Florida Application For Common Paymaster R.04/14
Extracted from PDF file 2016-florida-form-rts-70.pdf, last modified December 2016
Application For Common Paymaster R.04/14Application For Common Paymaster RTS-70 R. 04/14 Page 1 TC Rule 73B-10.037 Florida Administrative Code Effective Date 11/14 A common paymaster is any member of a group of related corporations/limited liability companies (LLCs) treated as corporations for federal income tax purposes that disburses wages to concurrent employees on behalf of the group. To qualify as a group for reporting under a common paymaster: • All entities must be corporations/LLCs. • All corporations/LLCs must be employers. • All corporations/LLCs must be related. • There must be concurrent employment between the proposed common paymaster and all the related corporations/ LLCs. Note: An agreement between corporations/LLCs, where one corporation/LLC agrees to consolidate the payroll of the group for reemployment tax (formerly unemployment tax) purposes, does not qualify the group for common paymaster. That is considered payrolling and is not allowed in Florida. Concurrent employment is defined as “the existence of simultaneous employment relationships between an individual and related corporations” under section 443.1216(1)(d)2, Florida Statutes, and is subject to verification. Attach a copy of the Employer’s Quarterly Report (RT-6, formerly UCT-6), most recently filed, for each company/LLC, showing wages for all concurrent employees. If concurrent employment recently began, and wages were not included on a prior report, you must also complete and attach an Affidavit of Concurrent Employment (RTS-72, formerly UCS-72). This form can be downloaded at www.floridarevenue.com/Pages/forms_index.aspx. Enter information for the corporation/LLC wishing to become the common paymaster for the group: Legal name: _________________________________________________________________________________________________________ Mailing address:______________________________________________________________________________________________________ Payroll records maintained at:__________________________________________________________________________________________ Telephone Number – – FEIN – Reemployment Tax Account Number – Corporations/LLCs shall be considered related for an entire quarter if they satisfy any one of the following four tests at any time during the quarter. Additional information may be required to support your selection. Please check one of the following: q The corporations/LLCs are members of a “controlled group of corporations” as defined in s.1563 of the Internal Revenue code of 1986, or would be members if paragraphs 1563(a)(4) and subsection 1563(b) did not apply. q Fifty percent or more of the officers of one corporation/LLC are also officers of the other corporation(s)/LLC(s). q If a corporation/LLC does not issue stock and; • 50 percent or more of the members of the board of directors or other governing body of one corporation/LLC are members of the board of directors or other governing body of the other corporation(s)/LLC(s), or; • the holders of 50 percent or more of the voting power to select such members are also the holders of at least 50 percent of that power, with respect to the other corporation(s)/LLC(s). q Thirty percent or more of the employees of one corporation/LLC are concurrent employees of the other corporation/LLC. (continued) www.floridarevenue.com RTS-70 R. 04/14 Page 2 Complete the following for related corporations/LLCs. If the related corporation/LLC has not been assigned a reemployment tax account number, you must register each corporation/LLC not registered. To register online go to www.floridarevenue.com. Reemployment Tax Account Number Legal name of corporation or LLC: – – – – Note: • The common paymaster status must be approved by the Department before you can begin reporting as a common paymaster. • Once approved, the effective date of the common paymaster status begins the first day of the quarter, following the date of the Department’s approval letter. • Common paymaster status cannot be made effective retroactively. • Common paymaster status cannot be approved retroactively. • All members of the group will be responsible for filing their own Employer’s Quarterly Report (RT-6, formerly UCT-6) for the quarter prior to the effective date. • Reporting as a common paymaster limits the amount of wages subject to reemployment tax to the current year taxable wage base of the combined wages for concurrent employees. Quarterly reports still need to be filed for each corporation/LLC to report any non-concurrent employees. • Each corporation/LLC must reimburse the common paymaster for the wages and payroll taxes paid on the corporation/LLC’s behalf. Each corporation/LLC must also record and expense the wages and payroll tax expenses on its own financial statements for federal income tax purposes. Being authorized to execute this application on behalf of the corporations/LLCs named, I confirm that the information provided is true and correct. Signature:_________________________________________________________ Print name:____________________________________________________ Date:______________________________________________________________ Official position:________________________________________________ Return address: Florida Department of Revenue P.O. Box 6510 Tallahassee FL 32314-6510 www.floridarevenue.com For assistance call: 800-352-3671
More about the Florida Form RTS-70 Corporate Income Tax TY 2016
We last updated the Application For Common Paymaster R.04/14 in May 2017, so this is the latest version of Form RTS-70, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form RTS-70 directly from TaxFormFinder. You can print other Florida tax forms here.
Other Florida Corporate Income Tax Forms:
|Form Code||Form Name|
|Form RT-6||Employer's Quarterly Report with Payment Coupon|
|Form F-1120N||Instructions for Preparing Form F-1120|
|Form F-1120||Florida Corporate Income/Franchise Tax Return|
|Form RT-6N||Employer's Quarterly Report Instructions for the RT-6 and RT-6A R.12/15|
|Form RTS-1S||Report to Determine Succession and Application for Transfer of Experience Rating Records R.12/15|
Florida usually releases forms for the current tax year between January and April. We last updated Florida Form RTS-70 from the Department of Revenue in May 2017.
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-70
We have a total of two past-year versions of Form RTS-70 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Florida Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.