Georgia Pass Through Entity Returns Form 700 Partnership And Form 600s S Corporation
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Accounting and tax skills
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Georgia Individual Income Tax Return (Form 500) for sole proprietors and single-member LLCs. Covers the flat 5.19% rate (tax year 2025), Georgia taxable income computation from federal AGI, standard deduction, dependent exemption, and estimated tax. Trigger: taxpayer is a Georgia resident or has Georgia-source income.
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Georgia content skill for the Net Worth Tax under Form 600 Part II — a separate capital/equity tax distinct from corporate income tax. Covers tax year 2025 including the application to C-corporations, S-corporations, and LLCs taxed as corporations (NOT to sole props, partnerships, or multi-member LLCs taxed as partnerships), the tax base as the greater of issued+outstanding capital stock+paid-in-capital or net worth (assets minus liabilities), the graduated rate structure with cap at $5,000, apportionment for multistate corporations, and filing combined with the corporate income tax Form 600.
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Georgia Individual Income Tax Return (Form 500) — STARTER DRAFT
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Georgia content skill for individual and corporate estimated tax payments covering tax year 2025. Includes Form 500-ES quarterly installment schedule (Apr 15 / Jun 15 / Sep 15 / Jan 15), safe-harbor rules (100% prior year tax or 70% current year, with 110% prior-year safe harbor for high-income taxpayers with AGI over $150,000), Form GA-8453 underpayment penalty computation, the annualized income method for seasonal income, GA Department of Revenue interest rate for underpayment penalty calculation, and interaction with the GA PTE election under O.C.G.A. §48-7-23.
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