Form F-1065 Florida Partnership Information Return with Instructions R.01/13

(a) Within Florida (b) Total Everywhere 1 Federal tax exempt interest 1 Increase (total of Lines C and D) E 1 2 Decrease (total of Lines C and D) 2 ( ) 2 State income taxes deducted in computing federal ordinary income 3 Other additions 5050 W Tennessee St and ending Apply by mail with IRS Form SS 4 To obtain this form download or order it from www irs gov or call 800 829 3676 Apply by telephone at 800 829 4933 Apply online at www irs gov b End of Year c Beginning of Year City State ZIP computing federal ordinary income ( ) Contact Us d End of Year Enter any other items you are required to add as an adjustment to calculate adjusted federal income Enter the amount of interest which is excluded from ordinary income under section (s ) 103(a) Internal Revenue Code (IRC) or any other federal law less the associated expenses disallowed in computing ordinary income under s 265 IRC or any other law Enter the sum of any tax on or measured by income which is paid or accrued as a liability to the District of Columbia or any state of the United States and is deductible from gross income in computing federal ordinary income for the taxable year You should exclude taxes based on gross receipts or revenues Everywhere Everywhere Facts on Tax a quarterly publication Federal employer identification number (FEIN) Florida Department of Revenue For example s 220 13(1)(e) Florida Statutes (F S ) requires partnerships to add back to adjusted federal income the special bonus depreciation for assets placed in service during the 2010 2011 and 2012 calendar years Less associated expenses not deductible in Name of Partnership Net Interest Payroll Data Percent of Preparer tax identification number (PTIN) Property Data Proposed rules notices of rule development workshops and more Sales Data Street Address Tallahassee FL 32399 0112 Tallahassee FL 32399 0135 Tax Information Publications (TIPs) Taxpayer Services Mail Stop 3 2000 Total A Total Everywhere Total interest excluded from federal ordinary income Within Florida Within Florida www myflorida com/dor (a) Fees commissions or other compensation for financial services made within this state (a) Rental or royalty income if such income is significant in the taxpayer s business (a) Sales of tangible personal property will be Florida sales if the property is delivered or shipped to a purchaser within this state (a) The employee s service is performed entirely within Florida or (b) Gross profits from trading in stocks bonds or other securities managed within this state (b) Interest received on deferred payments of sales of real or tangible personal property (b) Rentals will be Florida sales if the real or tangible personal property is in this state (b) The employee s service is performed both within and without Florida but the service performed outside Florida is incidental to the employee s service or (c) Interest other than interest from loans secured by mortgages deeds of trust or other liens on real or tangible personal property found outside this state (c) Interest received on deferred payments of sales of real or tangible personal property will be included in Florida sales if the sale of the property is in Florida (c) Sales of services (c) Some of the employee s service is performed in Florida and either the base of operations or the place from which the service is directed or controlled is in Florida or the base of operations or place from which the service is controlled is not in any state in which some part of the service is performed and the employee s residence is in Florida (corporation s everywhere sales + (corporation s Florida sales + (d) Dividends received within this state (d) Income from the sale licensing or other use of intangible personal property such as patents and copyrights (d) Sales of service organizations are within Florida if the services are performed in Florida (e) For financial organizations income from intangible personal property (e) Interest charged to customers at places of business maintained within this state for carrying debit balances of margin accounts without deduction of any costs incurred in carrying such accounts (f) Interest fees commissions and other charges or gains from loans secured by mortgages deeds of trust or other liens on real or tangible personal property found in this state or from installment sale agreements originally completed by a taxpayer or his agent to sell real or tangible personal property located in this state (g) Any other gross income including other interest resulting from the operation as a financial organization within this state 1 Average value of property per Schedule III C (Line 8) 1 Federal tax exempt interest 1 Inventories of raw material work in process finished goods 1 Transportation services revenue miles (see instructions) 2 Buildings and other depreciable assets (at original cost) 2 Salaries wages commissions and other compensation paid or accrued in connection with trade or business for the period covered by this return 2 State income taxes deducted in computing federal ordinary income 3 Land owned (at original cost) 3 Other additions 3 Sales 4 Other tangible assets (at original cost) and intangible assets (financial organizations only) Attach schedule 5 Total (Lines 1 through 4) 6 Average value of property in Florida (Within Florida) add Line 5 Columns (a) and (b) and divide by 2 For average value of property everywhere (Total Everywhere) add Line 5 Columns (c) and (d) and divide by 2 7 Rented property (8 times net annual rent) 8 Total (Lines 6 and 7) Enter on Part III A Line 1 Columns (a) and (b) A Additions to federal income: a Beginning of Year A corporate taxpayer filing Florida Form F 1120 may use Florida Form F 1065 to report the distributive share of its partnership income and apportionment factors from a partnership or joint venture that is not a Florida partnership Amount shown on Line E Part I above 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 or assignee must sign any return required to be filed for any organization and address Any person firm or corporation who prepares a return for compensation must also sign the return and provide: Attachments and Statements Average Everywhere Average Florida B Subtractions from federal income B beginning Both the income and the apportionment factors are considered to flow through to the members of a partnership or joint venture C Sub total (Line A less Line B) C Calculate the total partnership income adjustment (sum of Lines C and D) Enter net increases to income on Line 1 Enter net decreases to income on Line 2 Check if self Column (a) times Column (b) = partner's share of Line E D Net adjustment from other partnerships or joint ventures D Distributing each partner s share of the total partnership income adjustment (Part I Line E) is accomplished in Part II E Partnership income adjustment Each corporate partner must enter its share of the adjustment in Column (c) on its Florida Corporate Income/Franchise Tax Return (Florida Form F 1120) It should enter increases under Other Additions on Schedule I Florida Form F 1120 and should enter decreases under Other Subtractions on Schedule II Florida Form F 1120 Each partner s share of the apportionment factors is determined by multiplying the amount in Part III A on Lines 1 2 and 3 by the percentage interest of each partner Amounts determined should be added to each partner s apportionment factors included on its Florida Form F 1120 Effective 01/13 employed Enter any items required to be subtracted as an adjustment to calculate adjusted federal income Enter here and on Florida Form F 1120 Schedule I Line 20 (if decrease Schedule II Line 11) Enter the FEIN If you do not have an FEIN obtain one from the Internal Revenue Service (IRS) You can: Enter the Principal Business Activity Code that applies to Florida business activities If the Principal Business Activity Code is unknown see the IRS Codes for Principal Business Activity section of federal Form 1065 Every Florida partnership having any partner subject to the Florida Corporate Income Tax Code must file Florida Form F 1065 A limited liability company with a corporate partner if classified as a partnership for federal tax purposes must also file Florida Form F 1065 A Florida partnership is a partnership doing business earning income or existing in Florida Extension of Time to File Extensions are valid for five months You are only allowed one extension F 1065 F 1065N F 1065N Final Returns Firm s name (or yours if self employed) Florida Administrative Code Florida defines the term sales as gross receipts without regard to returns or allowances The term sales is not limited to tangible personal property and includes: Florida Partnership Information Return Florida taxpayers doing business outside the state must apportion their business income to Florida based on a three factor formula There are exceptions to this three factor formula for insurance companies transportation services citrus processing companies and taxpayers who were given prior permission by the Department to apportion income using a different method under s 220 152 F S For a financial organization Florida sales will also include: For example s 220 13(1)(e) F S provides for a subtraction taken equally over a seven year period corresponding to the add back to adjusted federal income for the special bonus depreciation for assets placed in service during the 2008 through 2012 calendar years For more information about apportioning income see s 220 15 F S and Rule 12C 1 015 F A C For purposes of this factor compensation is paid within Florida if: For the taxable year For written replies to tax questions write to: General Information General Information Questions General Instructions Go to: www myflorida com/dor/list/ If because of Florida changes the partnership s share of income from other partnerships or joint ventures is different from the amount included in federal taxable income you must make an appropriate adjustment on Line D Attach a schedule explaining any adjustment If the due date falls on a Saturday Sunday or federal or state holiday the return is considered to be filed on time if postmarked on the next business day If the partnership ceases to exist write FINAL RETURN at the top of the form III A For use by partnerships doing business both within and without Florida III A Line 1 (and Part III C) Average value of property III A Line 2 Salaries wages commissions and other compensation III A Line 3 Sales III B For use by partnerships providing transportation services within and without Florida III B Special Industry Apportionment Fraction III C For use in computing average value of property In Part III C Lines 1 through 4 enter the beginning of year and end of year balances for property owned and used within Florida as well as property owned and used everywhere Place the total value of the columns on Line 5 Calculate the average values as provided on Lines 6 and 7 Enter the Florida average in Part III A Line 1 Column (a) Enter the average everywhere in Part III A Line 1 Column (b) Information forms and tutorials are available on our Internet site: Instructions for Preparing Form F 1065 Interest In Line A Additions to federal income Line B Subtractions from federal income Line C Sub total Line D Net adjustment from other partnerships or joint ventures Line E Partnership income adjustment Mail To: Florida Department of Revenue 5050 W Tennessee St Tallahassee FL 32399 0135 Note: A foreign (out of state) corporation which is a partner in a Florida partnership or a member of a Florida joint venture is subject to the Florida Income Tax Code and must file a Florida Corporate Income/Franchise Tax Return (Florida Form F 1120) Note: If there is no adjustment on Line E show partner s percentage of profits in Column (b) and leave Columns (a) and (c) blank NOTE: Please read instructions (Florida Form F 1065N) before completing the schedules below NOTE: Transfer data to Schedule III A Florida Form F 1120 Page 2 Page 3 Page 4 Part I Florida Adjustment to Partnership Income Part II Distribution of Partnership Income Adjustment Part III Apportionment Information Part IV Apportionment of Partners Share Part IV Apportionment of Partners' Share Partner (Name and Address) Partner s name and address (Include FEIN) Partner's percentage of profits Partnership Partnerships subject to a special industry apportionment fraction (for example those engaged mainly in transportation services) should adjust this schedule to report each partner s share of the special apportionment fraction (for example revenue miles for transportation companies) Parts III and IV are used to determine the adjustment which must be made to each partner s apportionment factors For example a corporate partner s share of the partnership s sales within Florida will be added to the corporation s sales within Florida The partner s share of the partnership s everywhere sales will be added to the corporation s everywhere sales The corporation s sales apportionment factor as reflected on Schedule III of Florida Form F 1120 will therefore be equal to: Preparer Preparer s Preparer s Tax Identification Number (PTIN) Principal Business Activity Code Property owned is valued at original cost without regard to accumulated depreciation Property rented is valued at eight times the net annual rental rate You must reduce the net annual rental rate by the annual rental rate received from sub rentals R 01/13 R 01/13 R 01/13 Rounding Off to Whole Dollar Amounts Rule 12C 1 051 Sales will be attributable to Florida using these criteria: share of partnership s everywhere sales) share of partnership s Florida sales) Sign Here Signature Signature and Verification Signature of partner or member (Must be an original signature ) Date Special methods of apportioning income by taxpayers providing insurance or transportation services are provided For example the income attributable to transportation services is apportioned to Florida by multiplying the adjusted federal income by a fraction The numerator is the revenue miles within Florida and the denominator is the revenue miles everywhere For transportation other than by pipeline a revenue mile is the transportation of one passenger or one net ton of freight the distance of one mile for a consideration Subscribe to our tax publications to receive due date reminders or an e mail when we post: Subtract Line B from Line A Taxable Year and Accounting Methods The partnership must attach a statement listing all compensation paid or accrued for the taxable year other than that as shown on federal Form 1125 A or page 1 of the federal Form 1065 The payroll factor is a fraction The numerator of this fraction is the total amount paid to employees in Florida during the taxable year for compensation The denominator is the total compensation paid to employees everywhere during the taxable year Enter the numerator in Part III A Line 2 Column (a) and enter the denominator in Part III A Line 2 Column (b) The property factor is a fraction The numerator of this fraction is the average value of real and tangible personal property owned or rented and used during the taxable year in Florida The denominator is the average value of such property owned or rented and used everywhere during the taxable year The property factor for corporations included within the definition of financial organizations must also include intangible personal property except goodwill The sales factor is a fraction The numerator of this fraction is the total sales of the taxpayer in Florida during the taxable year The denominator is the total sales of the taxpayer everywhere during the taxable year Enter the numerator in Part III A Line 3 Column (a) and the denominator in Part III A Line 3 Column (b) The taxable year and method of accounting must be the same for Florida income tax as it is for federal income tax If you change your taxable year or your method of accounting for federal income tax you must also change the taxable year or method of accounting for Florida income tax The three factor formula measures Florida s share of adjusted federal income by ratios of the taxpayer s property payroll and sales in Florida to total property payroll and sales found or occurring everywhere To apply for an extension of time for filing Florida Form F 1065 you must complete Florida Form F 7004 Florida Tentative Income/Franchise Tax Return and Application for Extension of Time to File Return To find a taxpayer service center near you go to: www myflorida com/dor/contact html To speak with a Department representative call Taxpayer Services Monday through Friday 8 a m to 7 p m ET at 800 352 3671 Under penalties of perjury I declare that I have examined this return including accompanying schedules and statements and to the best of my knowledge and belief it is true correct and complete Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge Use parts I and II of the Florida Partnership Information Return to determine each partner s share of the Florida partnership income adjustment When to File Where to File Who Must File Florida Form F 1065? Whole dollar amounts may be entered on the return and accompanying schedules To round off dollar amounts drop amounts less than 50 cents to the next lowest dollar and increase amounts from 50 cents to 99 cents to the next highest dollar If you use this method on the federal return you must use it on the Florida return Within Florida You may use attachments if the lines on Florida Form F 1065 or on any schedules are not sufficient They must contain all the required information and follow the format of the schedules of the return Do not attach a copy of the federal return You must complete this part if either the partnership or any of the partners subject to the Income Tax Code does business outside Florida You must file Florida Form F 1065 on or before the first day of the fifth month following the close of your taxable year You must file Florida Form F 7004 to extend your time to file A copy of your 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 be valid