Jack Parks Sr., ATA ATPParks & Roberts Tax ServicePO BOX 3566Macon, GA 31205-3566Phone: 478.785.0520
I used the time ratio method to calculate the GA exemption amount for a part-year resident. This is calculated on schedule 3. The default calculation on schedule 3 uses the income ratio to calculate the allowed GA deduction and exemption amount (line 13).
GA DOR sent an assessment to the client disallowing the use of the time ratio method to calculate the exemption amount.
I think the time ratio method is allowed, but I could not find a reference in my version of the GA regs.
Any feedback on whether this is allowed and a reference to the GA rule or policy statement would be appreciated.
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