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    Georgia S-Corp

    I have just completed a client's S-Corp business tax with a Federal Net Profit of about 50,000. His Form 600S is reading a new worth tax of $10.
    Please, am I right? Are there other business taxes he must file? I know only of Yearly Corporation Annual Registration.

    Thanks

    #2
    Originally posted by anu31402 View Post
    I have just completed a client's S-Corp business tax with a Federal Net Profit of about 50,000. His Form 600S is reading a new worth tax of $10.
    Please, am I right? Are there other business taxes he must file? I know only of Yearly Corporation Annual Registration.

    Thanks
    Well, yeah! If the business operated in Georgia, then Georgia income tax appliles
    to the net profit.

    Why didn't your software (assuming you don't do things the old fashioned way, by hand,
    not pick that up? You have to tell the software which state taxes the revenue.
    ChEAr$,
    Harlan Lunsford, EA n LA

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