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The Georgia Form 600-T serves as the Exempt Organization Unrelated Business Income Tax Return, specifically designed for organizations that generate unrelated business income from Georgia sources. This form is essential for any exempt organization required to file a federal Form 990-T. It captures vital information, including the organization’s name, address, and federal employer identification number. The form also requires the organization to report its unrelated business taxable income, detailing any additions and subtractions to arrive at the Georgia unrelated business taxable income. Tax rates for this income are set at 6%, and the form includes sections for calculating the total tax due, along with any applicable credits, penalties, and interest. Organizations must file the 600-T by the same deadline as the federal return, and it must be mailed to the Georgia Department of Revenue. Additionally, if an organization is granted an extension for its federal filing, it can attach a copy of that request to the Georgia return. Compliance with filing requirements, including attaching a copy of the federal Form 990-T, is crucial to avoid penalties and interest on unpaid taxes.

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Georgia Form 600-T(Rev. 8/12)

Exempt Organization

Unrelated Business Income Tax Return

Amended

 

Amended due to IRS changes

 

 

 

Address Change

MailingAddress:

Georgia Department of Revenue

Processing Center

P.O. Box 740397

Atlanta, Georgia 30374-0397

UET Annualization Exception attached

PAGE 1

 

Exempt Organization Unrelated Business Income Tax Return (Under Georgia Code Section 48-7-25)

20

For the taxable year beginning ______________________, 20_______ and ending ______________________ , 20_______

Name of Organization

Name of Fiduciary

 

Federal Employer ID No. (in case of employees’

 

 

 

 

 

trust described in section 401 (a) and exempt under

 

 

 

 

 

section 501 (a), insert the trust’s identification number.)

Number and Street

Number and Street

 

 

 

 

 

 

 

 

 

 

 

 

City or Town

 

City or Town

 

 

NAICS Code

Date of current

IRS code section

 

 

 

 

 

 

 

 

 

 

 

exemption letter.

for which you are

 

 

 

 

 

 

 

exempt.

 

 

 

 

 

 

 

 

State

Zip Code

State

Zip

Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE 1

1. Unrelated business taxable income from Federal Form 990-T (attach copy)

1.

2. Additions

 

 

 

 

 

 

 

 

 

 

2.

3.

Total (add line 1 and line 2)

 

 

 

 

 

 

 

 

 

 

3.

4. Subtractions

 

 

 

 

 

 

 

 

 

 

4.

5.

Georgia unrelated business taxable income (line 3 less line 4)

 

5.

 

 

 

 

 

 

 

COMPUTATION OF GEORGIAUNRELATED BUSINESS INCOME TAX

SCHEDULE 2

1.

Line 5, above, multiplied by 6%

 

 

 

 

 

1.

 

 

 

 

 

2.

Less: Credits and Payments

 

 

 

 

 

2.

 

 

 

 

 

3. Withholding Credits (G-2A, G-2LP and/or G-2RP)

3.

4.

4. Balance of tax due OR overpayment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

5. Interest due (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

6.

Underestimated tax penalty

 

 

 

 

 

7.

Other penalties due (see instructions)

 

 

 

 

7.

8. Balance of tax, interest and penalties due with return

8.

9.

If line 4 is an overpayment, amount to be credited on 20

 

 

 

 

 

Estimated Tax

 

Refunded

 

 

 

A COPY OF THE FEDERAL 990 T AND SUPPORTING SCHEDULES (AND ANY EXTENSION) MUST BE ATTACHED TO THIS RETURN. DECLARATION: I/We declare, under penalty of perjury that I/we have examined this return (including accompanying schedules and statements) and to the best of our knowledge and belief it is true, correct and complete. If prepared by a person other than a taxpayer,his/her declaration is basd on all informa- tion of which s/he has any knowledge.

Signature of Officer

 

Signature of Individual or Firm Preparing Return

Title

Date

Employee ID or Social Security Number

PAGE 2

INSTRUCTIONS FOR FORM 600-T EXEMPT ORGANIZATION UNRELATED BUSINESS INCOME TAX RETURN

FILING REQUIREMENTS

Everyexemptorganization,whichis requiredto filea Form

990-TwiththeFederalGovernmentandhasunrelatedtrade

or business income from Georgia sources, must file a

Georgia Form 600-T.

WHENAND WHERE TO FILE

The return is due on or before the due date of the Federal Form 990-T as provided under the Internal Revenue Code. Returns should be mailed to the Georgia Department of Revenue,ProcessingCenter,P.O.Box740397,Atlanta,GA 30374-0397.

EXTENSION OF TIME

A reasonableextensionof time for filing may be granted by the Commissioner upon application on Form IT-303. This must be filed prior to the date the return is due and must show that the delay is due to a reasonable cause. If the taxpayerhas receivedfrom the InternalRevenueServicean extensionof timewithin which to file his Federalreturn, the taxpayer need not apply to the Georgia Department of Revenuefor a similar extension of time. All that is required is for a copy of the request for the Federal extension to be attached to the Georgia return. Interest accrues at the rate of 12% per year on any tax due from the regular due date of the return until paid. Georgia Law prohibits the granting of anextensionofover6monthsfromtheduedateofthereturn.

TAX RATE

As provided by Georgia Code Section 48-7-25(c), un- related business income shall be taxed at the rate of 6%.

ACCOUNTING METHOD

Taxable income must be computed using the method of accountingregularlyusedinkeepingtheorganization’sbooks and records. In all cases, the method adopted must clearly reflect taxable income.

PERIOD TO BE COVERED

The taxable period for Georgia purposes shall be the same as for Federal purposes.

ALLOCATION AND APPORTIONMENT OF INCOMEAND EXPENSES

For those organizations having unrelated business income for Georgia and in other states, the income and expenses relatedtoitsproductionshouldbeallocatedandapportioned to clearly reflect the Georgia unrelated business taxable income. Sufficient information should be attached to the Form 600-T to support the allocation and apportionment of income and expenses to Georgia.

PENALTIESAND INTEREST

Penalties provided by the Georgia Code are: For delin- quent filing- 5% of tax not paid by the original due date for each month or part of month of delinquency. For delinquent payment- 1/2 of 1% due for each month or part month of delinquency. An extension of time for filing does not alter delinquent payment penalty. Delin- quent payment is not due if the return is being amended due to an IRS audit. For negligent underpayment- 5% of amount of underpay-ment. For fraudulent underpay- ment- 50% of amount of underpayment. Interest accrues at the rate of 12% per year from the due date for payment to the date paid. An extension of time for filing does not alter the interest charge.

Underpayment of estimated tax (UET) Penalty. Attach Form 600 UET and enter the amount on line 6. Also if a penalty exception applies check the “UET Annualization Exception attached” box.

NOTE:Thecombinedtotalofthepenaltyfordelinquentfiling and penalty for delinquent payment cannot exceed 25% of the tax not paid by the original due date.

FEDERAL FORM 990-T

AcopyoftheFederalForm990-Tandsupportingschedules (and any extensions) must be attached to this return.

“Georgia Public Revenue Code Section 48-2-31 stipulates that taxes shall be paid in lawful money of theUnited States free of any expense to the State of Georgia”.

➤ PDF File

Form Specifications

Fact Name Description
Governing Law The Georgia Form 600-T is governed by Georgia Code Section 48-7-25, which pertains to the taxation of unrelated business income for exempt organizations.
Filing Requirement Every exempt organization with unrelated business income from Georgia sources must file this form if required to file a Federal Form 990-T.
Due Date The return is due on or before the due date of the Federal Form 990-T, as specified under the Internal Revenue Code.
Tax Rate Unrelated business income is taxed at a rate of 6%, as outlined in Georgia Code Section 48-7-25(c).
Penalties for Delinquency Penalties for late filing include a 5% charge of the unpaid tax for each month of delinquency, with a maximum of 25% of the total tax due.

Georgia 600 T: Usage Guidelines

Filling out the Georgia Form 600-T is essential for exempt organizations with unrelated business income from Georgia sources. This form must be completed accurately and submitted by the due date to avoid penalties. Below are the steps to help you fill out the form correctly.

  1. Obtain a copy of the Georgia Form 600-T. Ensure you have the latest version.
  2. Enter the taxable year at the top of the form, specifying the beginning and ending dates.
  3. Provide the name of the organization and the fiduciary. Include the Federal Employer Identification Number (FEIN) if applicable.
  4. Fill in the organization's address, including the city, state, and zip code.
  5. List the NAICS Code that corresponds to the organization's primary business activity.
  6. Indicate the date of the current IRS exemption letter.
  7. Complete Schedule 1 by entering the unrelated business taxable income from Federal Form 990-T. Attach a copy of this form.
  8. Add any additions to the income on line 2 of Schedule 1.
  9. Calculate the total by adding line 1 and line 2, and enter it on line 3.
  10. List any subtractions on line 4 of Schedule 1.
  11. Determine the Georgia unrelated business taxable income by subtracting line 4 from line 3. Enter the result on line 5.
  12. In Schedule 2, multiply the amount on line 5 by 6% and enter the result on line 1.
  13. List any credits and payments on line 2, including withholding credits if applicable.
  14. Calculate the balance of tax due or overpayment by subtracting line 2 from line 1. Enter this amount on line 4.
  15. Include any interest due on line 5, and any penalties on lines 6 and 7 as applicable.
  16. Calculate the total balance due, including tax, interest, and penalties, and enter it on line 8.
  17. If there is an overpayment, indicate the amount to be credited on the estimated tax for the following year on line 9.
  18. Sign and date the form in the declaration section. Include the title of the officer signing the return.
  19. Attach a copy of Federal Form 990-T and any supporting schedules before submitting.

After completing the form, review it for accuracy. Ensure all necessary attachments are included. Mail the form to the Georgia Department of Revenue Processing Center by the due date to avoid penalties.

Your Questions, Answered

What is the Georgia Form 600-T and who needs to file it?

The Georgia Form 600-T is an Exempt Organization Unrelated Business Income Tax Return. It is required for any exempt organization that has unrelated business income from Georgia sources and must file a Federal Form 990-T. If your organization earns income from activities that are not related to its exempt purpose, you will need to file this form to report that income to the state of Georgia.

When is the Form 600-T due?

The Form 600-T is due on or before the due date of the Federal Form 990-T. This means you should check the federal filing deadline and ensure your Georgia return is submitted by the same date. To file, send the completed form to the Georgia Department of Revenue Processing Center at P.O. Box 740397, Atlanta, GA 30374-0397.

What are the penalties for late filing or payment?

Penalties for late filing include a 5% charge on the tax not paid by the original due date for each month or part of a month that the return is late. If you fail to pay the tax on time, there is an additional penalty of 0.5% for each month or part month of delinquency. Keep in mind that these penalties can accumulate, and interest will accrue at a rate of 12% per year from the due date until the tax is paid.

What documents must be attached to the Form 600-T?

When filing the Form 600-T, you must attach a copy of the Federal Form 990-T along with any supporting schedules and extensions. This documentation is essential for the Georgia Department of Revenue to verify your reported income and ensure compliance with state tax laws.

Common mistakes

  1. Incorrect Tax Year Dates: Failing to accurately fill in the beginning and ending dates for the taxable year can lead to significant errors in tax calculations.

  2. Missing Federal Form 990-T: Not attaching a copy of the Federal Form 990-T and its supporting schedules can result in rejection of the return.

  3. Errors in Income Calculation: Miscalculating unrelated business taxable income from Federal Form 990-T may lead to incorrect tax amounts.

  4. Improperly Reporting Additions and Subtractions: Failing to accurately report additions and subtractions can distort the final tax calculation.

  5. Incorrect Mailing Address: Sending the form to the wrong address can delay processing and lead to penalties.

  6. Signature Issues: Not signing the form or having the wrong person sign can invalidate the return.

  7. Ignoring Penalties and Interest: Not considering potential penalties and interest for late filing or payment can lead to unexpected financial burdens.

  8. Failure to Apply for Extensions: Not applying for an extension when needed can result in late filing penalties.

Documents used along the form

The Georgia Form 600-T is an essential document for exempt organizations reporting unrelated business income. Alongside this form, several other documents are commonly required to ensure compliance with state and federal regulations. Below is a list of these documents, each serving a specific purpose in the tax reporting process.

  • Federal Form 990-T: This is the primary federal tax form that exempt organizations must file to report unrelated business income. A copy of this form, along with any supporting schedules, must be attached to the Georgia Form 600-T.
  • Form IT-303: This form is used to request an extension of time for filing the Georgia Form 600-T. It must be submitted before the original due date and should demonstrate a reasonable cause for the extension.
  • Form 600 UET: This form is necessary for reporting any underpayment of estimated tax. If applicable, it should be attached to the Georgia Form 600-T to avoid penalties.
  • Schedule A of Form 990-T: This schedule provides detailed information on the organization's unrelated business income. It is crucial for accurately calculating the income subject to Georgia tax.
  • State Exemption Letter: A copy of the current IRS code section exemption letter is needed to confirm the organization’s tax-exempt status, which is essential for filing the Georgia Form 600-T.
  • Supporting Documentation: This includes records and statements that substantiate the organization’s income and expenses related to unrelated business activities. Proper documentation is vital for compliance and to support claims made on the tax forms.
  • Payment Voucher (Form ST-3): If tax is owed, this voucher should accompany the payment submitted with the Georgia Form 600-T. It helps ensure that payments are properly credited to the organization's account.

These documents collectively facilitate the accurate reporting and compliance of tax obligations for exempt organizations in Georgia. Properly preparing and submitting each form helps avoid potential penalties and ensures that the organization maintains its tax-exempt status.

Similar forms

The Georgia Form 600-T is an important document for exempt organizations that have unrelated business income. It shares similarities with several other tax-related forms. Below is a list of eight documents that are comparable to the Georgia Form 600-T, along with explanations of how they are similar.

  • Federal Form 990-T: This is the federal version of the tax return for exempt organizations with unrelated business income. Like the Georgia Form 600-T, it requires reporting of unrelated business taxable income and has similar filing deadlines.
  • Form 1040: While primarily for individual taxpayers, Form 1040 also requires reporting of various types of income, including business income. Both forms focus on income tax liability, although they cater to different entities.
  • Form 990: This form is used by tax-exempt organizations to provide the IRS with financial information. Both the Form 990 and the Georgia Form 600-T require detailed reporting of income and expenses related to the organization’s activities.
  • Form 1065: Partnerships use this form to report income, deductions, and credits. Similar to the Georgia Form 600-T, it involves reporting on business activities and income, although it pertains to partnerships rather than exempt organizations.
  • Form 1120: This is the corporate income tax return. Like the Georgia Form 600-T, it requires corporations to report their taxable income, although it applies to for-profit entities rather than exempt organizations.
  • Form IT-303: This is the application for an extension of time to file Georgia income tax returns. Similar to the Georgia Form 600-T, it is used to request additional time for filing, ensuring compliance with state tax regulations.
  • Form G-2A: This form is used for withholding credits in Georgia. Both the G-2A and the Georgia Form 600-T involve calculations related to tax credits and payments, impacting the overall tax liability.
  • Form 990-EZ: This is a shorter version of Form 990 for smaller tax-exempt organizations. Like the Georgia Form 600-T, it is designed to simplify the reporting process while still requiring detailed financial information.

Dos and Don'ts

When filling out the Georgia Form 600 T, there are important practices to keep in mind. Here’s a list of things you should and shouldn’t do:

  • Do ensure that you attach a copy of the Federal Form 990-T and any supporting schedules.
  • Do double-check that all information is accurate and complete before submitting the form.
  • Do file the form by the due date to avoid penalties.
  • Do use the accounting method that your organization regularly uses for keeping books and records.
  • Do include any necessary information to support allocation and apportionment of income and expenses.
  • Don't forget to sign the declaration at the end of the form.
  • Don't leave any sections blank; incomplete forms can lead to delays or penalties.
  • Don't submit the form without ensuring that all required attachments are included.
  • Don't ignore the penalties for late filing or payment; they can accumulate quickly.
  • Don't assume that an extension for federal filing automatically applies to the Georgia form; you must attach the federal extension request if applicable.

Misconceptions

Understanding the Georgia Form 600 T can be challenging, especially with the various misconceptions that surround it. Here are seven common misunderstandings about this tax form:

  • Misconception 1: Only for-profit organizations need to file Form 600 T.

    • This is incorrect. Form 600 T is specifically for exempt organizations that have unrelated business income. Even if an organization is tax-exempt, it must file this form if it earns income from activities not related to its exempt purpose.

  • Misconception 2: Form 600 T is only required if the organization owes taxes.

    • Organizations must file Form 600 T regardless of whether they owe taxes. The form is necessary to report unrelated business income, even if that income results in no tax liability.

  • Misconception 3: The filing deadline for Form 600 T is different from the federal Form 990-T.

    • This is a common error. The filing deadline for Form 600 T aligns with that of the federal Form 990-T. Organizations should ensure they submit both forms by the same due date.

  • Misconception 4: There are no penalties for late filing if the organization is tax-exempt.

    • Even tax-exempt organizations face penalties for late filing. The Georgia Department of Revenue imposes a penalty for delinquent filing, which can accumulate over time.

  • Misconception 5: Organizations can ignore the income generated from unrelated business activities.

    • It is essential to report all unrelated business income. Ignoring this income can lead to serious consequences, including fines and penalties.

  • Misconception 6: Form 600 T can be filed without any supporting documentation.

    • This is misleading. A copy of the federal Form 990-T and any supporting schedules must accompany Form 600 T when it is submitted. This ensures that all reported income is verified and accurate.

  • Misconception 7: Organizations can automatically receive an extension for filing Form 600 T.

    • While extensions can be granted, they must be applied for using Form IT-303 before the original due date. Organizations cannot assume they will receive an extension without taking the necessary steps.

By addressing these misconceptions, organizations can better navigate the complexities of filing the Georgia Form 600 T and ensure compliance with state tax regulations.

Key takeaways

Filling out the Georgia Form 600-T requires careful attention to detail. Here are key takeaways to ensure compliance and accuracy:

  • Every exempt organization with unrelated business income from Georgia sources must file Form 600-T.
  • The return is due on or before the due date of the Federal Form 990-T.
  • Mail the completed form to the Georgia Department of Revenue at the specified address.
  • Extensions can be requested using Form IT-303, but must be submitted before the original due date.
  • If an extension is granted by the IRS, attach a copy to the Georgia return without needing a separate request.
  • Unrelated business income is taxed at a rate of 6% as per Georgia law.
  • Use the accounting method that accurately reflects the organization’s taxable income.
  • Ensure that the taxable period for Georgia matches the federal taxable period.
  • For income from multiple states, allocate and apportion income and expenses appropriately to reflect Georgia’s taxable income.
  • Attach a copy of the Federal Form 990-T and all supporting schedules to the Georgia return.

Understanding these points can help streamline the filing process and minimize potential penalties.