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Shareholder Information > Georgia tab
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Use the state tabs in the
Shareholder Information
window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
window, then the state tab. Fields and buttons — Georgia information group box
Nonresident filer
If the shareholder is a nonresident, enter a code from the following table or select the code from the dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to withholding and consent agreement on file for the shareholder.
Code | Description |
|---|---|
1 | Withholding and consent agreement on file (default) .Select this option to indicate the shareholder is subject to withholding on Form G-2-A and an affidavit is already on file. This is the default filing for nonresident shareholder when a code is not selected from the drop-down list. |
2 | Withholding and consent agreement required .Select this option to indicate the shareholder is subject to withholding on Form G-2-A and an affidavit is required for the nonresident shareholder. UltraTax CS completes Form 600S-CA. |
3 | Exempt from withholding and consent agreement on file .Select 3 to indicate the shareholder is exempt from withholding and an affidavit is already on file. |
4 | Exempt from withholding and consent agreement required Select this option to indicate the shareholder is exempt from withholding and an agreement is required for the nonresident shareholder. UltraTax CS completes Form 600S-CA. |
5 | Composite filer and consent agreement on file .Select 4 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder and an agreement is already on file. UltraTax CS completes Form IT CR for participating nonresident shareholders. |
6 | Composite filer and consent agreement required .Select 6 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder and an agreement is required. UltraTax CS completes Form IT CR for participating nonresident shareholders and completes form 600S-CA. |
Country of residence
Enter the shareholder's country of residence. UltraTax CS transfers this information to Form 600S-CA.
Resident state
The shareholder's resident state is displayed in this field.
Part year state
Enter the state in which the shareholder was a part-year resident. Use this field if you're processing multiple state returns for this client. If applicable, the state uses this information to determine part-year residency status. Enter the state postal code or select the code from the dropdown list.
Part year state from and to
Enter the dates for which the shareholder was a resident of the part-year state above. Use this field if you are processing multiple state returns for this client. If applicable, the state uses this information to determine part-year residency status.
Supplemental information
Use this statement for supplemental information specific to each shareholder and for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use the GAKSep screen. UltraTax CS prints the information you enter in this statement in a supporting statement on Georgia's Shareholder Worksheet.
Composite return group box
Option to compute composite tax
If the shareholder is an individual composite filer, enter a code from the following table or select the code from the dropdown list to indicate the option to compute composite tax. UltraTax CS uses this information to complete the Georgia Composite Tax Computation Worksheet and Form IT-CR - Georgia Nonresident Composite Tax Return. If you leave this field blank, UltraTax CS uses option
2
if the shareholder is an individual composite filer.Code | Description |
|---|---|
1 | Option 1 .Select 1 to pay tax on the nonresident’s income from Georgia operations computed from the tax rate schedule. |
2 | Option 2 (default) .Select 2 to deduct the standard deduction and personal exemption and credit for dependents when computing tax on the nonresident’s income from Georgia operations. Both the standard deduction and personal exemption and credits will be apportioned on the ratio of the individual shareholder’s Georgia income to the individual shareholder’s share of total S Corporation income. This is the default option for nonresident individual shareholders when a code is not selected from the dropdown list. |
3 | Option 3 .Select this option to calculate a flat 6% tax on the nonresident’s income from Georgia operations. |
Number of dependents
Enter the individual composite shareholder's number of dependents when choosing option
2
to compute composite tax.Filing status
Enter the code for the composite shareholder's filing status from the following table or select the code from the dropdown list. UltraTax CS uses this information to complete the Georgia Composite Shareholder Worksheet and Form IT-CR - Georgia Nonresident Composite Tax Return. If you leave this field blank, UltraTax CS uses the single filing status.
Code Description | Name |
|---|---|
S | Single (default) |
M | Married |
HH | Head / Household |
MS | Married / Separate |
Withholding information group box
Nonresident distributions (Force)
UltraTax CS calculates the tax due on distributions to a nonresident shareholder based on property distributions from federal Schedule K-1. Enter an amount to force the shareholder's taxable distributions to a different amount. If you enter an amount less than $1,000, the shareholder is deemed not subject to withholding and Form G-2-A will not print for the shareholder.
Tax withheld (Force)
UltraTax CS calculated the tax withheld on the taxable income of nonresident shareholders. Enter an amount to force the nonresident shareholder's tax withheld to a different amount.