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My name is ***** *****. I am wondering if Georgia requires a…

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Hello, My name is...

Hello, My name is ***** *****. I am wondering if Georgia requires a L balance sheet, although the business made less than $250,000?

Accountant's Assistant: Thanks. Can you give me any more details about your issue?

Yes. I filing a 1120s return.

Submitted: 2 years ago.Category: Tax
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2/17/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,364
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Hello

Georgia requires a Schedule L even if it was not required by federal.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago

http://dor.georgia.gov/documents/it-611-2015-corporation-income-tax-booklet

The requirement used to be listed in the booklet but although it is not shown in 2015 booklet, I would still attach the Schedule L no matter what. GA has always wanted that.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago

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