notice
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Individual Income Tax Deadline Extended
The state of Georgia is automatically extending the 2020 individual income tax filing and payment deadline from April 15, 2021 to May 17, 2021, without penalties or interest.
For information related to unemployment income, please read FAQ #3.
Partnerships - FAQ
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Where do I deduct separately stated expenses (Section 179, charitable contributions, investment expenses etc.) on the partnership Form 700?
Since these items may be subject to further limitations, they are not deducted in the calculation of Georgia net income of the partnership. The portion of these expenses that are attributable to Georgia, that have not been included in the partnership's Georgia net income and that have been allowed on the taxpayer's Federal tax return, can also be subtracted on the partner's Georgia return.
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Does a partnership have to pay net worth tax?
The Partnership Return is an information return only and partnerships are not subject to the net worth tax.
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Does Georgia have its own K-1?
No.