Delaware Form 200-C - Delaware Composite Personal Income Tax Return

INSTRUCTIONS FOR 2012 COMPOSITE PERSONAL INCOME TAX RETURN

· No net operating losses will be allowed.

The Delaware Division of Revenue will accept a

· Any refund or overpayment of income taxes made on

composite return of qualifying non-resident

a composite basis must be remitted to the

shareholders of an S corporation (or of a limited liability

organization for distribution to the members.

company which is treated as a partnership) or of

qualifying non-resident individual partners of a

A composite return may not be changed or corrected

partnership if all conditions specified below are met:

except by an amended composite return filed by the

· Individuals included in the composite return must be

entity.

All S Corp estimated payments must be made

non-residents of the State of Delaware for the full

with S Corp coupons (1100P) or returns (1100S), not

taxable year.

the Composite return filing.

Partnerships must file their

· Individuals included in the composite return must

estimated taxes with 200-ES coupons.

have no income (including spouse's) from sources

within the state other than his or her distributive share

A copy of Form 5403, Real Estate Tax Return, must be

of corporate or partnership income whose source is

attached to the composite return if any real estate tax

within Delaware.

payments were declared and paid on behalf of any

· All individuals included in the composite return must

qualifying non-resident stockholders or qualifying non-resident

have the same tax year for income tax purposes.

partners included in the composite return filing.

S corporations and partnerships with large volumes of

Composite returns are due on the 15th day of the fourth

shareholders and partners may file a schedule

month following the close of the taxable year of the

condensing the information from A-1 schedules in lieu

shareholders or partners included in the composite

of filing individual A-1 schedules.

return.

Federal Extensions of Time to File will be

accepted as a valid extension to file the Delaware Form

Qualifying non-resident individual partners may elect to

200-C. Partnerships can file the Delaware Extension

file the Delaware Form 200-C.

If one or more

Form 1027.

individuals choose not to file the Delaware Form 200-C,

those individuals must file a Delaware Non-Resident

The Delaware Division of Revenue requires a Schedule

Personal Income Tax Return, Form 200-02. Individuals

K-1 for all non-resident corporate shareholders and

that are included in the composite filing must not file an

non-resident individual partners filing the Delaware

individual non-resident income tax return reporting the

Form 200-C.

same income. Grantor Trusts may also be included in

the composite return.

The composite return must be signed by a partner

or corporate officer authorized to sign the partnership

The following limitations and conditions shall apply to

return or S corporation income tax return.

those individuals included in the composite return:

· No tax credits other than non-refundable credits from

Form 700 will be allowed.

DOWNLOADABLE DELAWARE INCOME TAX FORMS AND INSTRUCTIONS ARE AVAILABLE. VISIT OUR WEB SITE AT

OR, CONTACT US AT

DELAWARE DIVISION OF REVENUE

CARVEL STATE OFFICE BUILDING

9TH AND FRENCH STREETS, FIRST FLOOR

WILMINGTON, DE

19801

(302) 577-8994

REVISED 12/07/12

Delaware Form 200-C - Delaware Composite Personal Income Tax Return - 2012 Page 2

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