Delaware Form 200-C - Delaware Composite Personal Income Tax Return

DELAWARE

1999

FORM 200-C

DELAWARE COMPOSITE

PERSONAL INCOME TAX RETURN

FISCAL YEAR _______/_______/_______ TO _______/_______/_______

DO NOT WRITE OR STAPLE IN THIS AREA

CHECK APPLICABLE BOX:

INITIAL RETURN

FINAL RETURN

AMENDED RETURN

LIST NUMBER OF NON-RESIDENT PARTNERS/SHAREHOLDERS: ___________

NAME OF BUSINESS

ADDRESS

CITY

STATE

ZIP CODE

DELAWARE ADDRESS (IF DIFFERENT)

CITY

STATE

ZIP CODE

DATE AND STATE OF INCORPORATION

EMPLOYER IDENTIFICATION OR SOCIAL SECURITY NUMBER

NATURE OF BUSINESS

1. DELAWARE SOURCED INCOME (NON-RESIDENTS ONLY)......................................................................................................

2. TAX LIABILITY (MULTIPLY LINE 1 BY .064).................................................................................................................................

3. NON REFUNDABLE CREDITS (MUST ATTACH FORM 700).......................................................................................................

4. BALANCE (SUBTRACT LINE 3 FROM LINE 2. CANNOT BE LESS THAN ZERO).....................................................................

5. ESTIMATED TAXES PAID (S CORPORATIONS ATTACH COPY OF FORM 1100, SCHEDULE A-1)........................................

6. IF LINE 5 IS LESS THAN LINE 2, SUBTRACT LINE 5 FROM LINE 2 AND ENTER HERE..................................PAY IN FULL>

7. IF LINE 2 IS LESS THAN LINE 5, SUBTRACT LINE 2 FROM LINE 5 AND ENTER HERE.........................................REFUND>

UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE EXAMINED THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS, AND TO THE BEST

OF MY KNOWLEDGE AND BELIEF IT IS TRUE, CORRECT, AND COMPLETE. IF PREPARED BY A PERSON OTHER THAN TAXPAYER, HIS DECLARATION IS BASED ON ALL

INFORMATION OF WHICH HE HAS ANY KNOWLEDGE.

SIGNATURE OF AUTHORIZED OFFICER

TITLE

DATE

SIGNATURE OF PREPARER

PREPARER'S EMPLOYER ID OR SOCIAL SECURITY NUMBER

DATE

MAKE CHECK PAYABLE AND MAIL TO: DELAWARE DIVISION OF REVENUE, P.O. BOX 508, WILMINGTON, DE 19899-0508

INSTRUCTIONS FOR COMPOSITE PERSONAL INCOME TAX RETURN

The Delaware Division of Revenue will accept a composite return of qualifying

The following limitations and conditions shall apply to those members included

non-resident shareholders of an S corporation (or of a limited liability company

in the composite return:

which is treated as a partnership) or of qualifying non-resident individual

partners of a partnership if all conditions specified below are met:

· No tax credits other than non-refundable credits from Form 700 will be

allowed.

· No net operating losses will be allowed.

· Members included in the composite return must be non-residents of the State

of Delaware for the full taxable year.

· Any refund or overpayment of income taxes made on a composite basis must

· Members included in the composite return must have no income (including

be remitted to the organization for distribution to the members.

spouse's) from sources within the state other than his or her distributive share

of corporate or partnership income whose source is within Delaware.

A composite return may not be changed or corrected except by an amended

· All members included in the composite return must have the same tax year for

composite return filed by the entity.

income tax purposes.

Composite returns are due on the 15th day of the fourth month following the

An affidavit stating the member qualifies for inclusion in a composite return

close of the taxable year of the shareholders or partners included in the

under the three items above must be executed by each member included in the

composite return. Federal Extensions of Time to File will be accepted on a

composite return. The affidavits must be maintained in the corporation or

composite basis.

partnership files and are subject to review by the Division of Revenue.

The Delaware Division of Revenue requires Schedule K-1 for all corporate

There is a requirement for all qualifying non-resident individual partners to file

partners, non-resident individual partners, and shareholders.

the Delaware Form 200-C. If one or more partners choose not to file the

The composite return must be signed by the partners or corporate officers

Delaware Form 200-C, they must file a Delaware Non-Resident Personal Income

Tax Return, Form 200-02.

authorized to sign the partnership return or S corporation income tax return.

Delaware Form 200-C - Delaware Composite Personal Income Tax Return - 1999

Related Articles

Related forms

Related Categories