State Form GA G-1003

Georgia Income Statement Transmittal

The GA G-1003, “Georgia Income Statement Transmittal”, is a form used by employers and payers in the state of Georgia. Its primary purposes include:

Annual Reconciliation

The GA G-1003 provides the Georgia Department of Revenue with a summary of the total state income tax that an employer or payer has withheld from its recipients throughout the calendar year. The form helps ensure that the amounts reported on individual income statements align with the total tax withheld and remitted to the state.

Submission of Wage and Payment Statements

Along with the GA G-1003, employers and payers are required to submit copies of the wage and payment statements they have issued, such as W-2 and 1099 forms. This ensures the state has a record of individual income and tax information for each recipient.

Compliance with State Tax Laws

Filing the GA G-1003 is part of fulfilling an employer’s or payer’s obligations under Georgia’s tax laws. Not filing or incorrectly filing can result in penalties and interest.

Reference for Recipients

By reporting the withheld taxes to the state, the Department of Revenue can verify and cross-check information when recipients file their individual state tax returns.

It’s essential to file the GA G-1003 to remain in compliance with state’s tax laws and regulations when you’ve made payments that require information returns and have had Georgia income tax withheld. Not filing or late filing can lead to penalties and interest charges.