Florida Quarterly Concurrent Employment Report R.01/15
Extracted from PDF file 2019-florida-form-rts-71.pdf, last modified July 2017
Quarterly Concurrent Employment Report R.01/15RTS-71 R. 01/15 Quarterly Concurrent Employment Report TC Rule 73B-10.037 Florida Administrative Code Effective Date 11/14 Reporting as a common paymaster limits the amount of wages subject to reemployment tax (formerly unemployment tax) to the first $7,000 of the combined wages for concurrent employees. This may actually increase the total number of quarterly reports to be filed. Quarterly reports still need to be filed for each corporation/limited liability company (LLC) to report any non-concurrent employees. You must complete and submit this form to the Department by the due date of the Employer’s Quarterly Report (RT-6, formerly UCT-6). If you do not send this form on time you will lose common paymaster status, and each corporation/LLC will be required to file a Change to Employer’s Quarterly Report (RT-8A, formerly UCT-8A) within ten days. Tax is due on the taxable wages per employee, not previously reported by each corporation/LLC. If you fail to file the RT-8A and pay the additional tax on time, we will assess tax, penalty, and interest and your future tax rate will increase. Each corporation/LLC must reimburse the common paymaster for wages and payroll taxes paid on its behalf. It must also record and expense wages, and payroll tax expenses, on its own financial statements for federal income tax purposes. If a related company/LLC has not been assigned a reemployment tax account number, you must register. To register online go to www.floridarevenue.com. RT Account Number Common Paymaster: For Quarter/Year Ending: RT Account Number / / *Total Quarterly Wages Earned for Concurrent Employees (cannot be zero) Name of Related Corporations/LLCs Gross Taxable (Attach additional sheets, if necessary.) *Concurrent wages for the quarter represent wages for services performed for that corporation/LLC and will be expensed as wages for federal income tax purposes. They will also be recorded as payable to the common paymaster. Being authorized to execute this report on behalf of the corporations/LLCs named, I confirm that the information provided is true and correct. Name of common paymaster:_________________________________________________________________________________________________________________________ Authorized signature: ________________________________________________________________________________________________________________________________ Print name:________________________________________________________________ Fax this form to: 850-488-5997 Phone ( __________ )____________________________________________________ Florida Department of Revenue PO Box 6510 Tallahassee FL 32314-6510 www.floridarevenue.com For assistance call: 850-488-6800
More about the Florida Form RTS-71 Corporate Income Tax TY 2019
We last updated the Quarterly Concurrent Employment Report R.01/15 in March 2020, so this is the latest version of Form RTS-71, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form RTS-71 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-1120||Florida Corporate Income/Franchise Tax Return|
|Form RTS-6061||Independent Contractor Analysis R.01/13|
|Form RT-6N||Employer's Quarterly Report Instructions for the RT-6 and RT-6A R.12/15|
|Form F-1120N||Instructions for Preparing Form F-1120|
Florida usually releases forms for the current tax year between January and April. We last updated Florida Form RTS-71 from the Department of Revenue in March 2020.
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-71
We have a total of five past-year versions of Form RTS-71 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.