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Florida Free Printable  for 2020 Florida Report to Determine Succession and Application for Transfer of Experience Rating Records R.12/15

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Report to Determine Succession and Application for Transfer of Experience Rating Records R.12/15
Form RTS-1S

RTS-1S R. 12/15 TC Report to Determine Succession and Application for Transfer of Experience Rating Records Rule 73B-10.037 Florida Administrative Code Effective 12/15 If you purchase or lease an existing business, in whole or in part, or if you change the nature of your business entity (e.g., from a partnership to a corporation, from a corporation to a proprietorship, etc.) you are required to complete this form. Listed below are factors used to determine if a succession occurred, for example: • The percentage of the existing business entity that was acquired by you. • Determination of succession is also based upon the amount of time that has elapsed since the previous owners ceased employing workers in Florida and the new owners began employing workers. • To be considered an “identifiable and separate” portion of a business, the portion must be a distinct entity that could operate independently from the remainder of the business. 1. Previous owner information: Legal name: __________________________________________________________________________________________________ Trade name (D/B/A): ___________________________________________________________________________________________ Address: _____________________________________________________________________________________________________ RT* Account No.: ____________________________ FEIN: ______________________ Telephone:____________________________ Was the business being operated at the time of acquisition? What is the principal product or service of the business? ___________________________________________________________ If the business was an employee leasing company, please attach a list of its client companies. Yes No If no, date closed: _________________________ 2. Current owner name: Legal name: __________________________________________________________________________________________________ Trade name (D/B/A): ___________________________________________________________________________________________ Address: _____________________________________________________________________________________________________ ______________________________________________________________________________________________________________ RT Account No.: ____________________________ FEIN: ______________________ Telephone:____________________________ What is the principal product or services of the business? __________________________________________________________ Was there any common ownership, management, or control between the two entities at the time the purchase/change occurred? Yes No 3. What is the nature of the acquisition or change of business entity? a) Purchase of business: c) Lease of business: d) Acquire by franchise: e) Change in type of business: From: Sole Proprietor Partnership Corporation LLC Sole Proprietor Partnership Corporation LLC f) Partnership reorganization: g) Corporate change: h) Legal or insolvency proceedings: entire or part b) Did the former owner operate more than one location in Florida? entire or Yes i) Death of: No part No If “Yes”, did you acquire from: To: franchisee or Merger or consolidation Reorganization Foreclosure Issuance of new corporate charter Bankruptcy Receivership: Ordered by the court Owner * Formerly Unemployment Tax franchiser (Admission or withdrawal of one or more partners) Yes Partner Yes No RTS-1S R. 12/15 Page 2 4. Date of acquisition __________/__________/__________. Did you acquire all of the business? Yes (Complete number 5(a) OR number 5(c) below, not both.) 5(a). Total Succession (You have acquired 100% of the business and the predecessor has ceased payroll in Florida.) In consideration of the transfer, the successor will be responsible for any indebtedness that is past due with respect to wages paid by the predecessor prior to the date of succession. Any reemployment assistance benefits paid to former employees of the predecessor will be charged to the successor employer and will be used in future tax rate calculations. The successor employer does hereby request a transfer of the employment records from the account of the predecessor employer. Upon receipt of a timely Form RTS-1S, the Department will compute your rate and notify you by mail. You will then have 20 days to withdraw the application if you do not want the rate. Successor signature:____________________________________________________________ Date:__________________ Print name:__________________________________________ Title:_____________________________________________ 5(b). SELECT ONLY ONE No (Complete number 5(b) OR number 5(c) below, not both.) Partial Succession (You have acquired less than 100% of a business and the portion you acquired is an identifiable and separate portion of the business you acquired.) This portion of the form must be accompanied by the List of Employees to be Transferred (RTS-1SA, formerly UCS-1SA) if you are transferring up to ten employees. If you are transferring more than ten employees, you must send a list of employees to the Department electronically. For information on how to access the online system, please call 850-488-6800. The successor employer is liable for benefit charges paid to transferred employees for any claim based on wages paid by the predecessor up to the date of succession. The successor employer does hereby request a transfer of the employment records from the predecessor employer. Upon receipt of a timely Form RTS-1S and Form RTS-1SA, the Department will compute your rate and notify you by mail. You will then have 20 days to withdraw the application if you do not want the rate. Successor signature:____________________________________________________________ Date:__________________ Print name:__________________________________________ Title:_____________________________________________ To be completed by the predecessor employer: You must provide the date the employing unit being transferred first employed workers. This is not the acquisition date, but is the date the unit was first reported by the predecessor(s): Date_______________ The predecessor employer hereby agrees to furnish such employment records pertaining to employment in that portion of the business acquired by the successor employer and certifies that the form attached to the application represents only employment in the portion of the business during the periods covered by the forms. I understand that my future tax rate may be affected. Predecessor signature:___________________________________________________________ Date:__________________ Print name:__________________________________________ Title:_____________________________________________ 5(c). Rejection of Transfer The successor employer does hereby refuse a transfer of the employment records from the account of the predecessor employer. Successor signature:____________________________________________________________ Date:__________________ Print name:__________________________________________ Title:_____________________________________________ Mail completed form to: Account Management Florida Department of Revenue PO Box 6510 Tallahassee FL 32314-6510 850-488-6800 www.floridarevenue.com
Extracted from PDF file 2019-florida-form-rts-1s.pdf, last modified July 2017

More about the Florida Form RTS-1S Corporate Income Tax TY 2019

We last updated the Report to Determine Succession and Application for Transfer of Experience Rating Records R.12/15 in March 2020, so this is the latest version of Form RTS-1S, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form RTS-1S 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 RTS-1S.

Form Code Form Name
Form RTS-1SA List of Employees to be Transferred R.12/15

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 RTS-1S from the Department of Revenue in March 2020.

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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 RTS-1S

We have a total of five past-year versions of Form RTS-1S 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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