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Fill a Valid Georgia 600 T Template

The Georgia Form 600-T is the Exempt Organization Unrelated Business Income Tax Return, which must be filed by exempt organizations that generate unrelated business income from Georgia sources. This form is necessary for compliance with Georgia tax regulations and is due on or before the federal Form 990-T deadline. Organizations must ensure to attach a copy of their federal Form 990-T along with any supporting schedules when submitting the Georgia return.

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Common mistakes

Not including a copy of Federal Form 990-T and supporting schedules. This is required to complete the Georgia Form 600-T.
Failing to provide the correct Federal Employer Identification Number (FEIN). Ensure that this number is accurate to avoid delays.
Forgetting to sign the return. Both the officer of the organization and the preparer must sign the form.
Omitting the Georgia unrelated business taxable income. This is calculated from line 5 and is essential for determining tax liability.
Not checking the box for the UET Annualization Exception if applicable. This could affect penalty calculations.
Incorrectly calculating the tax due. The tax rate is 6%, and any errors can lead to penalties.
Failing to attach any necessary extensions or documentation. If an extension was filed with the IRS, include it with the Georgia return.
Missing the filing deadline. The return is due on or before the due date of the Federal Form 990-T.

Essential Points on This Form

What is the Georgia Form 600-T?

The Georgia Form 600-T is the Exempt Organization Unrelated Business Income Tax Return. It is used by organizations that are exempt from federal income tax but have unrelated business income from Georgia sources. This form allows these organizations to report their unrelated business taxable income and calculate the taxes owed to the state of Georgia.

Who is required to file the Georgia Form 600-T?

Every exempt organization that is required to file a Federal Form 990-T and has unrelated trade or business income from Georgia sources must file the Georgia Form 600-T. This includes organizations that have received tax-exempt status under section 501(a) of the Internal Revenue Code.

When is the Georgia Form 600-T due?

The Georgia Form 600-T is due on or before the due date of the Federal Form 990-T. It is important to file on time to avoid penalties and interest on any taxes owed.

Where should I send the completed Georgia Form 600-T?

Completed forms should be mailed to the Georgia Department of Revenue Processing Center at P.O. Box 740397, Atlanta, Georgia 30374-0397. Make sure to include any required attachments, such as a copy of the Federal Form 990-T.

What is the tax rate for unrelated business income in Georgia?

The tax rate for unrelated business income in Georgia is 6%. This rate applies to the taxable income calculated on the Georgia Form 600-T after accounting for any additions or subtractions.

Can I get an extension for filing the Georgia Form 600-T?

Yes, you can request an extension of time for filing by submitting Form IT-303 before the due date of the return. If you have already received an extension from the IRS for your Federal return, you do not need to apply separately for a Georgia extension; just attach a copy of the IRS extension request to your Georgia return.

What happens if I file or pay late?

If you file or pay late, penalties will apply. For late filing, there is a penalty of 5% of the tax not paid for each month or part of a month of delinquency. For late payment, a penalty of 0.5% applies for each month or part month. Interest also accrues at a rate of 12% per year on any tax due from the original due date until paid.

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

You must attach a copy of the Federal Form 990-T and any supporting schedules, as well as any extensions if applicable. These documents are essential for processing your return accurately.

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Georgia 600 T Sample

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)

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
					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. Additions			2.
3.	Total (add line 1 and line 2)
3.	Total (add line 1 and line 2)		3.
4. Subtractions
4. Subtractions			4.
5.	Georgia unrelated business taxable income (line 3 less line 4)
5.				5.

COMPUTATION OF GEORGIAUNRELATED BUSINESS INCOME TAX				SCHEDULE 2
1.	Line 5, above, multiplied by 6%			1.
1.	Line 5, above, multiplied by 6%
2.	Less: Credits and Payments			2.
2.	Less: Credits and Payments
3. Withholding Credits (G-2A, G-2LP and/or G-2RP)				3.

				4.
4. Balance of tax due OR overpayment				4.

				5.
5. Interest due (see instructions)				5.

				6.
6.	Underestimated tax penalty			6.
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
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”.

Key takeaways

Filing the Georgia Form 600-T is a critical responsibility for exempt organizations with unrelated business income. Here are key takeaways to ensure compliance and accuracy:

Eligibility: Only organizations required to file a Federal Form 990-T and having unrelated trade or business income from Georgia sources must complete the Georgia Form 600-T.
Filing Deadline: The form is due on or before the due date of the Federal Form 990-T. Late submissions can incur penalties.
Mailing Address: Send the completed form to the Georgia Department of Revenue Processing Center at P.O. Box 740397, Atlanta, GA 30374-0397.
Attachments Required: A copy of the Federal Form 990-T and all supporting schedules must accompany the Georgia return.
Tax Rate: Unrelated business income is taxed at a rate of 6% as per Georgia Code Section 48-7-25(c).
Accounting Method: Use the organization’s regular accounting method to compute taxable income, ensuring it accurately reflects the income.
Penalties for Non-Compliance: Be aware of penalties for late filing (5% per month) and late payment (0.5% per month). Interest accrues at 12% annually on unpaid taxes.
Extensions: If a Federal extension is granted, attach a copy to the Georgia return. Otherwise, apply for an extension using Form IT-303 before the due date.

Understanding these points can help organizations navigate the complexities of tax compliance in Georgia effectively.

Document Characteristics

Fact Name	Fact Description
Form Purpose	The Georgia Form 600-T is used for filing the Unrelated Business Income Tax Return for exempt organizations.
Governing Law	This form is governed by Georgia Code Section 48-7-25.
Filing Requirement	Every exempt organization with unrelated trade or business income from Georgia sources must file this form.
Filing Deadline	The return is due on or before the due date of the Federal Form 990-T.
Tax Rate	The unrelated business income is taxed at a rate of 6% as per Georgia Code Section 48-7-25(c).
Extension of Time	A reasonable extension may be granted by the Commissioner upon application using Form IT-303.
Penalties	Penalties for late filing include 5% of the unpaid tax for each month of delinquency.
Required Attachments	A copy of Federal Form 990-T and supporting schedules must be attached to the Georgia return.