Form It Cr - Georgia Nonresident Composite Tax Return Partners And Shareholders Page 3
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GENERAL INSTRUCTIONS
As an alternative to withholding on nonresident partners, shareholders or members, the Partnership, S Corporation or Limited Liability Company may file
a composite return. Permission is not required. Only nonresidents who are not otherwise required to file a return may be included in the computation.
However, an individual (a natural person) shall be allowed to be included on a composite return even if he/she is otherwise required to file a return provided
he/she uses option 3. You must create your own schedule for the computation of the tax using the options described later in these instructions. Your
schedule must also list any nonresident partner(s) or shareholder(s) not included in the computation along with their identification number(s). See
Regulation 560-7-8-.34 for more information.
UET Penalty Exception: Estimates are required if the composite tax exceeds $500 for the year. If the entity qualifies for an under-
estimated tax penalty exception, please check the UET Penalty Exception box and put the adjusted penalty on line 5. a. Please use
Form IT-CR UET to compute the penalty. In accordance with O.C.G.A § 48-2-32(f)(2), composite estimate taxpayers with quarterly
payments of more than $10,000 must pay electronically using the Georgia Tax Center (GTC). A penalty of 10% will be added if the
payment is not submitted electronically on GTC.
Due Dates: All due dates for composite returns, estimated tax and extensions are the same as those for individual filers unless the entity
is a fiscal year filer. A fiscal year entity should file its return within 3 ½ months of the fiscal year end.
Amended Returns: Amended composite returns must be filed during the same period as individual returns. Use Form IT-CR and check
the “Amended Return” box at the top.
Electing option 1, 2 or 3: Individuals may elect one of the three options on a member-by-member basis. These options are described
in the instructions. Once the return is filed the election cannot be changed. The election of option 1, 2 or 3 is made each year. Options
1 – 3 do not allow for any adjustments to income such as self employed health insurance, Keogh, SEP or any other adjustments
normally allowed in computing adjusted gross income. For Corporations, Partnerships,Trusts and Estates, please see the instructions
that follow.
Extensions: Georgia honors a Federal extension when the Georgia return is filed along with the Federal approval form on or before
the extended Federal due date. If it is not neccessary to request a Federal extension, use Form IT-303 to request an extension to file
the Georgia return. Any tax due should be paid on Form IT-560C by the statutory due date of the extension voucher.
Business Credits:
Information about business tax credits is available on page 6.
Carryback of NOL: Losses on a composite return are not allowed t o be carried back.
PENALTIES AND INTEREST
A. Late filing of return-5% of the tax not paid by the original due date for each month or fractional part thereof-up to 25%.
B. Failure to pay tax shown on a return by due date-1/2 of 1% of the tax due for each month or fractional part thereof-up to 25%.
Note: The combined total of the penalty for late filing of return and penalty for failure to pay tax shown on a return cannot exceed 25% of the tax not paid by the
original due date.
C. Negligent underpayment of tax-5% of the underpayment.
D. Fraudulent underpayment-50% thereof.
E. Failure to file estimated tax-9% per annum for the period of underpayment. The UET form is available upon request for computation of underestimated installments.
F. Interest is computed at 1% per month on any unpaid tax from the due date until paid. An extension of time for filing does not give relief of late payment penalty
or interest.
Forms: Additional forms may be obtained by calling 1-877-423-6711 or by downloading them from our website at
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Clear
Print
PLEASE DO NOT STAPLE. PLEASE REMOVE ALL CHECK STUBS.
Cut along dotted line
Cut along dotted line
MAIL TO:
CR PV
(Rev. 06/22/15)
Processing Center
Composite Return Payment
Georgia Department of Revenue
Telephone No. 1-877-423-6711
PO Box 740240
2015
Atlanta GA 30374-0240
Name Change
Address Change
FEI Number
Tax Period Ending
Vendor Code
NAME AND ADDRESS
040
Under penalty of perjury, I declare that this return has been examined by me and to the best of my knowledge
and belief it is true, correct and complete. 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
Title
Telephone
Date
$
Amount Paid
PLEASE DO NOT STAPLE. REMOVE ALL CHECK STUBS.
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