Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

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

Customer Question
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
Show More
Show Less
Ask Your Own Tax Question
Answered in 20 minutes by:
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: 17,870
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Hello

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

Please remember to rate my service excellent once you have all the information you need. If you have any other questions, please ask me – I’ll be happy to respond. Thank you!

Ask Your Own Tax Question
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.

Ask Your Own Tax Question
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago

Please respond

Ask Your Own Tax Question
Was this answer helpful?
Ask Robin D. Your Own Question
Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 17,870
17,870 Satisfied Customers
Experience: 15years with H & R Block. Divisional leader, Instructor

Robin D. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,495 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,870 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
My CPS has filed my federal tax return electronically and as
My CPS has filed my federal tax return electronically and as a confirmation has only provided to me a tracking number assigned by IRS (long 20-digit number). Is there a way to confirm what has been ef… read more
Carter McBride
Carter McBride
LLM
1,077 satisfied customers
I filed my federal taxes in mid February, with a tax refund.
I filed my federal taxes in mid February, with a tax refund. In mid April I received a letter of adjusted refund of an additional $2.00, with a refund check arriving within 4-6 weeks. May 19 I receive… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
242 satisfied customers
Filing an amended return. When filing an amended return for
Filing an amended return. When filing an amended return for S corp (1120S) for previous year do I need to include all forms included with original return, or only forms with any changes?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
17,870 satisfied customers
My name is **************. My Tax return was filed in very
My name is **************. My Tax return was filed in very Early March. I am expecting a Return of some $13,000. My Tax Guy says cheque was mailed on April 26th . Is that Correct ? I live in Collingwo… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
Irs tax question: If I file an amended return, will it
irs tax question: If I file an amended return, will it eliminate the understatement penalty? What should I do? Please provide IRS references.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
17,870 satisfied customers
IRS Refund - A 2017 tax return was filed and the refund was
IRS Refund -A 2017 tax return was filed and the refund was applied to 2018. Is there a way to request the refund to be returned instead of applied to next year?Thanks, JW… read more
Robin D.
Robin D.
Senior Tax Advisor 4
17,870 satisfied customers
Filed Tax 2014 return by April deadline this year. Return
Filed Tax 2014 return by April deadline this year. Return was sent certified. Received letter from IRS saying I did not file and assessing me large dollar amount. It was my understanding I could file … read more
Robin D.
Robin D.
Senior Tax Advisor 4
17,870 satisfied customers
What is the 2018 Federal capital gains tax rate for married
What is the 2018 Federal capital gains tax rate for married filing jointly with combined incomes of <$325K? Also, same question for California. We are selling our home and expect a capital gain of … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
Filing Late Tax Return Single taxpayer needs to file 2016
Filing Late Tax Return Single taxpayer needs to file 2016 and 2017 individual tax return. 2016 has a refund on the federal tax return. Can I apply that overpayment to 2017 even though the 2016 tax ret… read more
abci168
abci168
Principal
27 satisfied customers
I just filed a client's tax return for 2014. Tax return
I just filed a client's tax return for 2014. Tax return filing was due 4/15/2015...filed 4/17/2018. - just met the 3 year filing window. If I need to amend, is there a new window of time to do this?… read more
abci168
abci168
Principal
27 satisfied customers
Question regarding my 2017 federal tax return what can i
Hello Question regarding my 2017 federal tax return what can i deduct from my refinance with cash out for home improvement… read more
Shan-Nel Simmons
Shan-Nel Simmons
Tax Professional/Owner
Master\u0027s Degree
43 satisfied customers
I filed my return yesterday, 4/10. I owe federal tax of
Hi, I filed my return yesterday, 4/10. I owe federal tax of $8000. I would like to pay $2000 today on my credit card and the balance next week when I close on the sale of my house. Will the IRS give m… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,495 satisfied customers
I filed my state and federal taxes electronically and then
I filed my state and federal taxes electronically and then realized that I accidentally omitted something that significantly changes my refund from the federal and my payment to the state. I need to f… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
On line 17, Form 1120 ,C Corp Federal Tax return are state
On line 17, Form 1120 ,C Corp Federal Tax return are state corporate income taxes deductible.If I am doing my Federal C Corp returns for 2017 are the state corporate income taxes due but not paid yet … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
My wife and I filed separate federal and state returns
My wife and I filed separate federal and state returns because she was living and working in Illinois (separate property state) and could be considered a non-resident due to the safe harbor rule. She … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
Can my wife and l file seperate federal returns and a joint
Can my wife and l file seperate federal returns and a joint state return in Oregon? … read more
abci168
abci168
Principal
27 satisfied customers
I am divorced and I recently filed my federal return using
I am divorced and I recently filed my federal return using my daughter as a deduction My husband is upset because of information in our divorce decree. But my daughter has live with me for sixteen mon… read more
Robin D.
Robin D.
Senior Tax Advisor 4
17,870 satisfied customers
I e-filed my 2017 federal return yesterday. After submitting
I e-filed my 2017 federal return yesterday. After submitting I found an error & should be receiving an additional $1,150 back. Do I need to do anything to correct this, or will it automatically be cor… read more
Robin D.
Robin D.
Senior Tax Advisor 4
17,870 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x