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Florida Free Printable F 1120 R. 01-19.indd for 2019 Florida Florida Corporate Income/Franchise Tax Return

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Florida Corporate Income/Franchise Tax Return
F 1120 R. 01-19.indd

Florida Corporate Income/Franchise Tax Return F-1120 R. 01/19 Rule 12C-1.051, F.A.C. Effective 01/19 Page 1 of 6 Name Address City/State/ZIP Use black ink. Example A - Handwritten Example B - Typed 0 1 2 3 4 5 6 7 8 9 0123456789 Check here if any changes have been made to name or address For calendar year 2015 or tax year beginning _________________, 2015 ending __________________________ Year end date ____________________ DOR use only Federal Employer Identification Number (FEIN) Computation of Florida Net Income Tax 1. Federal taxable income (see instructions). Check here Attach pages 1–5 of federal return ............................................... if negative 2. State income taxes deducted in computing federal taxable income Check here (attach schedule)............................................................................... if negative , , , , , , 1. 2. 3. Additions to federal taxable income (from Schedule I)..................... Check here if negative 3. 4. Total of Lines 1, 2, and 3................................................................... Check here if negative 4. F-1120 5. Subtractions from federal taxable income (from Schedule II)........... Check here if negative 5. 6. Adjusted federal income (Line 4 minus Line 5)................................. Check here if negative 6. 7. Florida portion of adjusted federal income (see instructions)....................... Check here if negative 7. 8. Nonbusiness income allocated to Florida (from Schedule R)....................... Check here if negative 8. / US Dollars , , , , , , , , , , , , , , , , , , , , , 9. Florida exemption ............................................................................................................... 9. 10. Florida net income (Line 7 plus Line 8 minus Line 9)........................................................... 10. 11. Tax due: 5.5% of Line 10..................................................................................................... 11. 12. Credits against the tax (from Schedule V)............................................................................ 12. 13. Total corporate income/franchise tax due (Line 11 minus Line 12)...................................... 13. , , , , / . . . . . . . . . . . . . Payment Coupon for Florida Corporate Income Tax Return Do not detach coupon. To ensure proper credit to your account, enclose your check with tax return when mailing. YEAR ENDING M M D D Y Y Enter name and address, if not pre-addressed: F-1120 R. 01/19 If 6/30 year end, return is due 1st day of the 4th month after the close of the taxable year, otherwise return is due 1st day of the 5th month after the close of the taxable year. Total amount due from Line 17 Total credit from Line 18 Name Address City/St ZIP Cents Total refund from Line 19 , , , US DOLLARS , , , . . . CENTS FEIN F-1120 Enter FEIN if not pre-addressed 9100 0 20189999 0002005037 8 3999999999 0000 2 F-1120 R. 01/19 Page 2 of 6 14. a) Penalty: F-2220___________________ b) Other____________________ c) Interest: F-2220 __________________ d) Other____________________ Line 14 Total u , , , , , , 14. 15. Total of Lines 13 and 14........................................................................................................ 15. 16. Payment credits: Estimated tax payments 16a $ Tentative tax payment 16b $ ................ 16. 17. Total amount due: Subtract Line 16 from Line 15. If positive, enter amount due here and on payment coupon. If the amount is negative (overpayment), enter on Line 18 and/or Line 19............................................................................................. 17. 18. Credit: Enter amount of overpayment credited to next year’s estimated tax here and on payment coupon .............................................................................................. 18. 19. Refund: Enter amount of overpayment to be refunded here and on payment coupon...... 19. , , , , , , . . . . . . This return is considered incomplete unless a copy of the federal return is attached. If your return is not signed, or improperly signed and verified, it will be subject to a penalty. The statute of limitations will not start until your return is properly signed and verified. Your return must be completed in its entirety. 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. Sign here Title Signature of officer (must be an original signature) Paid preparers only Date Preparer’s signature Preparer check if selfemployed Date Firm’s name (or yours if self-employed) and address Preparer’s PTIN FEIN ZIP All Taxpayers Must Answer Questions A Through L Below — See Instructions q State of incorporation:_______________________________________________________________ G-2. Part of a federal consolidated return? YES B. Florida Secretary of State document number:___________________________________________ FEIN from federal consolidated return: ___________________________________ C. Florida consolidated return? Name of corporation: _______________________________________________ D. q Initial return q YES q NO q G-3. The federal common parent has sales, property, or payroll in Florida? YES Final return (final federal return filed) E. Principal Business Activity Code (as pertains to Florida) F. A Florida extension of time was timely filed? YES q G-1. Corporation is a member of a controlled group? YES H. q NO q Location of corporate books:_____________________________________________________________ City: __________________________________________ State: ______________ ZIP: ________________ q NO q NO q If yes, provide: A. NO q If yes, attach list. Where to Send Payments and Returns Make check payable to and mail with return to: Florida Department of Revenue 5050 W Tennessee Street Tallahassee FL 32399-0135 If you are requesting a refund (Line 19), send your return to: Florida Department of Revenue PO Box 6440 Tallahassee FL 32314-6440 q NO q I. Taxpayer is a member of a Florida partnership or joint venture? YES J. Enter date of latest IRS audit: ______________ a) List years examined: ____________ K. Contact person concerning this return: ___________________________________________________ a) Contact person telephone number: (______ )______________________________________________ b) Contact person email address:_________________________________________________________ L. Type of federal return filed q 1120 q 1120S or __________________ Remember: ü Make your check payable to the Florida Department of Revenue. ü ü Write your FEIN on your check. ü ü Attach a copy of your federal return. Sign your check and return. Attach a copy of your Florida Form F-7004 (extension of time) if applicable. F-1120 R. 01/19 Page 3 of 6 NAME FEIN TAXABLE YEAR ENDING Schedule I — Additions and/or Adjustments to Federal Taxable Income 1. Interest excluded from federal taxable income (see instructions) 1. 2. Undistributed net long-term capital gains (see instructions) 2. 3. Net operating loss deduction (attach schedule) 3. 4. Net capital loss carryover (attach schedule) 4. 5. Excess charitable contribution carryover (attach schedule) 5. 6. Employee benefit plan contribution carryover (attach schedule) 6. 7. Enterprise zone jobs credit (Florida Form F-1156Z) 7. 8. Ad valorem taxes allowable as enterprise zone property tax credit (Florida Form F-1158Z) 8. 9. Guaranty association assessment(s) credit 9. 10. Rural and/or urban high crime area job tax credits 10. 11. State housing tax credit 11. 12. Florida tax credit scholarship program credits 12. 13. Renewable energy tax credits 13. 14. New markets tax credit 14. 15. Entertainment industry tax credit 15. 16. Research and Development tax credit 16. 17. Energy Economic Zone tax credit 17. 18. s.168(k), IRC special bonus depreciation 18. 19. Other additions (attach schedule) 19. 20. Total Lines 1 through 19. Enter total on Line 20 and on Page 1, Line 3. 20. Schedule II — Subtractions from Federal Taxable Income 1. Gross foreign source income less attributable expenses (a) Enter s. 78, IRC, income $ _________________________ (b) plus s. 862, IRC, dividends 1. $ _________________________ (c) less direct and indirect expenses $ _________________________ Total u Total u 2. Gross subpart F income less attributable expenses (a) Enter s. 951, IRC, subpart F income $ _______________________ (b) less direct and indirect expenses $ _______________________ Note: Taxpayers doing business outside Florida enter zero on Lines 3 through 6, and complete Schedule IV. 3. Florida net operating loss carryover deduction (see instructions) 2. 3. 4. Florida net capital loss carryover deduction (see instructions) 4. 5. Florida excess charitable contribution carryover (see instructions) 5. 6. Florida employee benefit plan contribution carryover (see instructions) 6. 7. Nonbusiness income (from Schedule R, Line 3) 7. 8. Eligible net income of an international banking facility (see instructions) 8. 9. s.179, IRC, expense (see instructions) 9. 10. s. 168(k), IRC, special bonus depreciation (see instructions) 10. 11. Other subtractions (attach schedule) 11. 12. Total Lines 1 through 11. Enter total on Line 12 and on Page 1, Line 5. 12. F-1120 R. 01/19 Page 4 of 6 NAME FEIN TAXABLE YEAR ENDING Schedule III — Apportionment of Adjusted Federal Income III-A For use by taxpayers doing business outside Florida, except those providing insurance or transportation services. (a) (b) (c) (d) (e) WITHIN FLORIDA TOTAL EVERYWHERE Col. (a) ÷ Col. (b) Weight Weighted Factors (Numerator) (Denominator) Rounded to Six Decimal If any factor in Column (b) is zero, Rounded to Six Decimal Places see note on Page 9 of the instructions. Places 1. Property (Schedule III-B below) X 25% or ______ 2. Payroll X 25% or ______ 3. Sales (Schedule III-C below) X 50% or ______ 4. Apportionment fraction (Sum of Lines 1, 2, and 3, Column [e]). Enter here and on Schedule IV, Line 2. III-B For use in computing average value of property (use original cost). WITHIN FLORIDA a. Beginning of year b. End of year TOTAL EVERYWHERE c. Beginning of year d. End of year 1. Inventories of raw material, work in process, finished goods 2. Buildings and other depreciable assets 3. Land owned 4. Other tangible and intangible (financial org. only) assets (attach schedule) 5. Total (Lines 1 through 4) 6. Average value of property a. Add Line 5, Columns (a) and (b) and divide by 2 (for within Florida)........... 6a. b. Add Line 5, Columns (c) and (d) and divide by 2 (for total Everywhere).......................................................................................... 6b. 7. Rented property (8 times net annual rent) a. Rented property in Florida........................................................................... 7a. b. Rented property Everywhere .......................................................................................................................................................... 7b. 8. Total (Lines 6 and 7). Enter on Line 1, Schedule III-A, Columns (a) and (b). a. Enter Lines 6a. plus 7a. and also enter on Schedule III-A, Line 1, Column (a) for total average property in Florida.......................................... 8a. b. Enter Lines 6b. plus 7b. and also enter on Schedule III-A, Line 1, Column (b) for total average property Everywhere.......................................................................................................................... 8b. (a) (b)  III-C Sales Factor TOTAL WITHIN FLORIDA TOTAL EVERYWHERE (Numerator) (Denominator) N/A 1. Sales (gross receipts) N/A 2. Sales delivered or shipped to Florida purchasers 3. Other gross receipts (rents, royalties, interest, etc. when applicable) 4. TOTAL SALES (Enter on Schedule III-A, Line 3, Columns [a] and [b]) III-D Special Apportionment Fractions (see instructions) (a) WITHIN FLORIDA (b) TOTAL EVERYWHERE (c) FLORIDA Fraction ([a] ÷ [b]) Rounded to Six Decimal Places 1. Insurance companies (attach copy of Schedule T–Annual Report) 2. Transportation services Schedule IV — Computation of Florida Portion of Adjusted Federal Income 1. Apportionable adjusted federal income from Page 1, Line 6 1. 2. Florida apportionment fraction (Schedule III-A, Line 4) 2. 3. Tentative apportioned adjusted federal income (multiply Line 1 by Line 2) 3. 4. Net operating loss carryover apportioned to Florida (attach schedule; see instructions) 4. 5. Net capital loss carryover apportioned to Florida (attach schedule; see instructions) 5. 6. Excess charitable contribution carryover apportioned to Florida (attach schedule; see instructions) 6. 7. Employee benefit plan contribution carryover apportioned to Florida (attach schedule; see instructions) 7. 8. Total carryovers apportioned to Florida (add Lines 4 through 7) 8. 9. Adjusted federal income apportioned to Florida (Line 3 less Line 8; see instructions) 9. F-1120 R. 01/19 Page 5 of 6 NAME FEIN TAXABLE YEAR ENDING Schedule V — Credits Against the Corporate Income/Franchise Tax 1. Florida health maintenance organization credit (attach assessment notice) 1. 2. Capital investment tax credit (attach certification letter) 2. 3. Enterprise zone jobs credit (from Florida Form F-1156Z attached) 3. 4. Community contribution tax credit (attach certification letter) 4. 5. Enterprise zone property tax credit (from Florida Form F-1158Z attached) 5. 6. Rural job tax credit (attach certification letter) 6. 7. Urban high crime area job tax credit (attach certification letter) 7. 8. Hazardous waste facility tax credit 8. 9. Florida alternative minimum tax (AMT) credit 9. 10. Contaminated site rehabilitation tax credit (attach tax credit certificate) 10. 11. State housing tax credit (attach certification letter) 11. 12. Florida tax credit scholarship program credits (attach certificate) 12. 13. Florida renewable energy technologies investment tax credit 13. 14. Florida renewable energy production tax credit 14. 15. New markets tax credit 15. 16. Entertainment industry tax credit 16. 17. Research and Development tax credit 17. 18. Energy Economic Zone tax credit 18. 19. Other credits (attach schedule) 19. 20. Total credits against the tax (sum of Lines 1 through 19 not to exceed the amount on Page 1, Line 11). Enter total credits on Page 1, Line 12 20. Schedule R — Nonbusiness Income Line 1. Nonbusiness income (loss) allocated to Florida Type Amount _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ Total allocated to Florida.................................................................................. 1. ___________________________________ (Enter here and on Page 1, Line 8) Line 2. Nonbusiness income (loss) allocated elsewhere Type State/country allocated to Amount ____________________________ ____________________________________ ______________________________________ ____________________________ ____________________________________ ______________________________________ ____________________________ ____________________________________ ______________________________________ Total allocated elsewhere.................................................................. 2. ___________________________________ Line 3. Total nonbusiness income Grand total. Total of Lines 1 and 2.................................................... 3. ___________________________________ (Enter here and on Schedule II, Line 7) F-1120 R. 01/19 Page 6 of 6 NAME FEIN TAXABLE YEAR ENDING Estimated Tax Worksheet For Taxable Years Begining On or After January 1, 1. Florida income expected in taxable year .................................................................................................... 1. $ ________________ 2. Florida exemption $50,000 (Members of a controlled group, see instructions on Page 14 of Florida Form F-1120N)....................................................................................................................................... 2. $ ________________ 3. Estimated Florida net income (Line 1 less Line 2) ....................................................................................... 3. $ ________________ 4. Total Estimated Florida tax (5.5% of Line 3) .................................... $ _____________________________ Less: Credits against the tax ............................................................ $ _____________________________ 4. $ ________________ 5. Computation of installments: The payment for June 2013 is due on or before June 28, 2013. Payment due dates and If 6/30 year end, last day of 4th month, payment amounts: otherwise last day of 5th month - Enter 0.25 of Line 4................ 5a.______________________ Last day of 6th month - Enter 0.25 of Line 4 ................................ 5b.______________________ Last day of 9th month - Enter 0.25 of Line 4................................. 5c.______________________ Last day of taxable year - Enter 0.25 of Line 4............................ 5d.______________________ NOTE: If your estimated tax should change during the year, you may use the amended computation below to determine the amended amounts to be entered on the declaration (Florida Form F-1120ES). 1. Amended estimated tax ...................................................................................................................... 1. $ _______________ 2. Less: (a) Amount of overpayment from last year elected for credit to estimated tax and applied to date................................................................ 2a. - $______________ (b) Payments made on estimated tax declaration (Florida Form F-1120ES).... 2b. - $______________ (c) Total of Lines 2(a) and 2(b) ......................................................................................................... 2c. $ _______________ 3. Unpaid balance (Line 1 less Line 2(c)) ................................................................................................ 3. $ _______________ 4. Amount to be paid (Line 3 divided by number of remaining installments) ......................................... 4. $ _______________ References The following documents were mentioned in this form and are incorporated by reference in the rules indicated below. The forms are available online at floridarevenue.com/forms. Form F-2220 Underpayment of Estimated Tax on Florida Corporate Income/Franchise Tax Rule 12C-1.051, F.A.C. Form F-7004 Florida Tentative Income/Franchise Tax Return and Application for Extension of Time to File Return Rule 12C-1.051, F.A.C. Form F-1156Z Florida Enterprise Zone Jobs Credit Certificate of Eligibility for Corporate Income Tax Rule 12C-1.051, F.A.C. Form F-1158Z Enterprise Zone Property Tax Credit Rule 12C-1.051, F.A.C. Form F-1120N Instructions for Corporate Income/Franchise Tax Return Rule 12C-1.051, F.A.C. Form F-1120ES Declaration/Installment of Florida Estimated Rule 12C-1.051, F.A.C.
Extracted from PDF file 2018-florida-form-f-1120.pdf, last modified October 2018

More about the Florida Form F-1120 Corporate Income Tax TY 2018

We last updated the Florida Corporate Income/Franchise Tax Return in January 2019, so this is the latest version of Form F-1120, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form F-1120 directly from TaxFormFinder. You can print other Florida tax forms here.

Related Florida Corporate Income Tax Forms:

TaxFormFinder has an additional 40 Florida income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Florida Form F-1120.

Form Code Form Name
Form F-1120N Instructions for Preparing Form F-1120
Form F-1120X Amended Florida Corporate Income/Franchise Tax Return with Instructions R.01/16
Form F-1120ES Declaration/Installment of Florida Estimated Income/Franchise Tax R.01/15

Download all FL tax forms View all 41 Florida Income Tax Forms


Form Sources:

Florida usually releases forms for the current tax year between January and April. We last updated Florida Form F-1120 from the Department of Revenue in January 2019.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Florida Form F-1120

We have a total of eight past-year versions of Form F-1120 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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