Under Georgia law, all corporations incorporated in or conducting business in the state must file an annual income-tax return with the Georgia Department of Revenue. A corporation doing business in Georgia can file its annual corporate income tax by filling out and filing Form 600.
Download Georgia Form 600 from the Georgia Department of Revenue website (see Resources). The Georgia Department of Revenue provides a PDF version of Form 600, which you can download, complete, print and file with the Georgia Department of Revenue.
Provide information about your corporation. Indicate the beginning and ending dates for your company's 2010 and 2011 tax years. Indicate what type of return your corporation is filing. Provide your company's federal identification number, name, address, date of incorporation, state of incorporation, date of admission to Georgia, type of business, Georgia tax-account number, Georgia sales-tax number and NAICS code. Indicate the location of your company's financial records and the number of shareholders.
Provide the amount of taxable Georgia income and tax. On line 1, indicate the total amount of Georgia taxable income. On line 2, multiply line 1 by 6 percent to get the tax amount.
Compute the net worth ratio of your corporation. Indicate the total amount of property and gross receipts incurred both within and outside of Georgia. Perform the requested calculation to determine your ratio of Georgia taxable net worth.
Compute your corporation's net worth tax. Indicate the value of issued capital stock, capital surplus and retained earnings. Perform the requested calculations to compute the total net worth tax due.
Compute any tax due or overpayment. Indicate any estimated tax payments made and perform the requested calculations to determine your balance of tax, penalty and interest due to the state of Georgia.
Compute any additions or subtractions to federal taxable income. Under schedule 5, indicate and compute any additions to your federal taxable income, including profits taxes from outside Georgia, state and municipal bond interest, captive REIT expenses and intangible expenses. Under schedule 6, indicate and compute any subtractions from your federal taxable income, including interest on U.S. bonds and exceptions to captive REIT expenses.
Compute your gross and net Georgia income. Under schedule 7, provide your gross receipts from business within and outside of Georgia and perform the requested calculations to yield your Georgia ratio of apportioned income. Under schedule 8, indicate any business income, portfolio income and operating expenses and perform the requested calculations to yield your taxable business income for Georgia. Under schedule 9, perform the requested calculations to yield your total Georgia net income.
Indicate any claimed tax credits. Under schedules 10 and 11, include any claimed or assigned tax credits, providing the credit type code, corporation name, federal identification number and amount of credit for each.
Fill out Schedule 11. For all carryover losses, indicate the year in which the loss was originally incurred, the amount of loss, the income year, the amount of loss utilized in the current year, the balance and remaining loss. On lines 1 through 3, perform the requested calculations.
File Form 600 and a copy of IRS Form 1120 with the Georgia Department of Revenue. Mail the completed forms to Georgia Department of Revenue; Processing Center; P.O. Box 740397; Atlanta, Georgia 30374-0397. Make your check payable to the Georgia Department of Revenue.