Form F-1120A "Florida Corporate Short Form Income Tax Return" - Florida

What Is Form F-1120A?

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.

Form Details:

  • Released on January 1, 2020;
  • 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-1120A by clicking the link below or browse more documents and templates provided by the Florida Department of Revenue.

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Download Form F-1120A "Florida Corporate Short Form Income Tax Return" - Florida

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F-1120A
Florida Corporate Short Form
R. 01/20
Rule 12C-1.051, F.A.C.
Income Tax Return
Effective 01/20
Page 1 of 4
For tax year beginning on
019
or after January 1,
2
Where to Send Payments and Returns
FEIN:
Make check payable to and mail with return to:
Taxable Year End:
Florida Department of Revenue
5050 W Tennessee St
Tallahassee FL 32399-0135
If you are requesting a refund (Line 9b), send your
return to:
Florida Department of Revenue
PO Box 6440
Tallahassee FL 32314-6440
New
- Online Information Reporting Requirement
Who May File a Florida Corporate Short Form
Visit the Department's website to obtain a list of the required
(Florida Form F-1120A)?
information, due date, penalty rate and application to enter
Corporations or other entities subject to Florida corporate income tax must file a
the information. (See section 220.27, Florida Statutes)
Florida Corporate Income/Franchise Tax Return (Florida Form F-1120) unless they
qualify to file a Florida Corporate Short Form Income Tax Return (Florida Form
F-1120A).
Online Filing Application for Florida Form F-1120A
A corporation qualifies to file Florida Form F-1120A if it meets ALL of the following
criteria:
We encourage Florida Corporate Short Form (Florida
• It has Florida net income of $45,000 or less.
Form F-1120A) filers to use the Department’s online
• It conducts 100 percent of its business in Florida.
filing application. The software application will guide you
• It does not report any additions to and/or subtractions from federal taxable
through the process. Go to the Department's website at
income other than a net operating loss deduction and/or state income taxes,
if any.
floridarevenue.com for more information, to register, and
• It is not included in a Florida or federal consolidated corporate income tax return.
to enroll for e-Services.
• It claims no tax credits other than tentative tax payments or estimated tax
payments.
Florida Form F-1120A is a machine-readable form. Please follow the instructions. Use black ink.
0123456789
If hand printing this document, print your numbers as shown
If typing this document, type through the boxes and type all
0 1 2 3 4 5 6 7 8 9
and write one number per box. Write within the boxes.
of your numbers together.
,
,
U.S. DOLLARS
CENTS
Florida Corporate Short Form
F-1120A
Check here if negative
1. Federal
Income Tax Return
R. 01/20
taxable
,
,
Mail coupon only.
income
Keep top portion for your records.
2. Plus (+)
Federal
NOLD + state
,
,
income tax
3. Less (-)
Florida NOLD
Name
,
Address
4. Less (-)
Florida exemption
City/St/ZIP
,
Check here if negative
,
5. Equals (=)
DOR USE ONLY
Florida net
If Line 5 is zero “0” or
,
income
less, enter “0” on Line 6.
6. Tax due:
If this amount is $2,500 or greater,
4.458% of Line 5
,
you cannot file Form F-1120A.
7. Less (-)
FEIN
Payment credits
,
8. Plus (+)
Taxable Year Beginning
Taxable Year End
Penalty and interest (See instructions)
,
M M D D Y Y
M M D D Y Y
Check here if negative
9. Total amount due or overpayment
(Complete Line 9a or 9b for overpayments)
REMEMBER TO COMPLETE THE BACK OF THE FORM
9a CREDIT
9b REFUND
9100 0 20199999 0002005043 2 3999999999 0000 2
F-1120A
Florida Corporate Short Form
R. 01/20
Rule 12C-1.051, F.A.C.
Income Tax Return
Effective 01/20
Page 1 of 4
For tax year beginning on
019
or after January 1,
2
Where to Send Payments and Returns
FEIN:
Make check payable to and mail with return to:
Taxable Year End:
Florida Department of Revenue
5050 W Tennessee St
Tallahassee FL 32399-0135
If you are requesting a refund (Line 9b), send your
return to:
Florida Department of Revenue
PO Box 6440
Tallahassee FL 32314-6440
New
- Online Information Reporting Requirement
Who May File a Florida Corporate Short Form
Visit the Department's website to obtain a list of the required
(Florida Form F-1120A)?
information, due date, penalty rate and application to enter
Corporations or other entities subject to Florida corporate income tax must file a
the information. (See section 220.27, Florida Statutes)
Florida Corporate Income/Franchise Tax Return (Florida Form F-1120) unless they
qualify to file a Florida Corporate Short Form Income Tax Return (Florida Form
F-1120A).
Online Filing Application for Florida Form F-1120A
A corporation qualifies to file Florida Form F-1120A if it meets ALL of the following
criteria:
We encourage Florida Corporate Short Form (Florida
• It has Florida net income of $45,000 or less.
Form F-1120A) filers to use the Department’s online
• It conducts 100 percent of its business in Florida.
filing application. The software application will guide you
• It does not report any additions to and/or subtractions from federal taxable
through the process. Go to the Department's website at
income other than a net operating loss deduction and/or state income taxes,
if any.
floridarevenue.com for more information, to register, and
• It is not included in a Florida or federal consolidated corporate income tax return.
to enroll for e-Services.
• It claims no tax credits other than tentative tax payments or estimated tax
payments.
Florida Form F-1120A is a machine-readable form. Please follow the instructions. Use black ink.
0123456789
If hand printing this document, print your numbers as shown
If typing this document, type through the boxes and type all
0 1 2 3 4 5 6 7 8 9
and write one number per box. Write within the boxes.
of your numbers together.
,
,
U.S. DOLLARS
CENTS
Florida Corporate Short Form
F-1120A
Check here if negative
1. Federal
Income Tax Return
R. 01/20
taxable
,
,
Mail coupon only.
income
Keep top portion for your records.
2. Plus (+)
Federal
NOLD + state
,
,
income tax
3. Less (-)
Florida NOLD
Name
,
Address
4. Less (-)
Florida exemption
City/St/ZIP
,
Check here if negative
,
5. Equals (=)
DOR USE ONLY
Florida net
If Line 5 is zero “0” or
,
income
less, enter “0” on Line 6.
6. Tax due:
If this amount is $2,500 or greater,
4.458% of Line 5
,
you cannot file Form F-1120A.
7. Less (-)
FEIN
Payment credits
,
8. Plus (+)
Taxable Year Beginning
Taxable Year End
Penalty and interest (See instructions)
,
M M D D Y Y
M M D D Y Y
Check here if negative
9. Total amount due or overpayment
(Complete Line 9a or 9b for overpayments)
REMEMBER TO COMPLETE THE BACK OF THE FORM
9a CREDIT
9b REFUND
9100 0 20199999 0002005043 2 3999999999 0000 2
F-1120A
R. 01/20
Page 2 of 4
The following instructions apply to questions
Who Must File a Florida Corporate Income/
A through J below.
Franchise Tax Return?
Corporate income tax is imposed by section (s.) 220.11, Florida Statutes (F.S).
A.
If the corporation is incorporated in the State of Florida, check “Yes.”
• All corporations (including tax-exempt organizations) doing business,
Otherwise, check “No” and enter the state or country of incorporation in
earning income, or existing in Florida.
the space provided.
• Every bank and savings association doing business, earning income, or
B.
If the corporation is registered with the Florida Secretary of State, check
existing in Florida.
“Yes” and enter the document number. For information, contact the
Department of State, Corporate Information, at 850-245-6052 or visit
• All associations or artificial entities doing business, earning income, or
their website at sunbiz.org.
existing in Florida.
C.
If the corporation timely filed a Florida Extension of Time (Florida Form
• Foreign (out-of-state) corporations that are partners or members in a
F-7004), check “Yes.”
Florida partnership or joint venture. A “Florida partnership” is a partnership
doing business, earning income, or existing in Florida.
D.
If the corporation paid federal income tax on Line 22c of federal Form
1120S, check “Yes.” (If yes, see instructions for Line 1 on Page 3.)
• A limited liability company (LLC) classified as a corporation for Florida
and federal income tax purposes is subject to the Florida Income Tax Code
E.
If the corporation is a member of a controlled group of corporations as
and must file a Florida corporate income tax return.
defined in section 1563 of the Internal Revenue Code (IRC), check “Yes”
(see instructions for Line 4 on Page 3).
• An LLC classified as a partnership for Florida and federal income tax
purposes must file a Florida Partnership Information Return (Florida Form
F.
If this is an initial or first year return, check the box labeled “I.” If this is
F-1065) if one or more of its owners is a corporation. In addition, the
a final return, check the box labeled “F.” Note: If the corporation is still
corporate owner of an LLC classified as a partnership for Florida and federal
required to file an annual federal return do not check the “F” box.
income tax purposes must file a Florida corporate income tax return.
G.
Enter only the dollar amount of state income tax included in Line 2,
• A single member LLC disregarded for Florida and federal income tax
Florida Form F-1120A (you should not include cents). If none, enter
purposes is not required to file a separate Florida corporate income
zero (0).
tax return. The income must be reported on the owner’s return if the
H.
Enter the date of the corporation’s latest IRS audit and list the years
single member LLC is owned, directly or indirectly, by a corporation. The
examined in the audit.
corporation must file Florida Form F-1120, reporting its own income and the
I.
Enter the Principal Business Activity Code that applies to your Florida
income of the single member LLC, even if the only activity of the corporation
business activities. If the Principal Business Activity Code is unknown,
is ownership of the single member LLC.
see the “Principal Business Activity Codes” section of the IRS
• Homeowner and condominium associations that file federal Form 1120
instructions for federal Form 1120.
(U.S. Corporation Income Tax Return) must file Florida Form F-1120 or
J.
Enter the federal return filed with the IRS. For example:
F-1120A regardless of whether any tax may be due. If you file federal Form
1120-H (U.S. Income Tax Return for Homeowners Associations), you are not
1
1 2
0
1
1
2
0
S
9
9
0
T
required to file a Florida return.
or
or
• Political organizations that file federal Form 1120-POL.
• S corporations that pay federal income tax on Line 22c of federal
Form 1120S.
• Tax-exempt organizations that have “unrelated trade or business taxable
income” for federal income tax purposes are subject to Florida corporate
income tax and must file either Florida Form F-1120 or Florida Form F-1120A.
Signature and Verification
An officer or person authorized to sign for the entity must sign all returns. An original signature is required. We will not accept a photocopy, facsimile, or stamp.
A receiver, trustee, assignee, or other fiduciary must sign any return filed on behalf of the entity.
Any person, firm, or corporation who prepares a return for compensation must also sign the return and provide:
• Federal employer identification number (FEIN)
• Preparer tax identification number (PTIN).
Under penalties of perjury, I declare that I have examined this return and to the best of my knowledge and belief, it is true, correct, and complete.
If prepared by a person other than the taxpayer, the declaration is based on all information of which the preparer has any knowledge.
Contact Email Address
Signature of officer
Date
Phone
Signature of individual or firm preparing the return
Date
Phone
Preparer’s PTIN
or FEIN
(Check one)
All taxpayers are required to answer questions A through J below.
YES NO
,
A.
Incorporated in Florida? Other_________________
$
G. Amount of state income taxes included in Florida Form F-1120A,
Line 2. If none, enter zero (0).
B.
Registered with Florida Secretary of State?
Document number ___________________________
C.
A Florida extension of time was timely filed?
M M D
D
Y
Y
D.
Corporation paid federal tax on Line 22c of federal
H. Enter date of latest IRS audit.
Form 1120S?
List years examined _______________________________________
E.
Corporation is a member of a controlled group as
I.
Principal Business Activity Code (as applies to Florida).
defined by section 1563, IRC?
I
F
F.
Mark box “I” if this is an initial return and/or mark
J.
Type of federal return filed.
box “F” if you filed a final federal return.
F-1120A
R. 01/20
Page 3 of 4
General Information
The adjustments would affect net income subject to the Florida
corporate income/franchise tax.
When is Florida Form F-1120A Due?
Go to our website for Florida Form F-1120X with instructions.
Generally, Florida Form F-1120A is due the later of:
Who Must Make Estimated Tax Payments?
(1) For tax years ending June 30, the due date is on or before the first day
If you expect the amount of income tax liability for the year to be more
of the fourth month following the close of the tax year. For all other
than $2,500, you must make a declaration of estimated tax for the taxable
taxable year ends, the due date is on or before the first day of the fifth
year using Florida Form F-1120ES. Payments may not be annualized. If the
month following the close of the tax year. For example, Florida Form
corporation's expected tax liability is more than $2,500, you must file Florida
F-1120A is due on or before May 1, 2020 for a taxpayer with a tax year
Form F-1120. To obtain Florida Form F-1120ES, see “Contact Us” on Page 4.
ending December 31, 2019; or
Line-by-Line Instructions
(2) The 15th day following the due date, without extension, for the filing of
the related federal return for the taxable year. For example, if the federal
Line 1. Federal Taxable Income – Generally, corporations should enter
return is due on May 15, the related Florida Form F-1120A is due on
the amount shown on Page 1, Line 30 of the federal Form 1120 or the
June 1.
corresponding line (taxable income) of the federal income tax return filed.
You must file a return, even if no tax is due.
If this amount is negative, check the box. S corporations should enter only
the income subject to federal income tax at the corporate level and those S
If the due date falls on a Saturday, Sunday, or state or federal holiday, the
corporations answering no to Question D do not have to file a return unless
return is considered to be filed on time if postmarked on the next business
requesting a refund.
day.
Line 2. Net Operating Loss Deduction (NOLD) and State Income Taxes
For a calendar of filing due dates for Florida corporate income tax returns go to the
Deducted in Computing Federal Taxable Income – Enter the sum of:
Department’s website at floridarevenue.com/taxes/cit/duedates.
(A) Any net operating loss deduction shown on Line 29(a) of the federal
Form 1120 or on the matching line of other federal income tax
Note: A late-filed return will subject a corporation to penalty, whether or not
forms, and
tax is due.
(B) Any tax on, or measured by, income paid or accrued as a liability
Extension of Time to File
to any U.S. state or the District of Columbia that is deducted from
To apply for an extension of time for filing Florida Form F-1120A, you must
gross income in computing federal income for the taxable year.
complete Florida Form F-7004, Florida Tentative Income/Franchise Tax Return
Exclude taxes based on gross receipts or revenues.
and Application for Extension of Time to File Return. To obtain Florida
Form F-7004 see "Contact Us" on page 4.
If you include state income taxes in Line 2, complete Question G on Page 2.
Use the following to calculate your Line 2 entry:
Go to the Department’s website for information on electronic filing and
payment of tentative tax.
a. NOLD___________________________________________________
You must file Florida Form F-7004 to extend your time to file. A copy of your
b. State income taxes deducted in computing federal taxable income
federal extension alone will not extend the time for filing your Florida return.
See Rule 12C-1.0222, Florida Administrative Code (F.A.C.), for information on
________________________________________________________
the requirements that must be met for your request for an extension of time to
c. Total - Add a and b, then enter this amount on Line 2.
be valid.
Line 3. Florida Net Operating Loss Deduction (NOLD) – Enter the amount
Extensions are valid for six months, with the exception of extensions for
(if any) of the Florida net operating loss deduction on Line 3. For Florida
taxpayers with a June 30 tax year end which are valid for seven months.
corporate income tax, a net operating loss can never be carried back as a
Only one extension may be granted per tax year.
deduction to a prior taxable year. A net operating loss can only be carried
over to later taxable years and treated in the same manner, to the same
Payment of Tax
extent, and for the same time periods prescribed in section 172, IRC.
You must pay the tax due, as shown on Line 9 of the return, and either file
your return or extension of time by the original due date. Payment must be
For net operating loss carryovers generated in taxable years beginning
in U.S. funds. If your tax payment is not on time, penalties and interest will
before January 1, 2018, the Florida net operating loss deduction is limited to
apply.
the portion of the carryover apportioned to Florida using the apportionment
fraction for the year in which the loss occurred.
Taxable Year and Accounting Methods
The taxable year and method of accounting must be the same for Florida
For net operating loss carryovers generated in taxable years beginning after
income tax as it is for federal income tax. If you change your taxable year or
December 31, 2017, the net operating loss deduction cannot exceed the sum
your method of accounting for federal income tax, you must also change the
of Line 1 plus Line 2 multiplied by 80 percent.
taxable year or method of accounting for Florida income tax.
If the deduction of Florida net operating loss carryovers generated in taxable
Rounding Off to Whole-Dollar Amounts
years beginning before taxable year beginning January 1, 2018, does not
Whole-dollar amounts may be entered on the return. To round off dollar
reduce the Florida net income before the deduction for the Florida exemption
amounts, drop amounts less than 50 cents to the next lowest dollar and
to zero, Florida net operating loss carryovers generated in taxable years
increase amounts from 50 cents to 99 cents to the next highest dollar. If you
beginning after December 31, 2017, are applied in the following manner.
use this method on the federal return, you must use it on the Florida return.
The taxpayer may deduct the lesser of:
Federal Employer Identification Number (FEIN)
• Its post-2017 net operating loss carryovers or
If you do not have an FEIN, obtain one from the IRS. You can:
• 80 percent of the Florida net income remaining after application of the
Apply online at irs.gov
pre-2018 net operating loss deduction.
Apply by mail with IRS form SS-4. To obtain this form,
Line 4. Florida Exemption – Section 220.14, F.S., exempts up to $50,000 of
download or order it from irs.gov or call 800-829-3676.
net income. The exemption is the lesser of $50,000 or the Florida portion of
To Amend a Return
adjusted federal income. If the taxable year is less than 12 months, you must
You must complete a Florida Form F-1120X to amend your Florida corporate
prorate the $50,000 exemption. Multiply $50,000 by the number of days in
income tax return if:
the short tax year divided by 365. Only one $50,000 exemption is allowed
You file an amended Federal return,
to the members of a controlled group of corporations as defined in section
1563, IRC. If members of a controlled group file separate Florida returns the
A redetermination of federal income is made (for example, through an
audit adjustment), and
F-1120A
R. 01/20
Page 4 of 4
$50,000 exemption will be divided equally among all filing members unless all
Incomplete Return – For an incomplete return, the penalty is the greater
members consent to an apportionment plan for an unequal allocation of the
of $300 or 10 percent of the tax finally determined to be due, not to exceed
Florida exemption.
$10,000. An incomplete return is one that cannot be readily handled, verified,
or reviewed.
Line 5. Florida Net Income – Subtract Lines 3 and 4 from the sum of Lines
1 and 2 and enter the difference on Line 5. (Line 1 plus Line 2 minus Line 3
Fraudulent Return – The penalty for filing a false or fraudulent return is 100
minus Line 4.) If this amount is negative, check the box and enter zero (0) on
percent of the deficiency.
Line 6.
Electronic Filing – The penalty is 5 percent of the tax due for each month the
Line 6. Corporate Income Tax Due – Multiply the amount on Line 5 by the tax
return is not filed electronically. The penalty cannot exceed $250 in total. If no
rate. If Line 5 is zero (0) or less, enter zero (0) on Line 6. If this amount is $2,500
tax is due, the penalty is $10.
or greater, you cannot file Florida Form F-1120A. See the Department's website
Interest – A floating rate of interest applies to underpayments, late payments,
or “Contact Us" below for information on obtaining Florida Form F-1120.
and overpayments of corporate income tax. We update the floating interest
Line 7. Payment Credits – Enter the total tentative tax paid with Florida Form
rate January 1 and July 1 of each year by using the formula established in
F-7004 plus estimated tax payments, if any, made for the taxable year, or
s. 220.807, F.S. For information on current and prior period interest rates, visit
carryovers from previous years, plus the amount(s) shown on any corporate
the Department's website at floridarevenue.com/taxes/rates.
income tax credit memo(s) issued by the Department.
Line 9. Total Amount Due or Overpayment – Subtract the amount shown on
Line 8. Penalty and Interest – If penalties or interest apply, enter the total
Line 7 from Line 6, add any amount shown on Line 8, and enter the result on
amount on this line.
Line 9. If Line 9 is a negative amount, you have overpaid your Florida
corporate income tax. To have this amount credited toward next year’s tax
Penalties
liability, place an “X” in Box 9a. To have this amount refunded, place an “X” in
Late-Filed Return – The penalty for a late-filed return is 10 percent each
Box 9b. If you make no entry, the entire amount of overpayment will be
month, or portion of a month, not to exceed 50 percent of the tax due with the
credited to next year’s estimated tax. If Line 9 is a positive amount, this is the
return. If no tax is due and a return is filed late, the penalty is $50 each month
amount due. Make your check or money order payable to the Florida Department
or portion of a month, not to exceed $300.
of Revenue. You must pay in U.S. funds. Note: The election to apply an
overpayment to the next year’s estimated tax is irrevocable. For more
Underpayment of Tentative Tax – The penalty for underpayment of tentative
information, see Rule 12C-1.034(8), F.A.C., titled Special Rules Relating to
tax is 12 percent per year during the extension period on the underpaid
Estimated Tax.
amount. You must calculate the penalty from the original due date of the
return.
Remember:
ü Make your check payable to the Florida Department of Revenue, write your FEIN on your check, and sign your check and return.
ü Use an original form whenever possible to ensure proper recording and processing of your return and payment. Make any necessary corrections
on the face of the return and complete a change of address on the Department's website at floridarevenue.com/taxes/updateaccount
ü Do not attach a copy of the federal return, supporting schedules, or worksheets at this time. The Department may, however, request them at a
later date.
ü To find filing due dates for the current year go to the Department’s website at floridarevenue.com/taxes/cit/duedates
Contact Us
Find a taxpayer service center near you, at
Information, forms, and tutorials are available on the Department's
website at floridarevenue.com
floridarevenue.com/taxes/servicecenters
To speak with a Department representative, call Taxpayer Services at
Subscribe to our tax publications to receive due date
850-488-6800, Monday through Friday (excluding holidays).
reminders or an email when we post:
• Tax Information Publications (TIPs).
For written replies to tax questions, write to:
• Proposed rules, notices of rule development
Taxpayer Services - MS 3-2000
workshops, and more.
Florida Department of Revenue
5050 W Tennessee St
Go to floridarevenue.com/dor/subscribe
Tallahassee FL 32399-0112
References
The following documents were mentioned in this form and are incorporated by reference in the rules indicated below.
The forms are available online at floridarevenue.com/forms.
Form F-1120
Florida Corporate Income/Franchise Tax Return
Rule 12C-1.051, F.A.C.
Form F-7004
Florida Tentative Income/Franchise Tax Return
Rule 12C-1.051, F.A.C.
and Application for Extension of Time to File Return
Form F-1065
Florida Partnership Information Return
Rule 12C-1.051, F.A.C.
Form F-1120X
Amended Florida Corporate Income/Franchise Tax Return
Rule 12C-1.051, F.A.C.
Form F-1120ES
Declaration/Installment of Florida Estimated Income/
Rule 12C-1.051, F.A.C.
Franchise Tax
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