PDF
Word
Sample Form F-1196 Allocation for Research and Development Tax Credit for Florida Corporate Income / Franchise Tax - Florida
What Is Form F-1196?
This is a legal form that was released by the Florida Department of Revenue - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form F-1196?A: Form F-1196 is the Allocation for Research and Development Tax Credit for Florida Corporate Income/Franchise Tax.
Q: Who should file Form F-1196?A: Florida corporations claiming a research and development tax credit should file Form F-1196.
Q: What is the purpose of Form F-1196?A: The purpose of Form F-1196 is to allocate the research and development tax credit among affiliated corporations.
Q: What is the research and development tax credit?A: The research and development tax credit is a tax incentive to encourage businesses to invest in research and development activities.
Q: How is the research and development tax credit allocated?A: The research and development tax credit is allocated among affiliated corporations based on their respective qualified research expenses.
Q: When is Form F-1196 due?A: Form F-1196 is due on or before the due date of the Florida corporate income/franchise tax return.
Q: Are there any penalties for not filing Form F-1196?A: Yes, failure to file Form F-1196 may result in penalties and interest.
Q: Can I claim the research and development tax credit if I am not a Florida corporation?A: No, the research and development tax credit is specifically for Florida corporations.
Q: Is the research and development tax credit refundable?A: No, the research and development tax credit is non-refundable.
Q: Can I carry forward any unused research and development tax credit?A: Yes, any unused research and development tax credit can be carried forward for up to five years.
Q: Is there a cap on the research and development tax credit?A: No, there is no cap on the research and development tax credit.
Q: What documentation do I need to support my research and development tax credit claim?A: You should maintain adequate records and documentation to support your research and development tax credit claim.
Q: Can I amend my Form F-1196?A: Yes, you can amend your Form F-1196 within three years from the due date of the original return or within one year from the date the tax was paid, whichever is later.
Form Details:
- Released on January 1, 2018;
- The latest edition provided by the Florida Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form F-1196 by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the Florida Department of Revenue.
Download Sample Form F-1196 Allocation for Research and Development Tax Credit for Florida Corporate Income / Franchise Tax - Florida
1
2
3
4
5
