Important Reminders

• Be sure to include your federal employer identification number (FEIN) and taxable year beginning and ending dates on all forms and payments.
• Businesses that claim a credit for the rehabilitation of a heritage structure must complete Form 502H for the Heritage Structure Rehabilitation Tax Credit.
• Entities claiming business tax credits must complete Form 500CR.
• Nonresident partners and shareholders must file a nonresident return, Form 505. Credit may be claimed on the nonresident return for any tax paid on behalf of the nonresident by the pass-through entity.
• The tax rate that pass-through entities are required to pay on behalf of nonresident partners and shareholders is 6 percent.
• Certain investment partnerships are not subject to the nonresident tax. See the specific instructions for line 4 on Form 510.