Income Tax Filing and Payment Deadline is July 15, 2020
Due to COVID-19, DOR automatically extended income tax filing and payment deadlines. Remember to file and pay by Wednesday July 15, 2020.
Limited Liability Companies - FAQ
How is an LLC classified in Georgia?
Each limited liability company and foreign limited liability company is classified as a partnership for Georgia income tax purposes unless classified otherwise for Federal income tax purposes, in which case the limited liability company or foreign limited liability company is classified for Georgia income tax purposes in the same manner as it is classified for Federal income tax purposes. Accordingly, Georgia follows the Federal "Check the Box" classifications.
Does an LLC have to pay net worth tax?
An LLC is only subject to net worth tax if it is treated as a corporation for income tax purposes.