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Florida Department of Revenue Form Instructions

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

Name
Address
City/State/ZIP
US Dollars Cents
Federal Employer Identification Number (FEIN)
For calendar year 2015 or tax year beginning _, 2015 ending Year end date _

  1. Federal taxable income (see instructions). Attach pages 1-6 of federal return
  2. State income taxes deducted in computing federal taxable income (attach schedule)
  3. Additions to federal taxable income (from Schedule I)
  4. Total of Lines 1, 2, and 3.
  5. Subtractions from federal taxable income (from Schedule II)
  6. Adjusted federal income (Line 4 minus Line 5)
  7. Florida portion of adjusted federal income (see instructions)
  8. Nonbusiness income allocated to Florida (from Schedule R)
  9. Florida exemption
  10. Florida net income (Line 7 plus Line 8 minus Line 9)
  11. Tax due: 5.5% of Line 10

Payment Coupon for Florida Corporate Income Tax Return Do not detach coupon.
Total amount due from Line 17
Total credit from Line 18
Total refund from Line 19

YEAR ENDING US DOLLARS CENTS

If 6/30 year end, return is due 1st day of the 4th month after the close of the taxable year, otherwise return is due 1st day of the 5th month after the close of the taxable year.
Computation of Florida Net Income Tax
7.
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Check here if negative
Check here if negative
Check here if negative
Check here if negative
Check here if negative
Check here if negative
Check here if negative
Check here if negative
Use black ink. Example A - Handwritten Example B - Typed 0 1 2 3 4 5 6 7 8 9 0123456789 Check here if any changes have been made to name or address

YD YDMM

/ /
DOR use only
FEIN
Enter FEIN if not pre-addressed
Enter name and address, if not pre-addressed:
Name
Address
City/St
ZIP
1.
2.
3.
4.
5.
6.
Florida Corporate Income/Franchise Tax Return F-1120
Rule 12C-1.051, F.A.C.
Effective 01/26
R. 01/26To ensure proper credit to your account, enclose your check with tax return when mailing. , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . . . . . . . . . . . . . , , , , , , . . .
9100 0 20259999 0002005037 6 3999999999 0000 2

  1. a) Penalty: F-2220 _ b) Other c) Interest: F-2220 d) Other _ Line 14 Total u 14.
  2. Total of Lines 13 and 14 15.
    1. Payment credits: Estimated tax payments 16a $ Tentative tax payment 16b $ 16.
  3. Total amount due: Subtract Line 16 from Line 15. If positive, enter amount due here. If the amount is negative (overpayment), enter on Line 18 and/or Line 19 17.
  4. Credit: Enter amount of overpayment credited to next year's estimated tax here 18.
  5. Refund: Enter amount of overpayment to be refunded here 19.

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: _
I. Taxpayer is a member of a Florida partnership or joint venture? YES q NO q
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: _
L. Type of federal return filed q 1120 q 1120S or __
A. State of incorporation: __
B. Florida Secretary of State document number: __
C. Florida consolidated return? YES q NO q
D. q Initial return q Final return (final federal return filed)
E. Principal Business Activity Code (as pertains to Florida)

F . A Florida extension of time was timely filed? YES q NO q G-1. Corporation is a member of a controlled group? YES q NO q If yes, attach list.
All Taxpayers Must Answer Questions A Through L Below — See Instructions
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.
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).
If Filing Paper 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
If you are requesting a refund (Line 19), send your return to:
Florida Department of Revenue
PO Box 6440
Tallahassee FL 32314-6440
Remember: ü Make your check payable to the Florida 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.
Sign here
Date
Preparer's signature
Firm's name (or yours if self-employed) and address Preparer's

PTIN FEIN ZIP

Preparer check if selfemployed
Signature of officer
Paid preparers only
Title
Date , , , , , , , , , , , , . . . . . .

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

  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 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.

  1. Florida net operating loss carryover deduction (see instructions) 3.
  2. Florida net capital loss carryover deduction (see instructions) 4.
  3. Florida excess charitable contribution carryover (see instructions) 5.
  4. Florida employee benefit plan contribution carryover (see instructions) 6.
  5. Nonbusiness income (from Schedule R, Line 3) 7.
  6. Eligible net income of an international banking facility (see instructions) 8.
  7. s. 168(k), IRC, special bonus depreciation (see instructions) 9.
  8. Depreciation of qualified improvement property (see instructions) 10.
  9. Film, television, and live theatrical production expenses (see instructions) 11.
  10. Other subtractions (attach schedule) 12.
  11. Total Lines 1 through 12. Enter total on this line and on Page 1, Line 5. 13.

Total u

III-B For use in computing average value of property (use original cost).

  1. Inventories of raw material, work in process, finished goods
  2. Buildings and other depreciable assets
  3. Land owned
  4. Other tangible and intangible (financial org. only) assets (attach schedule)
  5. Total (Lines 1 through 4) (a) (b) III-C Sales Factor TOTAL WITHIN FLORIDA TOTAL EVERYWHERE (Numerator) (Denominator)
  6. Sales (gross receipts)
  7. Sales delivered or shipped to Florida purchasers
  8. Other gross receipts (rents, royalties, interest, etc. when applicable)
  9. TOTAL SALES (Enter on Schedule III-A, Line 3, Columns [a] and [b]) III-D Special Apportionment Fractions (see instructions) (a) WITHIN FLORIDA (b) TOTAL EVERYWHERE (c) FLORIDA Fraction ([a] ÷ [b])
  10. Insurance companies (attach copy of Schedule T-Annual Report)
  11. Transportation services

Schedule III — Apportionment of Adjusted Federal Income

WITHIN FLORIDA TOTAL EVERYWHERE a. Beginning of year b. End of year c. Beginning of year d. End of year
III-A For use by taxpayers doing business outside Florida, except those providing insurance or transportation services.
(a) (b) (c) (d) (e)
WITHIN FLORIDA TOTAL EVERYWHERE Col. (a) ÷ Col. (b) Weight Weighted Factors (Numerator) (Denominator) Rounded to Six Decimal If any factor in Column (b) is zero, Rounded to Six Decimal Places see note on Page 9 of the instructions. Places

  1. Property (Schedule III-B below) X 25% or __
  2. Payroll X 25% or __
  3. Sales (Schedule III-C below) X 50% or __
  4. Apportionment fraction (Sum of Lines 1, 2, and 3, Column [e]). Enter here and on Schedule IV, Line 2.

Rounded to Six Decimal Places
N/A
N/A

  1. Average value of property a. Add Line 5, Columns (a) and (b) and divide by 2 (for within Florida) 6a. b. Add Line 5, Columns (c) and (d) and divide by 2 (for total Everywhere) 6b.
  2. Rented property (8 times net annual rent) a. Rented property in Florida 7a. b. Rented property Everywhere 7b.
  3. 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.

Schedule IV — Computation of Florida Portion of Adjusted Federal Income

  1. Apportionable adjusted federal income from Page 1, Line 6 1.
  2. Florida apportionment fraction (Schedule III-A, Line 4) 2.
  3. Tentative apportioned adjusted federal income (multiply Line 1 by Line 2) 3.
  4. Net operating loss carryover apportioned to Florida (attach schedule; see instructions) 4.
  5. Net capital loss carryover apportioned to Florida (attach schedule; see instructions) 5.
  6. Excess charitable contribution carryover apportioned to Florida (attach schedule; see instructions) 6.
  7. Employee benefit plan contribution carryover apportioned to Florida (attach schedule; see instructions) 7.
  8. Total carryovers apportioned to Florida (add Lines 4 through 7) 8.
  9. Adjusted federal income apportioned to Florida (Line 3 less Line 8; see instructions) 9.

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 Amount

Total allocated to Florida 1. __
(Enter here and on Page 1, Line 8)
Line 2. Nonbusiness income (loss) allocated elsewhere
Type State/country allocated to Amount

Total allocated elsewhere 2. __
Line 3. Total nonbusiness income
Grand total. Total of Lines 1 and 2 3. __ (Enter here and on Schedule II, Line 7)

Schedule R — Nonbusiness Income

  1. Florida income expected in taxable year 1. $ __
  2. Florida exemption $50,000 (Members of a controlled group, see instructions on Page 15 of Florida Form F-1120N) 2. $ __
  3. Estimated Florida net income (Line 1 less Line 2) 3. $ __
  4. Total Estimated Florida tax (5.5% of Line 3) $ _ Less: Credits against the tax $ 4. $ _
  5. 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, payment amounts: otherwise last day of 5th month - Enter 0.25 of Line 4 5a. _ 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).

  1. Amended estimated tax 1. $ __
  2. 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. $ _
  3. Unpaid balance (Line 1 less Line 2(c)) 3. $ __
  4. Amount to be paid (Line 3 divided by number of remaining installments) 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 Rule 12C-1.051, F.A.C.
Corporate Income/Franchise Tax
Form F-7004 Florida Tentative Income/Franchise Tax Return Rule 12C-1.051, F.A.C. and Application for Extension of Time to File Return Form F-1158Z Enterprise Zone Property Tax Credit Rule 12C-1.051, F.A.C.
Form F-1120N Instructions for Corporate Income/Franchise Tax Return Rule 12C-1.051, F.A.C.
Form F-1120ES Declaration/Installment of Florida Estimated Rule 12C-1.051, F.A.C.
Income/Franchise Tax
Estimated Tax Worksheet For Taxable Years Beginning On or After January 1, 2026

NAME FEIN TAXABLE YEAR ENDING

Source: official text