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I have a S-Corp which has GA withholding tax of ~$25K. Can I claim withholding either as a refund on the 600S (no tax liability) or distribute it to shareholders?

rosael
Level 3
I've registered the corp with GA dept of Revenue and filed a G1003 as well as a G2-FL. I'm a bit loss as to where to go from here.
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4 Comments 4
sjrcpa
Level 15

Are you saying someone withheld GA tax on amounts paid to the S Corp?

The more I know, the more I don't know.
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rosael
Level 3

Yes, taxes were withheld on the s-corporate level.

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Just-Lisa-Now-
Level 15
Level 15
Im curious, what type of income had state withholding on it?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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rosael
Level 3

It's a Loan-out. Theatrical Performances. This is actually pretty common for these types of businesses. I've just never had it in GA and the rules seem to be somewhat perplexing.

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