF Form Pack

600-T-0704 2011 Form 600-T

TSD_Exempt_Organization_Unrelated_Business_Income_Tax_Return_600T 7-22-2010 PG. 1


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