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Form F-1120N Fillable Instructions for Preparing Form F-1120 for the 2013 tax year R.01/14
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
5050 W Tennessee St A copy of the related federal consolidated return that was filed A limited liability company (LLC) classified as a corporation for A redetermination of federal income is made (for example through A single member LLC disregarded for Florida and federal income A statement reconciling the amount reported on Line 1 with Actual contributions made Adjusted Federal Loss All associations or artificial entities doing business earning All corporations (including tax exempt organizations) doing Amount of excess contributions Amount of the carryover(s) previously deducted An LLC classified as a partnership for Florida and federal income Apply by mail with IRS Form SS 4 To obtain this form download Apply by telephone at 800 829 4933 Apply online at www irs gov Apportioned excess contribution to be carried over and Apportionment fraction for the taxable year in which the loss occurred Apportionment Fraction for the Year of Loss At least 90 percent of the tax finally shown to be due for the taxable Attach a pro forma federal return which is a federal return as if the Be sure to make personal file copies of your return and schedules before mailing Column (a) The required depreciation adjustment is for Column (b) Taxpayers who were required to include an amount Columns (a) and (b) Beginning with tax years ending in 2012 Columns (a) and (b) Florida adjusted federal ordinary Columns (a) and (b) No consolidated income adjustment Consolidated federal taxable income from Line 30 of federal Form Corresponding line (taxable income) of the federal income tax Election A means the election made by taxpayers for taxable years Election B means the election made by taxpayers for taxable years Estimated tax p 3 Every bank and savings association doing business earning Facts on Tax a quarterly publication Federal contribution limitation Federal employer identification number (FEIN) Florida Apportioned Income/Loss Florida apportionment fraction for the taxable year(s) Florida Department of Revenue Florida Portion of Adjusted Federal Income For each assessment levied and paid after December 31 1996 five For each assessment levied before January 1 1997 0 1 percent of For ease of processing and to ensure the Department properly records your return Foreign (out of state) corporations that are partners or members Form ordering instructions p 15 Homeowner and condominium associations that file federal If a taxpayer is governed by Election A or Election B and If you used software to produce your tax return last year you It claims no tax credits other than tentative tax payments or It conducts 100 percent of its business in Florida It does not report any additions to and/or subtractions from federal It has Florida net income of $45 000 or less It is not included in a Florida or federal consolidated corporate It is not required to pay Federal Alternative Minimum Tax Line by line instructions p 5 Make sure that the software is for the correct year You Net Operating Loss Carryover (NOLCO) Applied NOL Carry Forward to Next Year Penalties and Interest and the instructions for Line 14) Political organizations that file federal Form 1120 POL Preparer tax identification number (PTIN) Proposed rules notices of rule development workshops and more regular Florida tax is due subsequent to the tax year for which Florida s 108(i) IRC Enter the amount of income previously required to s 220 13(1)(e)3 F S S corporations that pay federal income tax on Line 22c of federal Special instructions p 4 Tallahassee FL 32399 0112 Tax exempt organizations that have unrelated trade or business Tax Information Publications (TIPs) Tax Year Taxpayer Services Mail Stop 3 2000 taxpayers furnishing transportation services includes taxpayers Taxpayers required to include amounts in the adjusted current The adjustments would affect net income subject to the Florida The applied period (taxable year end) for the payment credits you The Department of Revenue must approve all vendor the federal excess contribution limitation apportioned to Florida in The FEIN and complete names of the corporations or entities the Florida excess contribution carryover The tax computed using the prior year facts and income and current The type of credit and the amount of payment credit you are requesting Use the Change of Address Form to notify the Department of changes Visit the Department s Internet site to obtain a list of When to file and pay p 2 Who must file p 2 Written authorization including an original signature of a corporate www myflorida com/dor Year(s) of federal excess contributions Year(s) of loss You can file Florida Form F 7004 electronically through the IRS MeF You file an amended federal return $ (1 000 000) $ (1 000 000) $ (1 000 000) $ (123 456) $ (123 456) $ (250 000) $ (250 000) $ (30 864) $ (30 864) $ 1 250 000 $ 1 500 000 $ 154 320 $ 185 184 $ 750 000 $ 92 592 $2 500 a declaration is required $50 000 exemption for each corporation If the controlled group is (1) On or before the first day of the fourth month following the close (1) Partnership adjustment (1) Partnership adjustment Florida adjusted federal ordinary (2) Certain foreign taxes Enter the amount of taxes of foreign (2) Consolidated income adjustment (2) The 15th day following the due date without extension for the filing (2[a] 2[b]) Include copies of all IRS forms schedules and worksheets (3) Cancellation of indebtedness income deferred under (3) Depreciation adjustment (4) Emergency excise tax credit (a) Coin or currency located in this state (a) Fees commissions or other compensation for financial services (a) Rental or royalty income if such income is significant in the (a) Sales of tangible personal property will be Florida sales if the (a) The employee s service is performed entirely within Florida or (b) Assets in the nature of loans located in this state including (b) Gross profits from trading in stocks bonds or other securities (b) Interest received on deferred payments of sales of real or (b) Rentals will be Florida sales if the real or tangible personal (b) The employee s service is performed both within and outside (c) Income from the sale licensing or other use of intangible (c) Installment obligations on loans for which the customer initially (c) Interest other than interest from loans secured by mortgages (c) Interest received on deferred payments of sales of real or (c) Some of the employee s service is performed in Florida and (Computation of Florida Alternative Minimum Tax) Line 11 whichever (d) Dividends received within this state (d) Loans secured by mortgages deeds of trust or other liens upon (d) Sales of service organizations are within Florida if the services (d) Sales of services (e) A portion of a participation loan where the office that enters into (e) For financial organizations income from intangible personal (e) Interest for carrying debit balances on margin accounts (EET) on assets placed in service between January 1 1981 and (excess contributions to qualified stock bonus or profit sharing plans) (F A C ) (f) Credit card receivables from customers who reside or who are (f) Interest fees commissions and other charges or gains from (Florida additions and subtractions) To the extent that such (Florida Form F 1065) if one or more of its owners is a corporation (Florida Form F 1120) electronically through the IRS MeF Federal/State (g) Any other gross income including other interest resulting from (g) Investments in securities that generate business income where (h) Securities held by a state treasurer or other public official or (i) Leases of tangible personal property where the taxpayer s (j) Installment sale agreements originally executed by a taxpayer or (k) Any other intangible personal property located in this state used (Line 7) (NOLD) (rounded to 6 decimal (Schedule IV) (usually 60 percent) including interest on private activity bonds and 0 123456 0 123456 1 1980 Attach a copy of federal Form 4562 and a statement 1 The affiliated group must have filed a consolidated return for 1) Your tentative tax due is not paid 100 percent of the deficiency 1120 or 12C 1 034(8) F A C titled Special Rules Relating to Estimated Tax 14(a) and 14(c) To obtain Florida Form F 2220 see Contact Us on 1954 enacted after January 1 1980 and before January 1 1982 1984 to file a consolidated return on the same basis as its 2 The affiliated group electing to file a Florida consolidated 2(b) Subtract the attributable expenses from the subpart F income 2) You underpay your tax by the greater of $2 000 or 30 percent of the 3 4 5 and 6 and complete Lines 4 5 6 7 and 8 of Schedule IV 3 In the initial year of election you must complete Florida 30 2016 Any unused amount of an allocated credit may be carried 30 and December 31 To obtain Florida Form F 1120ES see "Contact 3800 and 1065 Schedule K 1 (if applicable) to the return An unused 4 Complete Florida Form F 1122 and attach for each new member 5 A copy of federal Form 851 or Florida Form F 851 (Corporate 5 and the Florida employee benefit plan contribution carryover on 50 cents to 99 cents to the next highest dollar If you use this method 5050 W Tennessee St 6 You must make the election by the due date of the return 7 of Schedule V This is the amount taken as rural and/or urban high 8) If members of the controlled group file separate returns follow the 800 352 3671 850 245 8927 Any unused credit may be carried forward for a period A corporate income tax credit is available to a member of the Health A corporation qualifies to file Florida Form F 1120A if it meets ALL the A corporation that is part of an affiliated group which filed a A credit against insurance premium tax or corporate income tax is A credit for Florida AMT paid is allowable in any tax year in which A credit is allowed to the owner of any commercial hazardous waste A credit is available against Florida corporate income tax as part of A credit is available against Florida corporate income tax based upon A credit is available against Florida corporate income tax for A credit is available against Florida corporate income tax for a qualified A credit is available against Florida corporate income tax for certain A credit is available against Florida corporate income tax for electricity A credit is available against Florida corporate income tax for eligible A credit is available against Florida corporate income tax to an eligible A credit is available to eligible entities for a percentage of the costs A floating rate of interest applies to underpayments late payments a Florida extension of time (Florida Form F 7004) Attach a copy of A or Election B) Taxpayers beginning business in Florida on or after a parent subsidiary group please indicate the parent corporation on a separate federal income tax return Attach to Florida Form F 1120: A taxpayer doing business outside Florida should use Schedule IV to a taxpayer is doing business in a state other than Florida See above $128 000 (for tax years beginning before above for Election A or Election B The taxpayer s distributive accompanying schedules To round off dollar amounts drop amounts accumulated depreciation Property rented is valued at eight times the actual amount should be reflected for purposes of computing the Add Column (a) Lines 4 through 7 and enter the total Add Column (b) Lines 4 through 7 and enter the total added back for s 179 IRC expense in excess of $128 000 for each added back for the special bonus depreciation under s 168(k) IRC for addition Additional Florida forms which may be needed address of the person to contact regarding this return Adjusted Federal Adjusted Federal Income Adjusted Florida Income/Loss adjustment in computing the corporate income/franchise tax if any adjustment its distributive share of any depreciation difference administered by the Department of Economic Opportunity Attach a after exemption is the base used for computing the Florida AMTI against the amount of AMT due against the tax cannot exceed the amount of tax due on Line 11 and agreements federal funds sold and bankers acceptances All amounts related to nonbusiness income income related to All taxpayers must answer questions A through M all transactions and activities of a taxpayer that are dependent upon or allocate this credit before it can be taken Attach federal Forms 6765 allowed to carry forward unused child care tax credits for a period not Alternative Minimum Tax (AMT) net operating loss You must use the Amended Declaration (Florida Form F 1120ES) amount already included in federal alternative minimum taxable income amount deducted for income taxes paid to the District of Columbia amount entered on the front page of Florida Form F 1120 amount from Schedule R Line 1 amount in the space provided at the bottom of the front page of Florida amount is greater amount of credit taken for the taxable year amount of nonbusiness income amount of nonbusiness income included in federal taxable income amount of s 108(i) IRC income added back under amount of such assessments for each of the five calendar years amount of tax and the state to which it was paid amount paid or credited for each installment equals or exceeds the amount reported on Schedule VI Line 6 on this line also amounts that could be included in apportionable income without AMT was paid The amount of the credit is equal to the amount of AMT AMTI after the exemption The federal form instructions indicate that an addition is required for the amount of emergency excise tax An annual capital investment tax credit is available to a qualifying an audit adjustment) and An officer or person authorized to sign for the entity must sign all and 16 of Schedule V This is the amount taken for the renewable and 2 F S this credit is granted against only the portion of Florida and 857(b)(3)(D) IRC and activities in the regular course of a taxpayer s trade or business and all states including Florida Do not include taxes based on gross and amount of any allowable credit and amounts of the carryover(s) previously deducted and attach it to Florida Form F 1120 (see Line 14 instructions) and before January 1 1982 became effective on January 1 1982 and carried forward and deducted in computing federal taxable income and have effective dates prior to January 1 1982 were given and line numbers and on Schedule IV Line 2 and on the front page of Florida Form F 1120 (Line 8) AMT filers and overpayments of corporate income tax We update the floating and payment use an original form whenever possible and the amount of the subtraction including subtractions claimed in and the property factor excludes any real or tangible personal property and used during the taxable year in Florida The denominator is the annualize your net income for the short period Multiply the short Any available tax credits itemized in Schedule V should be used Any business claiming the credit must complete and attach a Florida Any business claiming the credit must complete and attach an Any person firm or corporation who prepares a return for any schedules are not sufficient The additional sheets must contain all any supporting details for Schedules M 1 and M 2 Attach other any two factors are zero the weighted percentage for the remaining Any unused federal limitation must be apportioned as well applicable carryover credit from Florida Form F 1158Z Application for Extension of Time to File Return application of the credit for contributions to nonprofit scholarship applied at an office located in this state applies only during the contractual period and the tax savings is limited apportion their business income to Florida based upon a three factor Apportioned to Florida Apportionment Fraction apportionment fraction for the taxable year in which the loss occurred apportionment fraction for the year in which the loss occurred apportionment fraction to apportion their income to Florida The term apportionment of the Florida exemption approval letter to the return Any unused credit may be carried forward approved low income housing projects for a five (5) year credit period approved software vendors are allowed a federal income tax credit under section 41 of the IRC are located are performed in Florida are requesting to transfer as a deduction for federal income tax purposes under IRC s 179 for as a tax preference item on federal Form 4626 for assets for as an adjustment to compute adjusted federal income as certified by the university excluded from the payroll and property as provided in s 220 16 F S The term nonbusiness does not include as the research and development tax credit for the taxable year Assessment Credit assessments may be credited against its insurance premium or assets placed in service during the 2008 through 2013 calendar years Assistance Assessment Credit associated expenses disallowed in the computation of taxable income associated with IRS Form 5471 at www sunbiz org attach a copy of Schedule T from their annual report Attach a copy of the actual federal income tax return filed with the attach a copy of the approval letter from the Department of Revenue to Attach a copy of the approval letter from the Florida Housing Finance Attach a copy of the approval to the return A corporation that uses Attach a copy of the certificate of contribution from each nonprofit Attach a copy of the certification letter received from the Board of Attach a copy of the certification received from the Department of Attach a copy of the certification received from the Division of Attach a copy of the decision approving the credit to the Florida Attach a schedule showing computations to support the credit Attach a schedule showing the year and amount of the original addition Attach a statement showing the computations to support the credit Attach explanatory schedules Examples: attach it to Florida Form F 1120 attached to the return on which the credit is claimed available to certain insurers is not listed in s 220 02(8) F S Therefore available to member insurers of FLAHIGA as follows: average value of real and tangible personal property owned or rented average value of such property owned or rented and used everywhere balances due from depository institutions repurchase bank trust company savings bank industrial bank land bank safe banking facility banking facility is allowed as a deduction from adjusted federal base Florida net income on federal taxable income with certain be added back under s 220 13(1)(e)3 F S when the deferred be carried forward to tax years ending on or before December 31 be taken If the credit granted is not fully used in any one year the been filed The separate corporation must compute its federal AMTI beginning prior to January 1 1987 pursuant to s 220 03(5)(b) F S to beginning prior to January 1 1987 pursuant to s 220 03(5)(c) F S Beginning with tax years ending in 2012 there is a new emergency beginning with the year the project is completed A taxpayer that benefit plan deductions determined under s 404(a)(1)(E) IRC (excess both its insurance premium and corporate income tax liabilities business day business earning income or existing in Florida business tax credit must attach a schedule reconciling how the business that establishes a qualifying project Attach a copy of the business with qualified employees hired on or after July 1 2010 by (b) and enter the result on Schedule III D Line 2 Column (c) and on by a corporation The corporation must file Florida Form F 1120 by Column (b) and enter the result on Schedule III D Line 1 Column (c) by multiplying it by a fraction The numerator is the direct premiums by the amount actually used as a deduction from the regular Florida by the amount in Column (b) Round the result to six decimal places by the General Rule; or did not make a valid election pursuant to calendar year filers payments are due on April 30 June 30 September cancellation of indebtedness income is recognized for federal cannot create a refund cannot use 2013 software to produce 2014 tax forms capital gain for the taxable year computed pursuant to ss 852(b)(3)(D) capital investment tax credit is used in whole or in part by a member capital investment tax credit is used The name federal employer carried over and the amount of the carryover(s) previously deducted Carryover Deduction (NOLD) instructions on page 4 including carryover on Schedule IV Line 7 carryover See the Florida Excess Contribution Carryover Deductions Carryovers certification For qualifying projects defined in s 220 191(1)(g)1 certifying the amount of credit transferred must be attached to your Chapter 220 F S provides that corporations and other entities charged to customers at their business locations in this state claimed claimed a copy of the Assessment Levy and a copy of the Certificate of claimed by each entity must be included in the schedule claimed for the current taxable year on Schedule I Line 7 claimed for the current year on Schedule I Line 10 Code the qualifying business and the entities claiming the qualifying Column (a) Apportionment of Adjusted Federal Income Column (a) Enter the amount of interest excluded from taxable Column (a) The amount of net operating loss deduction shown on Column (b) Column (b) Apportionment of Adjusted Alternative Minimum Column (b) Enter the amount entered under Column (a) less the Column (b) Taxpayers not required to compute Florida alternative Column (b) The net operating loss deduction should be the amount Columns (a) and (b) Enter all amounts claimed as a special Columns (a) and (b) Enter all amounts in excess of $128 000 claimed Columns (a) and (b) Enter all amounts included in federal taxable Columns (a) and (b) Enter any other item required to be subtracted Columns (a) and (b) Enter one seventh of the amounts that were Columns (a) and (b) Enter the amount from Line 13 of Schedule V Columns (a) and (b) Enter the amount from Line 14 of Schedule V Columns (a) and (b) Enter the amount from Line 17 of Schedule V Columns (a) and (b) Enter the amount from Line 18 of Schedule V Columns (a) and (b) Enter the amount from Line 3 of Schedule V Columns (a) and (b) Enter the amount from Line 5 of Schedule V Columns (a) and (b) Enter the amount of excess charitable Columns (a) and (b) Enter the net capital loss carryover as defined in Columns (a) and (b) Enter the portion of assessments to fund a Columns (a) and (b) Enter the subpart F income included in federal Columns (a) and (b) Enter the total amount of excess employee Columns (a) and (b) Enter the total of the amounts from Lines 15 Columns (a) and (b) Enter the total of the amounts from Lines 6 and Columns (a) and (b) If the taxpayer s business is entirely within Columns (a) and (b) If you are a regulated investment company (RIC) Columns (a) and (b) See Florida Excess Contribution Carryover Columns (a) and (b) See Florida Net Capital Loss Carryover Columns (a) and (b) See Florida Net Operating Loss Carryover Columns (a) and (b) The eligible net income of an international commercial domicile is in Florida unless the taxpayer commercially domiciled in this state common parent has sales property or payroll in Florida companies and taxpayers who have been given prior permission by companies may not claim the community contribution credit against company consists of premiums for reinsurance accepted by it the company with the Florida Insurance Commissioner compensation must also sign the return and provide: compensation The denominator is the total compensation paid to complete Column (b) titled Adjusted AMT Income in Schedule IV complete Schedule R Completing Florida Form F 1120 computation of eligible net income and a definition of international Computation of Florida Net Income Tax Compute the average value of property using Schedule III B On compute the Florida portion of adjusted federal income Florida does computed from the installment due date until the earlier of the payment computed the deduction: considerations as reported on the annual statement filed by the considered to be doing business outside Florida consolidated federal tax return but the corporation is filing a separate consolidated return consolidated return consolidated return for federal income tax purposes and paid the Consolidated Returns consolidated returns filed prior to July 19 1983 Attach a consolidated subsidiary filing separately in Florida had also filed a Contact Us contribute to the operations of the taxpayer s economic enterprise as a contribution against corporate income tax for the taxable year of the Contribution for each assessment claimed as a credit contribution The amount of the community contribution credit allowed contributions determined under s 170(d)(2) IRC carried forward and contributions to nonprofit scholarship funding organizations (SFOs) contributions to qualified pension plans) and s 404(a)(3)(A)(ii) IRC controlled group of corporations as defined in s 1563 IRC If the controlled group of corporations as defined in s 1563 IRC If you copy of the credit certification You may carry forward any unused copyright royalties to the extent they do not arise from transactions corporate income tax corporate income tax and must file either Florida Form F 1120 or corporate income tax generated by or arising out of the qualifying Corporate income tax is imposed by s 220 11 F S corporate income tax liability for the year it ceases doing business corporate income tax return if: Corporate Income/Franchise Tax Corporate Income/Franchise Tax Return corporation may apportion income corporation that derived less than 20 percent of its gross corporation the final C return is not considered to be a final tax return Corporation to be included in a Consolidated Corporation to be Included in a Consolidated Income Tax Return Corporation to the return Additional information can be obtained from corporations located in an energy economic zone Attach a copy of Corporations or other entities subject to Florida corporate income tax Corporations required to pay federal AMT must compute the amount countries allowable as credits under s 901 IRC to any credit (s 220 195 F S ) that is deductible from gross income credit Businesses may apply for this credit with Enterprise Florida credit cannot be carried forward more than five (5) years credit certificate issued by the Florida Department of Environmental credit for a period of five (5) years credited credits a copy of the letter received from the Department of Revenue credits for a period not to exceed five (5) years crime area job tax credits for the taxable year cumulative amount due if the installments were based on: current year on Schedule I Line 12 date or due date for filing the annual tax return without regard to any December 31 1981 Enter this adjustment on Schedule I Line 20 December 31 1986 for tax years ending prior to January 1 2012 December 31 the Florida Form F 1120 is due on or before April 1 of declaration on or before the next installment due date declaration was required and the computation of penalties and interest deducted as shown on federal Form 4562 for these assets and deducted in computing federal taxable income for the taxable year Deduction instructions (page 4) Deductions Deductions instructions (page 5) deeds of trust or other liens upon real or tangible property denominator is direct premiums written on properties and risks Department may require or allow monthly averaging of property values Department of Environmental Protection Bureau of Waste Cleanup at Department of Revenue's Internet Site Department s Internet site and follow the links deposit company private banker savings and loan association credit depreciable assets were placed in service between January 1 1981 and depreciation (assets placed in service before depreciation allowance (50% and 100%) under IRC s 168(k) for depreciation election (General Rule Election A or Election B) of each Depreciation Elections details of the adjustment Development) You may carry forward any unused credit one year difference If the result is a loss enter zero (0) difference is the starting point for the computation The federal AMTI difference on this line and on Schedule VI Line 7 difference on this line and on the front page of Florida Form F 1120 different Federal Employer Identification Number (FEIN) the following directly or indirectly owns an interest in a partnership trust or dividends are presumed to be business income Do not detach the coupon located at the bottom of the first page documentation is required: does not limit the amount of the NOLD to 90 percent of the alternative doing business outside the state Making only sales in another state due Also enter the amount due in the space provided at the bottom due date Make payments in U S funds Penalties and interest apply due date of the return Due Dates for Declaration and Payment due If you file federal Form 1120 H (U S Income Tax Return for during the taxable year earlier years earnings (ACE) adjustment should adjust the amount included effect under Chapter 220 F S retroactively to the effective date Effective 01/14 Effective for tax years beginning on or after either the base of operations or the place from which the service Election A and Election B taxpayers (see Depreciation Elections Elections Electronic Filing Electronic Filing Program You must file and pay electronically if you Electronic Filing The penalty is 5% of the tax due for each month eligible costs incurred between July 1 2006 and June 30 2010 employee s residence is in Florida employees everywhere during the taxable year Enter the numerator in end of year balances for property owned and used within Florida as energy economic zone tax credit taken for the taxable year energy production tax credit (s 220 193 F S ) energy technologies investment tax credit and the renewable energy engaged exclusively in interstate commerce Enter 5 5 percent of Line 10 or the amount from Schedule VI Enter any available Florida employee benefit plan excess contribution Enter any available Florida excess charitable contribution carryover Enter any available Florida net capital loss carryover deduction See Enter any available Florida net operating loss carryover deduction Enter any other penalty or interest due on Lines 14(b) and 14(d) Enter each type (for example: dividends interest and royalties) and Enter each type (for example: dividends interest and royalties) the Enter result on Line 1 Enter the adjusted federal alternative minimum taxable income from Enter the adjusted federal income from Line 6 on the front page of Enter the amount from Line 20 of schedule V This is the amount taken Enter the amount from Line 21 of Schedule V This is the amount of the Enter the amount from Schedule I Line 21 Column (b) Enter the amount from Schedule II Line 12 Column (b) Enter the amount of any other credits allowable against the corporate Enter the amount of enterprise zone property tax credit including any Enter the amount of federal AMTI after the allowed $40 000 exemption Enter the amount of overpayment you want applied to the following Enter the amount of overpayment you want refunded on Line 19 You Enter the amount within Florida in Column (a) and the amount Enter the amounts within Florida in Column (a) and amounts Enter the Florida apportionment fraction from either Schedule III A Enter the result in Column (c) of Schedule III A In Column (d) use Enter the sum of Lines 1 and 2 on Line 3 and on Schedule II Line 7 Enter the sum of Lines 1 through 22 on this line and on the front page Enter the total amount of additions or adjustments to federal taxable Enter the total amount of state income taxes deducted on the federal Enter the total amount of subtractions from federal taxable income Enter the total credits against the tax from Schedule V Line 23 Credits Enterprise Zone Jobs Credit Certificate of Eligibility for Corporate Enterprise Zone Property Tax Credit form (Florida Form F 1158Z) entity s federal Form 4562 and a statement setting forth the established in s 220 807 F S For information on current and prior establishes that the location of the leased tangible property estimate differs materially from the original estimate file an amended Estimated Tax (Florida Form F 1120ES) estimated tax installments Do not annualize your payments estimated tax is 12 percent per year If you underpay your estimated estimated tax is due estimated tax payments estimated tax To determine if a declaration and payment of estimated Estimated Tax Worksheet everywhere Florida defines the term direct premiums written as the everywhere in Column (b) on Schedule III D Line 1 Divide Column (a) everywhere in Column (b) on Schedule III D Line 2 Divide Column (a) Examples of Florida Net Operating Loss Carry Forward Schedules Examples of Florida Net Operating Loss Carry Forward Schedules on excess charitable contribution carryover on Schedule IV Line 6 and excess contributions actual contributions made federal contribution excise tax credit (s 220 195 F S ) which is equal to all of the emergency excise tax paid but not taken as a credit to be entered on this line You excluded from the apportionment factors Exemption exemption increases from $25 000 to $50 000 expenses directly and indirectly attributable to s 951 IRC on Line extension of time No penalty or interest will apply if the cumulative Extension of Time to File extension of time will be void if: Extensions are valid for six months We permit only one extension extent and for the same periods prescribed in s 1212 IRC extent and for the same time periods prescribed in s 172 IRC The F 1065 Florida Partnership Information Return F 1065 must be entered on Line 11 of this schedule F 1120 F 1120 should be its federal taxable income computed as if it had filed F 1120A F 1120A Florida Corporate Short Form F 1120ES Declaration/Installment of Florida Estimated F 1120N F 1120X Amended Florida Corporate Income Tax Return F 1122 Authorization and Consent of Subsidiary F 1156Z Florida Enterprise Zone Jobs Credit Certificate F 1156Z for the taxable year F 1158Z Enterprise Zone Property Tax Credit F 2220 Underpayment of Estimated Tax on Florida F 7004 Tentative Income/Franchise Tax Return and F 851 Affiliations Schedule F A C facility for the sum of: (a) expenses for required hydrologic geologic factor will be 100 percent factors factors on Schedule III A Lines 1 2 and 3 of Column (e) Enter the Federal federal AMT must compute Florida AMT even if it files a separate federal consolidated return Federal Employer Identification Number federal Form 1120 or the corresponding line (taxable income) of the federal income in Column (a) federal income tax at the corporate level federal income tax purposes federal income tax purposes Florida considers intangible personal federal return is due on May 1 the related Florida Form F 1120 is due Federal Taxable Income federal/state electronic filing program Go to the Department s Internet fiduciary must sign any return filed on behalf of the entity file a consolidated return the amount of exemption taken on Line 9 filed a separate schedule listing the name address FEIN and the Filing filing the annual Florida return will be binding upon all members with Filing Tips final federal return When a C Corporation elects to become an S first day of the last month in the short taxable year When determining fiscal year (July 1 June 30) Go to the Department s Florida Florida Florida Administrative Code Florida allows a credit equal to 50 percent of a qualified community Florida allows only one $50 000 exemption to the members of a Florida Alternative Minimum Tax) must complete Column (b) Florida AMT Florida AMT is 3 3 percent of the Florida alternative minimum taxable Florida AMT that may be due The corporation is liable for whichever Florida and federal income tax purposes is subject to the Florida Florida Apportioned Florida apportions the income of transportation companies by Florida but the service performed outside Florida is incidental to Florida carryover to future tax years is limited to the amount of the federal Florida consolidated return Florida corporate income tax return Florida Corporate Short Form F 1120A Florida defines the term sales as gross receipts without regard Florida Department of Revenue Florida Department of Revenue Florida does not allow a taxpayer to apportion income if it is not Florida Energy Tax Credit available on the Department of Revenue s Florida enter zero (0) If the business is outside Florida enter the Florida excess charitable contribution carryover on Schedule II Line Florida Excess Contribution Carryover Florida Form F 1065 on Line 20 of this schedule Florida Form F 1120 Florida Form F 1120 If Line 19 is left blank we will credit the entire Florida Form F 7004 enter the tentative tax paid on Line 16(b) Add Florida Form F 7004 if timely filed Florida income tax as it is for federal income tax If you change your Florida insurance premium tax is not eligible to take it against Florida Florida Life and Health Insurance Guaranty Association (FLAHIGA) Florida Net Capital Loss Carryover Deduction Florida net capital loss carryover on Schedule II Line 4 Florida Net Operating Loss Carryover Deduction Florida net operating loss carryover deduction available on Schedule II Florida Portion of Florida return filed Check Final return only if you have filed a Florida return See Rule 12C 1 0222 F A C for information on the Florida Secretary of State For information contact the Department of Florida Statutes do not provide a similar credit for Florida income tax Florida Statutes do not provide for a separate calculation for an Florida taxpayers doing business outside Florida are required to Follow instructions for Schedule IV Lines 4 through 7 Column (a) following criteria: following the year in which such assessment was paid Attach a copy following the year in which the assessment was paid For 100% Florida Taxpayers: For a financial organization Florida sales will also include: for a period not to exceed five (5) years For corporations not included within the definition of a financial for each affiliated member Attach the form to the Florida for insurance companies transportation companies citrus processing For Lines 1 2 and 3 of Schedule III A divide the amount in Column (a) For qualifying projects defined in s 220 191(1)(g)3 F S when the for taxable years beginning For Taxpayers that Apportion (doing business outside Florida): for the corporation A return for a foreign (out of state) corporation for the current year on Schedule I Line 8 for the property and payroll factors will change from 25 percent to 50 for the same research expenses The Department of Revenue must for the taxable year for the taxes taken as a federal tax credit for this adjustment For transportation other than by pipeline a revenue mile is the For written replies to tax questions write to: Form 1120 (U S Corporation Income Tax Return) must file Florida Form 1120S Form 1125 A federal Form 1125 E (if required to complete for federal Form F 1120 Note: The election to apply an overpayment to the next Form F 1120 on which you are claiming the credit Note: Insurance Form F 1122 Authorization and Consent of Subsidiary Form F 1156Z Taxpayers claiming the credit must include the amount Form F 851) 1122 1125 A 4626 Schedule D Schedule M 3 and Forms Forms F 1120 or F 1120A regardless of whether any tax may be formula (average value of property payroll and sales factors) except forward any unused credit for a period not to exceed five (5) years forward for up to five years You may transfer this tax credit one time fraction for the taxable year(s) apportioned excess contribution to be fraction for the year in which the loss occurred franchise tax if any depreciable assets were placed in service between franchise tax liability Franchise Tax Return and Application for Extension of Time to File Franchise Tax Return? Fraudulent Return The penalty for filing a false or fraudulent return is from Schedule R Line 3 See Instructions for Schedule R (page 14) funding organizations (s 220 1875 F S ) and the Florida renewable General Information Generally corporations should enter the amount shown on Line 30 of Generally Florida Form F 1120 is due the later of: Generally the Florida consolidated group must be identical to Go to our Internet site for Florida Form F 1120X with instructions Go to: www myflorida com/dor/list/ Governors of the State University System or the university president graduate programs at the professional or doctoral level This exclusion greater of $300 or 10 percent of the tax finally determined to be due guaranty association incurred for the taxable year that is equal to the Health Insurance Guaranty Association (FLAHIGA) Assessment Credit Homeowners Associations) you are not required to file a Florida However adjustments such as those listed in s 220 13(1)(e) F S may However if a member insurer ceases doing business all uncredited However if the principal source of premiums written by an insurance identification number and amount of capital investment tax credit identifying the amount of tax and the state to which it was paid and If a consolidated Florida corporate income/franchise tax return is If a corporation is a member of an affiliated group that filed a If monthly averages are used you must attach appropriate schedules If substantial fluctuations in the values of the property exist during the If the due date falls on a Saturday Sunday or federal or state holiday If the taxable year is less than 12 months the $50 000 exemption If the taxpayer is doing business outside Florida complete Schedules If the taxpayer s business is also conducted outside Florida If the taxpayer s business is conducted entirely within Florida enter If the taxpayer s business is conducted entirely within Florida enter the If the taxpayer s business is entirely within Florida enter the amount If the taxpayer s business is entirely within Florida enter zero (0) If If you are claiming a transferred capital investment tax credit per If you are doing business outside Florida you must enter zero (0) on If you are doing business outside Florida you must enter zero (0) on If you are requesting a refund (Line 19) send your return to: If you conduct all of your business in Florida you must enter the If you conduct all of your business in Florida you must enter the If you did not pay federal AMT for the related federal taxable year you If you do not have an FEIN obtain one from the Internal Revenue If you expect the amount of your income tax liability for the year to be If you have underpaid estimated tax you may compute penalty and if you must file a declaration of estimated tax for a short taxable year If you underpay estimated tax penalty and interest apply (see If you use commercial software to prepare and file your paper return: III A Column (b) for the sales factor is zero the weighted percentage III A Line 1 Average Value of Property III A Line 2 Column (b) For purposes of this factor compensation is III A Line 2 Payroll III A Line 3 Column (b) III A Line 3 Sales Factor III A Line 4 Apportionment Fraction III and IV and enter the adjusted federal income amount from III D Special Apportionment Fractions in a Florida partnership or joint venture A Florida partnership is a in a state other than Florida See Rule 12C 1 015 F A C for further In addition the corporate owner of an LLC classified as a in Column (a) by the amount of the depreciation ultimately in increments of 25% or more Refer to Florida Form F 1193T Notice in the computation of taxable income for the taxable year per Inc at 850 298 6620 A taxpayer that takes this credit against Include the Florida net operating loss carryover deduction available include the Notice of Acceptance as an S corporation from the IRS if included corporation must be attached included in Column (a) by the amount of the tax preference included in the ACE adjustment including properly filed extensions including subsequent additions to the group even if the parent including withholding taxes specified in s 220 13(1)(b)5 F S Income income (AMTI) The computation of the Florida AMTI is similar to income and s 862 dividends and subtract expenses (1[a] + 1[b] 1[c]) income by ratios of the taxpayer s property payroll and sales in Florida income for federal income tax purposes are subject to Florida income for the taxable year Refer to federal Form 1120 Schedule D income from tangible and intangible property if the acquisition income or existing in Florida income or loss for its taxable year ending in 1984 from sources income or subtracted pursuant to s 220 13(1)(b)2 F S See income plus nonbusiness income allocated to Florida (Line 7 plus Line income shown on Schedule I Line 21 Column (a) income tax Income Tax (Florida Form F 1156Z) Enter the amount from Florida Income Tax Code and must file a Florida corporate income tax income tax credit memos issued by the Department If you filed income tax purposes The subtraction may not exceed the Income Tax Return income tax return (Florida Form F 1120) electronically income tax return as part of the federal General Business Credit income tax return The income must be reported on the owner s income to the extent not deductible in determining federal taxable income under s 103(a) IRC or any other federal law less the income under s 78 IRC on Line 1(a) Enter dividends treated as Income/Franchise Tax Income/Franchise Tax Affiliations Schedule) must be attached income/franchise tax Attach a supporting schedule indicating the type Income/Loss Income/Loss (a) x (b) Income/Loss (c + d) Incomplete Return For an incomplete return the penalty is the increase the amount of the Florida carryover See Rule 12C 1 013(15) indirectly attributable to ss 78 and 862 IRC on Line 1(c) Add s 78 information information about when a Florida corporation may apportion income information as applicable: Information forms and tutorials are available on our Internet site: installment sale agreements originally executed by a taxpayer or INSTRUCTIONS Instructions (page 4) Instructions for preparing Florida Form F 1120 for taxable years beginning instructions for Question H 1 instructions for Schedule VI and see the various carryover deduction instructions for Schedule VI page 13) must compute the Florida instructions on page 5 instructions on pages 4 and 5 Insurance Companies Insurance companies apportion adjusted federal income to Florida Insurance companies may only claim this credit against their insurance Interest interest included in the adjusted current earnings (ACE) adjustment interest rate on January 1 and July 1 of each year by using the formula interest using Florida Form F 2220 and enter the amounts on Lines Internal Revenue Service (IRS) Internet site for more information Internet site For transferred credits a copy of the letter received from investment in renewable energy technologies Any unused credit may investment under the Florida New Markets Development Program involved IRS Instructions for Form 1120 is administered by the Office of Film and Entertainment Visit their is allowed to a controlled group of corporations For any Florida is based upon additional electricity produced and sold between is directed or controlled is in Florida or the base of operations is greater See instructions for Schedule VI is in another state or states for the entire taxable year and the is in effect indefinitely Taxpayers who made Election B are required to is in this state is limited to $200 000 per taxpayer You may carry forward any unused is limited to the lesser of $50 000 or the Florida portion of adjusted is necessary unless the corporation made an election under is the revenue miles within Florida and the denominator is the revenue is the total sales of the taxpayer everywhere during the taxable year is unknown see the Principal Business Activity Codes section of the its agent to sell real or tangible personal property located in this January 1 1981 and December 31 1986 Enter this adjustment on January 1 1987 should check General Rule See Depreciation January 1 2007 and June 30 2010 or January 1 2013 and June January 1 2013 the corporate income tax January 1 2014) and excess s 179 expense January 1 2014) See also the instructions for Job Tax Credit Late Filed Return The penalty for a return filed late is 10 percent legislative changes less than 50 cents to the next lowest dollar and increase amounts from letter received from the Department of Revenue certifying the amount liability exceeds $2 500 Complete the worksheet to determine if Likewise add Lines 6b and 7b and enter the everywhere average on limitation amount of excess contributions Florida apportionment limited to the amount of regular tax that is due over the amount of AMT Line 1 Column (a) Apportionable Adjusted Federal Income Line 1 Column (b) Apportionable Adjusted Federal Income Line 1 Federal Alternative Minimum Taxable Income (AMTI) after Line 1 Federal Taxable Income Line 1 Florida Health Maintenance Organization Consumer Line 1 Gross Foreign Source Income Less Attributable Expenses Line 1 Interest Excluded from Federal Taxable Income Line 1 Nonbusiness Income (Loss) Allocated to Florida Line 10 Florida Alternative Minimum Tax (AMT) Credit Line 10 Florida Net Income Line 10 Rural and/or Urban High Crime Area Job Tax Credits Line 10 s 168(k) IRC Special Bonus Depreciation Line 11 Contaminated Site Rehabilitation Tax Credit Line 11 Other Subtractions Line 11 State Housing Tax Credit Line 11 Tax Due Line 12 Child Care Tax Credits Line 12 Credit for Contributions to Nonprofit Scholarship Funding Line 12 Credits Against the Tax Line 13 Renewable Energy Tax Credits Line 13 State Housing Tax Credit Line 13 Total Corporate Income/Franchise Tax Due Line 14 Credit for Contributions to Nonprofit Scholarship Funding Line 14 Penalty and Interest Line 14 s 179 IRC Expense Above $128 000 Line 15 Renewable Energy Technologies Investment Tax Credit Line 15 s 168(k) IRC Special Bonus Depreciation Line 15 Total of Lines 13 and 14 Line 16 Florida Renewable Energy Production Tax Credit Line 16 New Markets Tax Credit Line 16 Payment Credits Line 17 Entertainment Industry Tax Credit Line 17 New Markets Tax Credit Line 17 Total Amount Due Line 18 Credit Line 18 Entertainment Industry Tax Credit Line 18 Research and Development Tax Credit Line 19 Energy Economic Zone Tax Credit Line 19 Jobs for the Unemployed Tax Credit Line 19 Refund Line 2 Capital Investment Tax Credit Line 2 Column (a) Florida Apportionment Fraction Line 2 Column (b) Florida Apportionment Fraction Line 2 Florida Exemption $50 000 Line 2 Gross Subpart F Income Less Attributable Expenses Line 2 Nonbusiness Income (Loss) Allocated Elsewhere Line 2 State Income Taxes Deducted in Computing Federal Line 2 Undistributed Net Long Term Capital Gains Line 20 Other Additions (attach statement) Line 20 Research and Development Tax Credit Line 21 Energy Economic Zone Tax Credit Line 22 Line 22 Other Credits Line 23 Total Credits Against the Tax Line 29(a) of the federal Form 1120 or on the corresponding line of Line 3 Line 3 Additions to Federal Taxable Income Line 3 Enterprise Zone Jobs Credit Line 3 Florida Net Operating Loss Carryover Deduction Line 3 Net Operating Loss Deduction Line 3 Total Nonbusiness Income Line 4 Line 4 Column (a) Net Operating Loss Carryover Apportioned to Line 4 Community Contribution Tax Credit Line 4 Florida Net Capital Loss Carryover Deduction Line 4 Net Capital Loss Carryover Line 4 or Schedule III D Column (c) Line 4 Total of Lines 1 2 and 3 Line 5 Column (a) Net Capital Loss Carryover Apportioned to Line 5 Enterprise Zone Property Tax Credit Line 5 Excess Charitable Contribution Carryover Line 5 Florida Excess Charitable Contribution Carryover Line 5 Subtractions from Federal Taxable Income Line 6 Adjusted Federal Income Line 6 Column (a) Excess Charitable Contribution Carryover Line 6 Employee Benefit Plan Contribution Carryover Line 6 Florida Employee Benefit Plan Contribution Carryover Line 6 Rural Job Tax Credit and Line 7 Urban High Crime Area Line 7 Column (a) Employee Benefit Plan Contribution Carryover Line 7 Enterprise Zone Jobs Credit Line 7 Florida Portion of Adjusted Federal Income Line 7 Nonbusiness Income Line 8 Ad Valorem Taxes Allowable as an Enterprise Zone Line 8 Column (a) Total Carryovers Apportioned to Florida Line 8 Column (b) Total Carryovers Apportioned to Florida Line 8 Eligible Net Income of an International Banking Facility Line 8 Emergency Excise Tax (EET) Credit Line 8 Nonbusiness Income Allocated to Florida Line 8b of Schedule III B and on Schedule III A Line 1 Column (b) Line 9 Line 9 Column (a) Adjusted Federal Income Apportioned to Line 9 Column (b) Adjusted Federal Income Apportioned to Line 9 Florida Exemption Line 9 Guaranty Association Assessment(s) Credit Line 9 Hazardous Waste Facility Tax Credit Line 9 s 179 IRC Expense Line by Line Instructions for Lines 1 through 4 of this schedule enter the beginning of year and Lines 4 through 7 Column (b) Net Operating Loss and Other LLC even if the only activity of the corporation is ownership of the loans secured by mortgages deeds of trust or other liens upon located in Florida certified as dedicated exclusively to the activities located outside this state loss deduction (NOLD) for AMT purposes or limit the amount of the Maintenance Organization Consumer Assistance Plan for assessments make a depreciation adjustment in computing the corporate income/ Make check payable to and send with return to: Make your estimated tax payments in four equal installments For Making only sales in another state without property or payroll in that managed within this state management and disposition of the property constitute integral may be transferred) may carry forward any unused credit for a period not to exceed five (5) may request a refund of any portion of an overpayment Also enter member of a partnership or joint venture that does business in Florida members Include FEIN address and apportioned amount of the Members of a Controlled Group Only one $50 000 exemption miles everywhere Minimum Tax (AMT) minimum tax should only compute the Florida portion of adjusted Minimum Tax) must complete Column (b) Minimum Taxable Income (AMTI) The NOLD carryover will be reduced minimum taxable income before the NOLD Modernized e File (MeF) Federal/State Electronic Filing modifications decrease the taxpayer s distributive share of modifications increase the taxpayer s distributive share of modifications Such modifications include Florida additions and month or fraction thereof not to exceed $300 more detailed information Multiply the amount in Column (c) by the more information on corporate income tax more than $2 500 you must make a declaration of estimated tax for multiplying their adjusted federal income by a fraction; the numerator must also change the taxable year or method of accounting for Florida must be attached to the return must be prorated Multiply $50 000 by the number of days in the must file and pay electronically if you paid $20 000 must file Florida Form F 1120 unless qualified to file Florida Corporate must include intangible personal property except goodwill owned and net annual rental rate You must reduce the net annual rental rate by net operating loss multiplied by the Florida apportionment fraction NOL Carry Forward NOL Carry Forward to Next Year NOLCO Applied NOLCO Applied (Schedule II) NOLD to 90 percent of AMTI before the NOLD See the Florida Net Nonbusiness income is not subject to apportionment but is allocated Nonbusiness income means rents and royalties from real or tangible not allow a taxpayer to apportion income using Schedule IV if it is not not have been subject to federal AMT if a separate federal return had not to exceed $10 000 An incomplete return is one that we cannot not to exceed five (5) years Note: A late filed return will subject a corporation to penalty whether Note: Credits against the tax may not exceed the corporate income/ Note: If the amount reported in Schedule III A Column (b) for either Note: Insurance companies using this apportionment fraction should Note: Taxpayers claiming the credit must include the amount claimed Note: Taxpayers claiming these credits must include the amounts Note: Taxpayers doing business outside Florida enter zero (0) on Lines Note: Taxpayers must include the amount claimed for the current Note: Taxpayers must include the amount claimed for the current year Note: Taxpayers must include the amount of any credit claimed for the Note: Taxpayers required to complete Schedule VI (Alternative Note: Taxpayers required to complete Schedule VI (Computation of Note: Taxpayers that conduct business entirely within Florida need not Note: The amounts entered in Schedule VI are not reduced by any Note: You must attach a list to Florida Form F 1120 identifying the numerator and denominator of the above fraction include the direct of $250 000 for tax years beginning in 2010 Attach a schedule of a federal consolidated return Enter the name and FEIN from your of a voluntary cleanup of a contaminated site Any corporation of an overpayment as an estimated tax payment Also enter this of any refunds received of Eligibility for Corporate Income Tax of Florida Estimated Income/Franchise Tax to declare and pay of Florida Form F 1120 (Line 12) of Intent to Transfer Florida Energy Tax Credit which is available on the of one mile for consideration of regular Florida corporate income/franchise tax and the amount of of sponsored research and development contracts through a state of stationary facility equipment used for recycling hazardous wastes of such amendments Taxpayers who elected to be governed of the affiliated group of the assessment notice to Florida Form F 1120 of the credit transferred (only credits relating to solar energy projects of the front page of Florida Form F 1120 Make your check payable to of the qualifying business affiliated group or a related entity that is of the related federal return for the taxable year For example if the of the subtraction including subtractions claimed in earlier years of the tax year For example for a taxpayer with a tax year that ends of your federal extension alone will not extend the time for filing your of your Florida Form F 1120 or your account may not be properly officer from the corporation or entity that made the payment on either Schedule II or IV including that portion that reduces Florida on Florida Form F 1158Z On Line 16(a) enter the total estimated tax payments if any made for on Line 8a of Schedule III B and on Schedule III A Line 1 Column (a) on May 15 on or after January 1 2013 on page 15 on page 5 on Schedule I Line 11 on Schedule III A Line 3 Column (a) and the denominator on Schedule on Schedule IV Line 5 On Schedule VI Line 7 enter the amount from Schedule IV Line 9 on the federal Form 4626 on the federal return you must use it on the Florida return on underpayments one of these credits against sales and use tax is not eligible to take Operating Loss Carryover Deduction (NOLD) instructions on page 4 operating loss for Florida The Florida excess contribution deduction is Opportunity (formerly the Office of Tourism Trade and Economic or a real estate investment trust (REIT) enter the undistributed net or accrued for the taxable year other than that shown on federal or between July 1 2012 and June 30 2016 in connection with an or investment company or less enter zero (0) or more in tax during the State of Florida s prior or not tax is due or order it from www irs gov or call 800 829 3676 or place from which the service is controlled is not in any or reduced exemption stated on the federal Form 4626 or soil site evaluations and permit fees and (b) five percent of the cost or the Department of Agriculture and Consumer Services must be or upon filing the taxpayer s first return after December 20 organization intangible personal property will not be included in the Organizations originals to the Department of Revenue other entity not taxable as a corporation it must include in its other entity should be computed in the same manner explained other factor will be 33 1/3 percent and the weighted percentage for the other federal income tax forms overpayment to next year s estimated tax Sub S corporations must page 15 page 4 page 7 paid $20 000 or more in tax during the State of Florida s prior fiscal paid over the regular tax that would have otherwise been due without paid under s 631 828 F S This credit is limited to 20 percent of the paid within Florida if: partnership doing business earning income or existing in Florida partnership for Florida and federal income tax purposes must file a partnership income or loss included in its federal income tax partnership income or loss is based on the federal ordinary partnership income or loss with certain modifications parts of the taxpayer s regular trade or business operations or any Payment of Tax payments showing the amounts paid and dates of each payment Penalties Penalty and interest on an underpayment of estimated tax are per month or fraction thereof not to exceed 50 percent of the tax due per tax year percent each If the amounts reported in Schedule III A Column (b) for percent of the amount of the assessment for each of the 20 years period interest rates visit our Internet site period is less than four months or the requirement is first met after the personal property personal property and includes: personal property capital gains interest dividends and patent and photocopy facsimile or stamp A receiver trustee assignee or other places Enter the result in Column (e) places) pledged to secure public funds or trust funds deposited with the plus Line 16(b)) Enter that sum on Line 16 Attach a schedule of PO Box 6440 portion of adjusted federal alternative minimum taxable income in portion of adjusted federal income in Column (a) and the Florida portion of adjusted federal income plus nonbusiness income allocated portion of the carryover apportioned to Florida using the apportionment positive or negative (using a negative sign) adjustment positive or negative difference if any between the depreciation premium tax due under s 624 509 F S premiums written plus premiums written for reinsurance prior to January 1 1987 were subject to the Emergency Excise Tax pro forma 4626 should be the actual amounts computed as the federal produced at a Florida facility from renewable energy The credit production tax credit for the taxable year Program using electronic transmitters approved by project You must attach a pro forma tax return indicating the projection of tax liability Circumstances may develop during the year proof that you are using approved software property property 25 percent to payroll and 50 percent to sales property factor The property factor used by a financial organization property is delivered or shipped to a purchaser within this state property is in this state property on Line 7 Add Lines 6a and 7a and enter the Florida average Property owned is valued at original cost without regard to property placed in service before January 1 2014 Property Tax Credit property to be in this state if it consists of any of the following: Protection Additional information can be obtained by contacting the purposes nor is there a provision for a subtraction from federal income pursuant to s 220 03(5)(b) or (c) F S should adjust the amount pursuant to s 220 184 F S Any unused credit may be carried forward qualified research expenses in Florida for taxpayers that also claim and qualifying project s Florida taxable income for the year to claim this Question A Enter the state in which you are incorporated Question B Enter the Florida document number received from the Question C Check the appropriate box to indicate if you are filing a Question D Check the Initial return box if the return is the initial Question E Check the Depreciation election (General Rule Election Question F Enter the Principal Business Activity Code that pertains Question G Check the appropriate box to indicate if you have filed Question H 1 Florida allows only one $50 000 exemption to a Question H 2 Check the appropriate box to indicate if you are part Question H 3 Check the appropriate box to indicate if the federal Question I Enter the address where the corporate books and records Question J Check the appropriate box to indicate if you are a Question K Provide the date of your latest IRS audit and list the Question L Please provide the name a telephone number and e mail Question M Indicate the form number of the return filed with the IRS Questions A through M R 01/14 readily handle verify or review real or tangible personal property located in this state real or tangible personal property located in this state or from receipts or income taxes paid to cities or counties receipts or income taxes paid to cities or counties Prepare a list received from sources outside the United States as determined under regular NOLD available against regular taxable income or Alternative related federal income tax return rendered within this state report and pay the corporate income/franchise tax as if the amendments reported on Line 6 on this line reporting its own income and the income of the single member Required Attachments requirements that must be met for your request for an extension of requires adjustments for the special bonus requires the filing of a consolidated return for all subsequent years respect to estimated tax This includes the determination of whether a respectively See also Penalties and Interest on page 3 return return return and either file your return or extension of time by the original return appropriate subtraction as determined on Florida Form return Enter the taxpayer s name and FEIN on all sheets exactly as return filed return for Florida the amount shown on Line 1 of the Florida Form return for Florida This is true even if the individual corporation would return if the single member LLC is owned directly or indirectly return in the computation of federal taxable income Include the return is limited to an affiliated group where the parent corporation is return is required for a period of less than 12 months unless the short return must be identical to the affiliated group filing the federal Return To obtain Florida Form F 7004 see "Contact Us" on page 15 return you must enter an appropriate addition as determined on returns An original signature is required We will not accept a Revenue Code of 1954 as amended and in effect on January Revenue Code of 1954 as amended and in effect on January 1 1980 Revenue or the Department of Agriculture and Consumer Services to Rounding Off to Whole Dollar Amounts Rule 12C 1 015 F A C for further information about when a Florida Rule 12C 1 051 s 1212 IRC deducted from capital gains in computing federal taxable s 220 03(5)(b) F S or s 220 03(5)(c) F S for taxable years beginning s 220 13(1)(a)6 F S s 220 131 F S and Rule 12C 1 0131 Florida Administrative Code s 220 131(1) F S within 90 days of December 20 1984 s 220 152 F S s 220 191(2)(c) F S you must attach to your return a copy of the s 862 IRC on Line 1(b) Enter the total of expenses directly and S corporations should enter only the amount of income subject to sales factor will be 66 2/3 percent If the amount reported in Schedule sales of the taxpayer in Florida during the taxable year The denominator Sales will be attributable to Florida using the following criteria: Save Time and Paperwork with Electronic Schedule I Additions and/or Adjustments to Schedule I Additions lines 14 and 15 on Schedule I Line 20 Schedule II Line 3 and the amount of the NOLD on Schedule IV Schedule II Line 4 and the Florida portion of net capital loss carryover Schedule II Line 6 Schedule II Lines 5 and 6 You must enter the Florida portion of your Schedule II Subtractions from Federal Taxable Schedule III A Line 2 Column (a) Enter the denominator in Schedule Schedule III Apportionment of Adjusted Federal Schedule IV Computation of Florida Portion of Schedule IV Line 2 Schedule IV Line 9 Column (a) Schedule M 1 of the federal return Schedule R Nonbusiness Income schedule showing the computation of federal taxable income for Schedule V Credits Against the Corporate Schedule V in the order they must be applied The Florida Life and Schedule VI Computation of Florida Alternative Schedule VI Line 6 Schedule VI Line 8 scholarship funding organization to your Florida Form F 1120 scholarship funding organizations for the taxable year Section (s ) 220 13(1)(e) Florida Statutes (F S ) Section 220 02(8) F S provides for an order of application for Section 220 14 F S exempts up to $50 000 of Florida net income section on page 6) The depreciation adjustment will include the securities have acquired a discrete business situs elsewhere Security and Medicare taxes paid on certain employee tip income See Examples of Florida Net Operating Loss Carry Forward Schedules See ss 220 19 and 624 5107 F S See the Florida Excess Contribution Carryover Deductions instructions See TIP #13C01 02 and TIP #13C01 03 for separate federal return Service You can: setting forth the details of the adjustment share of the depreciation difference computed should be added Short Form Income Tax Return Florida Form F 1120A short tax year divided by 365 Short Taxable Years should enter is the: should enter the amount of nonbusiness income allocated to Florida on showing the year and amount of the original addition and the amount shown on Schedule II Line 12 Column (a) Signature and Verification single member LLC site for more information software that develops paper tax forms Ask the vendor for Special Instructions Sponsored Research and Development Contracts through a ss 220 63(5) and 220 62(3) F S for a detailed explanation of the ss 78 862 and 951 IRC and any other income not included in state State Corporate Information at 850 245 6052 or visit the Internet site state does not automatically indicate a taxpayer is doing business state in which some part of the service is performed and the state income taxes if any state or country to which the nonbusiness income is allocated and the Strategic Business Development within the Department of Economic subject to the Florida Income Tax Code and: submit an application to the Florida Housing Finance Corporation Subscribe to our tax publications to receive due date reminders or an e mail when we post: subsequent tax years and treated in the same manner to the same subsequent taxable years and treated in the same manner to the same subsequent year An unused credit cannot be carried forward more subsequently is not subject to Florida tax For more information see Subtract Line 12 from Line 11 Subtract Line 5 from Line 4 and enter the difference Subtract Line 8 Column (a) from Line 3 Column (a) and enter the Subtract Line 8 Column (b) from Line 3 Column (b) and enter the Subtract Line 9 from the sum of Lines 7 and 8 and enter the Subtract the amount on Line 16 from Line 15 and enter the amount subtractions apportionment and the Florida exemption supporting schedules if requested in these instructions Tallahassee FL 32314 6440 Tallahassee FL 32399 0135 tangible personal property tangible personal property will be included in Florida sales if tax complete Florida Form F 2220 Underpayment of Estimated Tax tax is required complete the Estimated Tax Worksheet on page 6 of the tax period or disposed of property before the end of the tax period the tax period or where you acquired property after the beginning of the tax purposes is not required to file a separate Florida corporate tax purposes must file a Florida Partnership Information Return tax purposes) or federal Form 1120 tax shown on Florida Form F 1120 when filed tax year beginning in 2008 2009 2011 2012 and 2013; and in excess tax) on or before the original due date of Florida Form F 1120 An taxable as a cooperative under subchapter T of the Internal Revenue Taxable Income Taxable Income taxable income below zero taxable income or the Florida AMTI The Florida Income Tax Code taxable income other than a net operating loss deduction and/or taxable income under s 951 IRC on Line 2(a) Enter the total of Taxable Year and Accounting Methods taxable year as an estimated tax payment You may apply any portion taxable year on Schedule I Line 18 taxable year or your method of accounting for federal income tax you taxable year that is allowable as an enterprise zone property tax credit taxpayer if the office where the secured deposits are maintained taxpayer is a member of a controlled group attach a list of the taxpayer is taxable in such other state or states taxpayer may apply for approval to carry forward the credit in a taxpayer s business taxpayer who is a member of a controlled group the manner in Taxpayers furnishing transportation services will use a single factor Taxpayers may not subtract from federal taxable income for Social Taxpayers required to compute Florida alternative minimum tax (see Taxpayers who made Election A are required to make a depreciation tentative tax is 12 percent per year during the extension period on the than five (5) years that has ceased doing business in Florida is not a final return that warrant a revision of the original estimated tax If the revised that wishes to obtain this credit must submit with its return a tax that would be due if the AMT statutes were applicable the adjusted federal income (Florida Form F 1120 Line 6) must be The amount of AMT credit that may be taken in a subsequent tax year is the amount of nonbusiness income allocated to Florida on this line the amount of the assessment for each year following the year in The amount of the exemption is the lesser of $50 000 or the Florida the annual rental rate received from sub rentals the appropriate weight for each factor See the note on page 9 for the business is outside Florida see the instructions for Schedule R the certification approving the credit to the return The certification from the Florida Energy and Climate Commission The Child Care Tax Credit Program expired on June 30 2008 You are the computation of the regular Florida taxable income The primary the credits against corporate income tax The credits are listed in the current year or the Department of Revenue certifying the amount of credit transferred The Department of Revenue must approve this credit before it can the Department to apportion income using a different method under the depreciation allowable for these assets under the Internal The difference in the depreciation for the partnership trust or the document has not been sent to the Department the employee s service or the entertainment industry financial incentive program The program the estimated tax payments and the tentative tax paid (Line 16(a) The excess contribution deductions may not create or increase a net the federal consolidated group Also see Consolidated Returns The filing of a Florida consolidated tax return for any taxable year the FLAHIGA credit is to be included in the other credits on Line 22 the Florida affiliated group and the amounts included in the net the Florida Department of Revenue If tax was overpaid please refer The Florida Income Tax Code does not create a separate net operating the Florida Net Capital Loss Carryover Deduction instructions on The Florida net operating loss carryover deduction is limited to the the Florida portion of your excess employee benefit plan contribution The Florida subtraction for net capital loss carryovers is limited to the following year; or The General Rule refers to s 220 03(5)(a) F S Pursuant to The intangible personal property will be valued at its tax basis for the IRS and the Florida Department of Revenue You the lesser of: the Low Income Housing Administrator at 850 488 4197 the operation as a financial organization within this state the participation is located in this state The payroll factor excludes compensation paid to a Florida employee The payroll factor is a fraction The numerator of this fraction is the the portion of the carry forward apportioned to Florida using the The privilege of electing to file a Florida consolidated income tax The property factor is a fraction The numerator of this fraction is the the property or payroll factor is zero the weighted percentage for the the required information and follow the format of the schedules on the the return is considered to be filed on time if postmarked on the next the return is not filed electronically The penalty cannot exceed $250 in the sale of the property is in Florida The sales factor is a fraction The numerator of this fraction is the total The same assessment amount may not be offset by an insurer against the same credit against Florida corporate income tax You may carry the short period If the tax due based on this income is greater than the tax year the taxable income shown on Line 30 of the related federal the taxable year The taxable year and method of accounting must be the same for the taxable year plus any carryovers from previous years or corporate the taxable year Use Florida Form F 1120ES Declaration/Installment The taxpayer must attach a statement listing all compensation paid the taxpayer s assets You must attach a copy of the underlying the taxpayer s commercial domicile is in the state unless such The three factor formula measures Florida s share of adjusted federal The total amount of assessment that can be claimed as a credit is net their corporate income tax liability they appear on the front page of Florida Form F 1120 this amount in the space provided at the bottom of the front page of this credit refer to Florida Form F 1193T Notice of Intent to Transfer This is the amount taken as a credit for contributions to nonprofit This is the amount taken as the entertainment industry tax credit for This is the amount taken as the state housing tax credit for the taxable This is the amount taken for the new markets tax credit for the taxable this section all amendments to the Internal Revenue Code of This will be the amount of enterprise zone jobs credit on Florida Form This will be the portion of the ad valorem taxes paid or incurred for the through the Internal Revenue Service s (IRS) time to be valid to a prior taxable year A net capital loss must be carried over to to a prior taxable year A net operating loss must be carried over to To Amend a Return To apply for an extension of time for filing Florida Form F 1120 To compute the Florida apportionment fraction add the weighted to exceed five years from the date the credits were granted You must To find a taxpayer service center near you go to: www myflorida com/dor/contact html to Florida (Line 7 plus Line 8) If the sum of Line 7 plus Line 8 is zero to Florida business activities If the Principal Business Activity Code to generate business income to late payments To learn more about this credit or to submit your application go to the to Next Year To pay estimated tax go to the Department s Internet site to report and pay the corporate income/franchise tax as if the Internal to returns or allowances The term sales is not limited to tangible To speak with a Department representative call Taxpayer Services Monday through Friday 8 a m to 7 p m ET at To support a deduction attach a schedule showing the following To support a deduction you must attach a schedule showing how To support a deduction you must attach a schedule showing how To support a deduction you must attach a schedule showing how you to the amount paid for the sponsored research to the difference computed under Election A or Election B on to the instructions for Lines 18 and 19 to the Internal Revenue Code that were enacted after January 1 1980 to the return Also the taxpayer must include the schedule of items to total property payroll and sales located or occurring everywhere to transfer total amount of direct premiums written assessments and annuity total amount paid to employees in Florida during the taxable year for total If no tax is due the penalty is $10 total on Schedule III A Line 4 and on Schedule IV Line 2 transportation of one passenger or one net ton of freight the distance Transportation service companies under s 265 IRC or any other law These items will be included in underpaid amount You must calculate the penalty from the original Underpayment of Estimated Tax The penalty for underpayment of Underpayment of Tentative Tax The penalty for underpayment of Underpayments of Estimated Tax union cooperative bank small loan company sales finance company University university or a non public Florida chartered university conducting Us" on page 15 The Department does not send reminder notices for Use Schedule III C to calculate the sales factor Enter the numerator Use the instructions on page 5 for completing Florida Form F 1120 used in the business The term financial organization includes any using a pro forma federal Form 4626 The amounts reflected on the Using Payment Credits Using Software to Prepare Your Return value using the formula provided on Line 6 Enter the value of rented violating the due process clause of the U S Constitution In general We number Instructions to correspond with the appropriate schedule We weight the apportionment factors as follows: 25 percent to website at http://www filminflorida com/ Attach a copy of the weighted percentage in Column (d) Round the result to six decimal well as property owned and used everywhere Compute the average What s Inside When a corporation makes payment using payment credits from a When is Florida Form F 1120 Due? when such taxes are taken as a credit on their federal corporate When you file a Florida consolidated return the amount that you Where to Send Payments and Returns which a depreciation adjustment was made in Column (a) which results from a change in annual accounting period you must which the assessment was paid which the members allocate the $50 000 exemption for purposes of Who is Eligible to File Florida Form F 1120A? Who Must File a Florida Corporate Income/ Who Must Make Estimated Tax Payments? who work for the eligible business full time for at least 12 months whole constitute the taxpayer s trade or business Functionally related Whole dollar amounts may be entered on the return and will not have to pay AMT to Florida will not receive a corporate income tax return package this wishes to participate in the State Housing Tax Credit Program must with the return If no tax is due and you file late the penalty is $50 per within the United States as described in s 861(a)(2)(A) IRC not without deducting any costs for carrying such accounts without property or payroll in that state does not automatically indicate written for insurance upon properties and risks in Florida and the www myflorida com/dor year (July 1 June 30) Go to the Department s Internet site for more year rates year s estimated tax is irrevocable For more information see Rule year s income by 12 and divide the result by the number of months in year; or years years examined You are able to file and pay your Florida corporate You are able to file and pay your Florida corporate income tax return you are not eligible to take it against your Florida corporate income tax you computed the deduction See the Florida Net Operating Loss you computed the deduction You must include the year(s) of federal you computed the deduction You must include the year(s) of loss You may find the instructions for the credit with the instructions for You may not carry back a Florida net capital loss as a deduction You may not carry back a Florida net operating loss as a deduction You may transfer this tax credit To learn more about transfers of You may use additional sheets if the lines on Florida Form F 1120 or on You must also attach copies of federal Forms 4562 851 (or Florida You must base your declaration of estimated tax upon a reasonable You must complete a Florida Form F 1120X to amend your Florida you must complete Florida Form F 7004 Florida Tentative Income/ You must file a return even if no tax is due You must file a separate declaration (Florida Form F 1120ES) when a You must file Florida Form F 7004 and pay all the tax due (tentative You must file Florida Form F 7004 to extend your time to file A copy You must make estimated payments if your corporate income tax You must pay the amount of tax due as shown on Line 17 of the your attached list Attaching the list shows consent to an unequal your return If you take this credit against your insurance premium tax your tax return showing the allocation of the credit For transferred zero If the business is also conducted outside Florida enter the zero should be entered if the actual amount is less than zero The