Get Ga It-rtm 2019-2025

The GA IT-RTM form facilitates the application for the railroad track maintenance tax credit, available for specific taxable years. This guide provides step-by-step instructions to help users effectively complete and submit the form online.

Follow the steps to accurately complete your GA IT-RTM form.

1. Click ‘Get Form’ button to obtain the form and open it in the designated editor.
2. Enter the name of the taxpayer in the designated field. This should be the legal name associated with the business or entity claiming the credit.
3. Provide the Federal Employer Identification Number or Social Security Number as instructed. Ensure accuracy to prevent processing delays.
4. Fill in the street address of the business. Include the city, state, and zip code to complete the location details.
5. Select the type of business from the options provided: Partnership/LLC, Sole Proprietor, S Corporation, C Corporation, or Fiduciary.
6. Indicate the tax year end, ensuring that it corresponds to the taxable year for which you are claiming the credit.
7. Enter the contact person's name and telephone number for any inquiries related to the form submission.
8. Input the preapproval certificate number in the area specified, important for validating the claim.
9. Complete the financial sections, beginning with Line 1, where you will report the qualified railroad track maintenance expenditures incurred during the taxable year.
10. Proceed to calculate the Percent Limitation on Line 2, and then multiply the values from Line 1 and Line 2, entering the result in Line 3.
11. Record the miles of railroad track owned or leased in Georgia as of the end of the taxable year on Line 4.
12. Determine the Credit Limitation on Line 5 and multiply the value from Line 4 by the value from Line 5, providing the outcome on Line 6.
13. On Line 7, calculate the lesser value between Line 3 and Line 6, which will represent the credit amount generated for the tax year.
14. Report the amount preapproved on Line 8 and subtract this figure from Line 7 on Line 9 to find the adjustment to the preapproved amount.
15. After verifying all entries for accuracy, save your changes, and explore options to download, print, or share the form as needed.

Start filling out the GA IT-RTM online today to ensure you secure your eligible tax credit.