Instructions For Form 600-T Exempt Organization Unrelated Business Tax Return

ADVERTISEMENT

INSTRUCTIONS
INSTRUCTIONS
FORFORM 600-T EXEMPT ORGANIZATION
UNRELATED
BUSINESS T AX RETURN
FILING REQUIREMENTS
Everyexemptorganization, whichis required to filea Form
990-Twiththe Federalgovernment and has unrelated tradeor
business income f rom Georgia sources, m ustfilea Georgia Form
600-T.
WHEN AND WHERE TOFILE
Thereturn isdueonorbefore theduedateoftheFederal F orm
990-Tas provided underthe Internal R evenueCode.Returns
should be mailed to Georgia Income TaxDivision, Trinity-Wash-
ington Building, Atlanta, Georgia 30334.
EXTENSION OFTIME
Areasonable e xtension o ftimeforfiling maybegranted bythe
Commissioner uponapplication on FormIT-303 filedprior tothe
date the returnis due showingthat the delay is due to a
reasonable c ause.
Iftaxpayer h as received fromthe Internal R evenue Service an
extension o ftimewithin which tofilehisFederal r eturn, t axpayer
need not applyto the GeorgiaDepartment of Revenuefor a
similar e xtension of time,Allthat is requiredis a copyof the
requestforthe Federalextensionbe attachedto the Georgia
return. I nterest a ccruesattherateof12percentperyearonany
taxduefromthe regular d uedateofthe returnuntil p aid.
TheGeorgia Lawprohibits thegranting ofanextension o fover
6 months fromtheduedateofthe return.
PENALTIES AND INTEREST
Penalties p rovided b ytheGeorgia Codeare:
Fordelinquent filing—50/~
of tax due foreach monthor part
month ofdelinquency, witha maximum of25%
Fordelinquent payment—1/2
of 1%dueforeachmonth or part
month ofdelinquency. Anextension o ftimeforfiling d oesnotalter
delinquent payment p enalty.
Fornegligent underpayment—5%
ofamount o funderpayment.
Forfraudulent underpayment—50%
of amountof underpay-
ment.
Interest a ccruesat therateof12%peryearfrom theduedate
forpayment to thedatepaid.Anextension oftimeforfiling does
notalterthe interest c harge.
PERIOD TOBECOVERED
Thetaxable period forGeorgia purposes shallbethesameas
forFederal p urposes.
ACCOUNTING
METHOD
Taxableincomemust be computedusing the methodof
accounting regularly u sedinkeeping theorganization’s books and
records.In allcases, the methodadoptedmustclearlyreflect
taxable income.
ALLOCATION
OFINCOME A ND EXPENSES
Forthoseorganizations havingunrelated businessincome in
Georgia andinotherstates,theincome andexpensesrelated to
its production s houldbe allocated to clearly reflect t he Georgia
unrelated businesstaxableincome, S ufficient information should
beattached toForm 600-T tosupport t heallocation ofincome a nd
expensesto Georgia.
TAX RATE
FEDERAL FORM 990-T
As provided by GeorgiaCodeSection48-7-25(c), unrelated
Acopyofthe FederalForm990-Tand supporting s chedules
businessincome shallbe taxedat the rateof6%.
(andanyextensions) mustbe attached to thisreturn.
“Georgia Public Revenue CodeSection 48-2-31 stipulates t hattaxesshall
bepaidinlawful money oftheUnited Statesfreeofanyexpensetothe State
ofGeorgia. ”

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form 600-t -exempt Organization Unrelated Business Income Tax Return - 2016 Form 600-t -exempt Organization Unrelated Business Income Tax Return - 2016 Financial
Form 600-t - Exempt Organization Unrelated Business Income Tax Return Form Form 600-t - Exempt Organization Unrelated Business Income Tax Return Form Financial
Form 600-t - Exempt Organization Unrelated Business Income Tax Return Form 600-t - Exempt Organization Unrelated Business Income Tax Return Financial
Form 600-t - Exempt Organization Unrelated Business Income Tax Return Form 600-t - Exempt Organization Unrelated Business Income Tax Return Financial
Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Financial
Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Financial
Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Financial
Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Georgia Form 600-t - Exempt Organization Unrelated Business Income Tax Return Financial
Form 600-t - Exemot Organization Unrelated Business Income Tax Return Form 600-t - Exemot Organization Unrelated Business Income Tax Return Financial
Instructions For Form Nj-1040-sc -s Corporation Business Tax Return - 2016 Instructions For Form Nj-1040-sc -s Corporation Business Tax Return - 2016 Financial

Related Categories

Parent category: Financial
Download
Go