Form F-1120a - Florida Corporate Short Form Income Tax Return (Page 2 of 2) in pdf

F-1120A

Florida Department of Revenue

R. 01/99

Page 1

Florida Corporate Short Form

NOTE: Failure to file a required return will

subject a corporation to penalty, whether

Income Tax Return

or not tax is due.

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.

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.

Who Must File a Florida Corporate

Income/Franchise Tax Return

All domestic and foreign corporations doing business, earning

income, or existing in Florida, including tax exempt corporations.

Who May File a Florida Corporate

Every bank and savings association doing business, earning

Short Form

income, or existing in Florida.

(Florida F-1120A)

All associations or entities doing business, earning income, or

A corporation qualifies to file Form F-1120A if it meets ALL of the

existing in Florida.

following criteria:

Foreign (out-of-state) corporations that are partners or members in

•

it has Florida Net Income of $45,000 or less;

a Florida partnership or joint venture. A "Florida partnership" is a

•

it conducts 100% of its business in Florida (does not apportion

partnership having income apportionable or allocated to Florida.

income);

Limited liability companies that elect to be taxed as a corporation

•

it does not report any additions to and/or subtractions from federal

for federal tax purposes.

taxable income other than a net operating loss deduction and/or

Political organizations that file federal Form 1120-POL.

state income taxes, if any;

Homeowners and condominium associations that elect to be taxed

•

it has no Florida Emergency Excise Tax (EET) liability. Corporations

under section 528 I.R.C. and file federal Form 1120-H must file a

that only have assets placed into service after January 1, 1987, are

Florida Corporate Income Tax Return for the first year federal Form

not subject to Florida EET;

1120-H is filed. The corporation must answer questions A through M

•

it does not file a consolidated corporate return. Qualified

on the F-1120A. Even if tax is due with federal Form 1120-H, no

subchapter S subsidiaries must file form F-1120;

Florida Corporate Income Tax is due. There is no filing requirement

for subsequent years as long as the association continues to file

•

it claims no tax credits other than tentative (extension of time)

federal Form 1120-H. Associations that file on federal Form 1120,

payments or estimated payments, if any; and

must file a Florida Corporate Income Tax Return annually.

•

it is not required to pay Federal Alternative Minimum Tax.

(cont. on pg. 3)

The F-1120A is a machine-readable form. Please follow the hand print or machine print instructions. Use black ink.

0 1 2 3 4 5 6 7 8 9

If hand printing this document, print your

If typing this document, type

numbers as shown and write one

0123456789

through the boxes and type all

number per box. Write within the boxes.

of your numbers together.

Make check payable and mail to: FLORIDA DEPARTMENT OF REVENUE, 5050 W TENNESSEE STREET, TALLAHASSEE FL 32399-0135

U.S. DOLLARS

CENTS

Florida Corporate Short Form

F-1120A

1. Federal Taxable

Income Tax Return

R. 01/99

Income

Mail coupon only.

2. Plus (+)

Keep upper portion for your records.

Federal NOLD + State

Income Tax

3. Less (-)

Florida NOLD

4. Less (-) Exemption

5. Equals (=)

DOR USE ONLY

If Line 5 is zero “0” or

Florida Net Income

less, enter “0” on Line 6.

6. Tax Due 5.5% of

If this amount is $2,500 or greater,

Line 5

you cannot file F-1120A.

7. Less (-)

FEIN

Payment Credits

Taxable Year Beginning

Taxable Year End

8. Plus (+) Penalty and interest

(See instructions)

D Y Y

Y Y

9. Total Amount Due or Overpayment

REMEMBER TO COMPLETE THE BACK OF THE FORM

(Complete Line 9a or 9b for

overpayments)

9a CREDIT

9b REFUND

Form F-1120a - Florida Corporate Short Form Income Tax Return Page 2

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