Form F-1120 — Florida Corporate Income/Franchise Tax Return

# Florida Corporate Income/Franchise Tax Return

Rule 12C-1.051, F.A.C.
Effective 01/26
Name
Address
City/State/ZIP
Check here if any changes have been made to
Use black ink. Example A - Handwritten Example B - Typed For calendar year 2015 or tax year name or address 0 1 2 3 4 5 6 7 8 9 beginning _, 2015 ending _
Year end date _ __
DOR use
Federal Employer Identification Number (FEIN)
Computation of Florida Net Income Tax only
/ /
US Dollars

Federal taxable income (see instructions).

Check here
1.
Attach pages 1-6 of federal return … if negative

State income taxes deducted in computing federal taxable income Check here 2. (attach schedule) … if negative

Check here
3.

Additions to federal taxable income (from Schedule I) … if negative Check here 4.
Total of Lines 1, 2, and 3 … if negative

Check here
5.

Subtractions from federal taxable income (from Schedule II) … if negative Check here 6.
Adjusted federal income (Line 4 minus Line 5) … if negative Check here
Florida portion of adjusted federal income (see instructions) … if negative Check here
Nonbusiness income allocated to Florida (from Schedule R) … if negative
Florida exemption …
Florida net income (Line 7 plus Line 8 minus Line 9) …
Tax due: 5.5% of Line 10 …

, , , , , , , , , , , , Cents . , . , . , . , . , . , . , . , . , . , . , . , . ,

# Payment Coupon for Florida Corporate Income Tax Return

To ensure proper credit to your account, enclose your check with tax return when mailing.

# If 6/30 year end, return is due 1st day of the 4th month after the close of the taxable year,

YEAR
Y
M M D D Y otherwise return is due 1st day of the 5th month after the close of the taxable year.
ENDING
US DOLLARS CENTS
Total amount due from Line 17
Enter name and address, if not pre-addressed:
Total credit from Line 18
Name
Total refund
Address from Line 19
City/St , , , . , . , . ,
Enter FEIN if not pre-addressed
ZIP
9100 0 20259999 0002005037 6 3999999999 0000 2

a) Penalty: F-2220_ _ b) Other , , . c) Interest: F-2220 d) Other_ Line 14 Total u 14. , , .
Total of Lines 13 and 14 … 15.
1. Payment credits: Estimated tax payments 16a $ Tentative tax payment 16b $
Total amount due: Subtract Line 16 from Line 15. If positive, enter amount due here. If the amount is negative (overpayment), , , . … 16. , , . enter on Line 18 and/or Line 19 … 17.
Credit: Enter amount of overpayment credited to next year's estimated tax , , . here … 18. , , .
Refund: Enter amount of overpayment to be refunded here … 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
Signature of officer Date
Preparer's
Paid signature
Date preparers only
Firm's name (or yours if self-employed) and address Title Preparer's Preparer PTIN check if selfemployed
ZIP
All Taxpayers Must Answer Questions A Through L Below — See Instructions
A. State of incorporation:__
B. Florida Secretary of State document number:__ YES q NO q
C. Florida consolidated return? q Initial return q Final return (final federal return filed) D.
E. Principal Business Activity Code (as pertains to Florida) A Florida extension of time was timely filed? YES q NO q F.
G-1. Corporation is a member of a controlled group? YES q NO q If yes, attach list.

# Save Time and Paperwork with Electronic Filing

You can file and pay your Florida corporate income tax return (Florida Form F-1120) electronically through the Internal Revenue Service's (IRS) Modernized e-File (MeF) Program using electronic transmitters approved by the IRS and the Florida Department of Revenue. The Department also has an online application for corporate income tax payments and filing Florida forms F-1120ES (Declaration/Installment of Florida Estimated Income/Franchise Tax) and F-7004 (Florida
Tentative Income/Franchise Tax Return and Application for
Extension of Time to File Return).

# 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
G-2. Part of a federal consolidated return? YES q NO q If yes, provide:
FEIN from federal consolidated return: __
Name of corporation: __
G-3. The federal common parent has sales, property, or payroll in Florida? YES q NO q
H. Location of corporate books:_ __
City: _ State: ZIP: _
Taxpayer is a member of a Florida partnership or joint venture? YES q NO q I.
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: Type of federal return filed q 1120 q 1120S or __ L.
If you are requesting a refund (Line 19), send your return to:
Florida Department of Revenue
PO Box 6440
Tallahassee FL 32314-6440

# Remember:

Make your check payable to the Florida ü
Department of Revenue. ü Write your FEIN on your check. ü Sign your check and return. ü Attach a copy of your federal return. ü Attach a copy of your Florida Form F-7004

# (extension of time) if applicable.

# Schedule I — Additions and/or Adjustments to Federal Taxable Income

Text version of this table

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. Ad valorem taxes allowable as an enterprise zone property tax credit (Florida Form F-1158Z)	7.
8. Guaranty association assessment(s) credit	8.
9. Rural and/or urban high-crime area job tax credits	9.
10. State housing tax credit	10.
11. Florida tax credit scholarship program credit (credit for contributions to nonprofit scholarship-funding organizations)	11.
12. New worlds reading initiative credit	12.
13. Strong families tax credit (credit for contributions to eligible charitable organizations)	13.
14. Live Local program credit	14.
15. New markets tax credit	15.
16. Research and development tax credit	16.
17. Experiential learning tax credit program	17.
18. Credit for qualified railroad reconstruction or replacement expenditures	18.
19. Residential graywater system tax credit	19.
20. Credit for manufacturing of human breast milk derived human milk fortifiers	20.
21. s.168(k), IRC, special bonus depreciation	21.
22. Depreciation of qualified improvement property (see instructions)	22.
23. Expenses for business meals provided by a restaurant (see instructions)	23.
24. Film, television, and live theatrical production expenses (see instructions)	24.
25. Other additions (attach schedule)	25.
26. Total Lines 1 through 25. Enter total on this line and on Page 1, Line 3.	26.

# Schedule II — Subtractions from Federal Taxable Income

Text version of this table

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 $ _________________________ (c) plus s. 951A, IRC, income $ _________________________ (d) less direct and indirect expenses Total u and related amounts deducted under s. 250, IRC $ _________________________	1.
2. Gross subpart F income less attributable expenses (a) Enter s. 951, IRC, subpart F income $ _______________________ (b) less direct and indirect expenses $ Total _______________________	2.
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)	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. 168(k), IRC, special bonus depreciation (see instructions)	9.
10. Depreciation of qualified improvement property (see instructions)	10.
11. Film, television, and live theatrical production expenses (see instructions)	11.
12. Other subtractions (attach schedule)	12.
13. Total Lines 1 through 12. Enter total on this line and on Page 1, Line 5.	13.

3.
4.
5.
6.
7.
8.
9.

NAME

# Schedule III — Apportionment of Adjusted Federal Income

TAXABLE YEAR ENDING
III-A For use by taxpayers doing business outside Florida, except those providing insurance or transportation services.
(a) (b) (c)
WITHIN FLORIDA TOTAL EVERYWHERE Col. (a) ÷ Col. (b)
(d) (e)
Weight Weighted Factors
Rounded to Six Decimal
(Numerator) (Denominator)
Places

Property (Schedule III-B below)
Payroll
Sales (Schedule III-C below)
Apportionment fraction (Sum of Lines 1, 2, and 3, Column [e]). Enter here and on Schedule IV, Line 2.

If any factor in Column (b) is zero, Rounded to Six Decimal see note on Page 9 of the instructions. Places X 25% or _ X 25% or X 50% or _ WITHIN FLORIDA III-B For use in computing average value of property (use original cost). a. Beginning of year

Inventories of raw material, work in process, finished goods
Buildings and other depreciable assets
Land owned
Other tangible and intangible (financial org. only) assets (attach schedule)
Total (Lines 1 through 4)
Average value of property a. Add Line 5, Columns (a) and (b) and divide by 2 (for within Florida) … 6a.

TOTAL EVERYWHERE b. End of year c. Beginning of year d. End of year b. Add Line 5, Columns (c) and (d) and divide by 2 (for total Everywhere) … 6b.

Rented property (8 times net annual rent) a. Rented property in Florida … 7a. b. Rented property Everywhere … 7b.
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.

III-C Sales Factor

Sales (gross receipts)
Sales delivered or shipped to Florida purchasers
Other gross receipts (rents, royalties, interest, etc. when applicable)
TOTAL SALES (Enter on Schedule III-A, Line 3, Columns [a] and [b])

(a) (b)
TOTAL WITHIN FLORIDA TOTAL EVERYWHERE
(Numerator) (Denominator)
N/A
N/A
(c) FLORIDA Fraction ([a] ÷ [b])
(a) WITHIN FLORIDA
III-D Special Apportionment Fractions (see instructions)

Insurance companies (attach copy of Schedule T-Annual Report)
Transportation services

(b) TOTAL EVERYWHERE
Rounded to Six Decimal Places

# Schedule IV — Computation of Florida Portion of Adjusted Federal Income

# Schedule V — Credits Against the Corporate Income/Franchise Tax

Text version of this table

Schedule V — Credits Against the Corporate Income/Franchise Tax
1. Florida health maintenance organization consumer assistance assessment credit (attach assessment notice)	1.
2. Capital investment tax credit (attach certification letter)	2.
3. Community contribution tax credit (attach certification letter)	3.
4. Enterprise zone property tax credit (from Florida Form F-1158Z attached)	4.
5. Rural job tax credit (attach certification letter)	5.
6. Urban high-crime area job tax credit (attach certification letter)	6.
7. Hazardous waste facility tax credit	7.
8. Florida alternative minimum tax (AMT) credit	8.
9. Contaminated site rehabilitation tax credit (voluntary cleanup tax credit) (attach tax credit certificate)	9.
10. Child care tax credits	10.
11. State housing tax credit (attach certification letter)	11.
12. Florida tax credit scholarship program credit (credit for contributions to nonprofit scholarship-funding organizations) (attach certificate)	12.
13. New worlds reading initiative credit (attach certificate)	13.
14. Strong families tax credit (credit for contributions to eligible charitable organizations) (attach certificate)	14.
15. Live local program credit (attach certificate)	15.
16. Rural Community Investment Program (attach final order)	16.
17. New markets tax credit	17.
18. Research and development tax credit	18.
19. Experiential learning tax credit	19.
20. Credit for qualified railroad reconstruction or replacement expenditures	20.
21. Residential graywater system tax credit	21.
22. Credit for manufacturing of human breast milk derived human milk fortifiers	22.
23. Individuals with unique abilities tax credit program	23.
24. Other credits (attach schedule)	24.
25. Total credits against the tax (sum of Lines 1 through 24 not to exceed the amount on Page 1, Line 11). Enter total credits on Page 1, Line 12	25.

# Line 1. Nonbusiness income (loss) allocated to Florida

Type

14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
Amount

Total allocated to Florida …
(Enter here and on Page 1, Line 8)

# Line 2. Nonbusiness income (loss) allocated elsewhere

Type State/country allocated to

_ __

Amount

Total allocated elsewhere …

# Line 3. Total nonbusiness income

_ __

Grand total. Total of Lines 1 and 2 …
(Enter here and on Schedule II, Line 7)

_ __

# Estimated Tax Worksheet For Taxable Years Beginning On or After January 1, 2026

Florida income expected in taxable year …
1.

Florida exemption $50,000 (Members of a controlled group, see instructions on Page 15 of
$ _ _ Florida Form F-1120N) … 2. $ _ _

Estimated Florida net income (Line 1 less Line 2) …

3. $ _ __

Total Estimated Florida tax (5.5% of Line 3) … $ _ __ 4.
Less: Credits against the tax … $ _ __

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,

$ _ _ otherwise last day of 5th month - Enter 0.25 of Line 4 … 5a. __ payment amounts:

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).
Amended estimated tax … 1. $ __
1.

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. $ __
Unpaid balance (Line 1 less Line 2(c)) … 3. $ __ 3.
Amount to be paid (Line 3 divided by number of remaining installments) … 4. $ __ 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 Form F-7004 Florida Tentative Income/Franchise Tax Return and Application for Extension of Time to File Return Form F-1158Z Enterprise Zone Property Tax Credit Form F-1120N Instructions for Corporate Income/Franchise Tax Return Form F-1120ES Declaration/Installment of Florida Estimated Income/Franchise Tax
Rule 12C-1.051, F.A.C.
Rule 12C-1.051, F.A.C.
Rule 12C-1.051, F.A.C.
Rule 12C-1.051, F.A.C.
Rule 12C-1.051, F.A.C.