Need to File Back State of Florida Tax Returns – Affordable Experienced Florida Tax Firm – “A” Plus BBB Rating 1-866-700-1040
Fresh Start Tax LLC A Professional Tax Firm in practice in the State of Florida since 1982.
We have 206 years of professional tax experience in over 60 years of working directly for the Internal Revenue Service. We are comprised of tax attorneys, CPAs, and former IRS agents. We were A+ rated by the Better Business Bureau. Call us for a free tax consultation today
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Who Must File Tax Returns in the State of Florida???
Corporations and artificial entities that conduct business, or earn or receive income in Florida, including out-of-state corporations, must file a Florida corporate income tax return unless exempt. They must file a return, even if no tax is due.
Sole proprietorships, individuals, estates of decedents, and testamentary trusts are exempted and do not have to file a return.
Corporations and other artificial entities, including those located in other states, that are partners in a partnership or members of a joint venture doing business in Florida must file the Corporate Income/Franchise and Emergency Excise Tax Return (Florida Form F-1120). A partnership must file a Florida Partnership Information Return (Form F-1065) if it is doing business in Florida and a corporation is one of the partners.
List of Business Types :
A limited liability company (LLC), classified as a corporation for Florida and federal income tax purposes, is subject to the Florida Income Tax Code and must file a Florida corporate income tax return.
An LLC, classified as a partnership for Florida and federal income tax purposes, must file Form F-1065 if one or more of its owners is a corporation.
In addition, the corporate owner of an LLC that is classified as a partnership for Florida and federal income tax purposes must file a Florida corporate income tax return.
A single member LLC, disregarded for Florida and federal income tax purposes, does not have to file a separate Florida corporate income tax return.
However, the income of the company is not exempt from tax if a corporation owns the company, whether directly or indirectly. In this case, the corporation must file Form F-1120 reporting its own income, and the income of the single member LLC.
S Corporations and tax-exempt organizations usually do not have to file a Florida corporate income tax return if they do not have federal taxable income.
If they have federal taxable income, however, they must then file a Florida corporate income tax return and pay any tax due.
Homeowner and condominium associations that file a U.S. Corporation Income Tax Return (federal Form 1120) must file Florida Form F-1120 or F1120A regardless of whether any tax may be due.
However, if they file a U.S. Income Tax Return for Homeowners Associations (federal Form 1120-H), they do not have to file a Florida return.
If you have any questions, call us for a free tax consultation.
Need to File Back State of Florida Tax Returns – Experienced Florida Tax Firm – “A” Plus BBB Rating
