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Form 600 - Instructions To File Consolidated Returns For Taxable Years Beginning On Or After January 1, 2010 Page 3

In 2011, Corporation B will be treated, for credit limitation purposes, as having a $6,000 net oper-

ating loss carryover which must be applied to its income before applying the percentage limitations.

(i) Column B and Column C on Schedule 3 of each separate company Form 600 must be completed

(except for the parent’s (designated member’s separate return)). The amount listed on Line 2,

Column C of Schedule 3 must be the amount allocated to the corporation as listed on the

payment transfer schedule (see below).

Preparation of the Consolidated Group Form 600

(a) For each consolidated group, a consolidated group Form 600 must be completed. The parent

corporation’s (designated member’s) name, federal identification number, address, etc., must

be listed on the consolidated group Form 600. Additionally, the “Consolidated GA Parent

Return” box on the return must be checked. The “GA Consolidated Subsidiary” box will thus

remain unchecked.

(b) Lines 1 through 4 of Schedule 1 of the consolidated group Form 600 must be left blank. Addi-

tionally, Schedule 4, Schedule 5, Schedule 6, and Schedule 7 of the consolidated group Form

600 must not be completed.

(thus after apportionment, if company qualifies) as reflected on the separate company Form

600 (Line 7 of Schedule 1), must be consolidated (totaled) on the consolidated group Form 600

and reflected on Line 5 of Schedule 1. A schedule must be attached to the consolidated group

Form 600 which must contain the name, federal identification number, and separate company

income or loss for each corporation. Intercompany expenses are not eliminated.

(d) Any consolidated Georgia net operating loss must be deducted on Line 6 of Schedule 1 to arrive

at the consolidated group’s Georgia taxable income or loss on Line 7 of Schedule 1, and the

consolidated group’s income tax, if appropriate, on Line 8 of Schedule 1.

(e) The net worth tax for the parent corporation (designated member) is now computed on the

consolidated group Form 600.

(f) Columns A, B, and C on Schedule 3 of the consolidated group Form 600 must be completed. The

amount listed on Line 2, Column C of Schedule 3 must be the amount allocated to the corporation as

listed on the payment transfer schedule (see below).

(g) The amount allowed for each separate company should be entered on schedule 9 and totaled on

Line 6 of Schedule 9.

Form 600 - Instructions To File Consolidated Returns For Taxable Years Beginning On Or After January 1, 2010 Page 3