R-6111: Agreement to Transfer Tax Credits (2024)
Louisiana · Louisiana LDR · Used for tax years 2024
Louisiana Form R-6111 documents a binding agreement to transfer tax credits to be claimed for tax year 2024 or fiscal tax years ending in 2025. It identifies the taxpayer and transferor and requires notarized signatures from both parties.
Who files this form
Use Form R-6111 to document a binding agreement to transfer tax credits that will be claimed for tax year 2024 or fiscal tax years ending in 2025. The agreement is between the taxpayer acquiring the credits and the transferor providing them.
What you'll need
Have the following information ready to complete the form:
- Taxpayer: name, Louisiana Revenue Account Number or Social Security number, address and telephone number. Joint filers also provide the spouse’s Social Security number.
- Transferor: name, address, telephone number, fax and email.
- Signers: signature, printed name, title and date for the taxpayer and transferor, or their authorized representatives.
- Notarization: both agreement sections require notarized signatures, with the notary’s signature, printed name and ID number.
Common mistakes
- Filing the return before purchasing the credits. The taxpayer must purchase the credit before filing the return.
- Waiting until an extended deadline to execute the agreement. The form must be executed before the return’s due date, without regard to extensions. Otherwise, credits purchased under the agreement cannot be claimed on a return subsequently filed by the transferee.
- Assuming the agreement changes the tax period for the credits. Executing the form does not change the tax period against which the purchased credits may be applied.
- Not completing the agreed purchase. Failure to purchase credits from the named transferor according to the agreement results in applicable penalties and interest from the return’s due date, without regard to extensions.
Questions people ask
Which tax years does this form cover?
This version is for credits to be claimed for tax year 2024 or fiscal tax years ending in 2025.
Is this a binding agreement?
Yes. The form states that it evidences a binding agreement to transfer tax credits.
Can an authorized representative sign?
Yes. The signature lines allow the taxpayer’s authorized representative and the transferor’s authorized representative to sign. Both agreement sections require notarized signatures.
Can I file my return before buying the credit?
No. The form says the taxpayer must purchase the credit before filing the return.
Should I handwrite or type the form?
The form instructs you to print or type.