➢

Fill in Your Florida F 1120 Form

The Florida F 1120 form is the official document used by corporations to report their income and calculate their franchise tax obligations in the state of Florida. This form is crucial for businesses operating within the state, as it details the computation of Florida net income tax and includes various schedules for adjustments and credits. Ensuring accurate completion of the F 1120 is essential for compliance with state tax regulations.

Ready to fill out your Florida F 1120 form? Click the button below to get started!

Modify Florida F 1120 Now

Article Map

The Florida F 1120 form is a crucial document for corporations operating in the Sunshine State, as it serves as the Corporate Income/Franchise Tax Return. This form is essential for accurately reporting a corporation's income and calculating the corresponding tax obligations. Each year, businesses must disclose their federal taxable income, along with any necessary additions and subtractions, to determine their Florida net income. The form includes specific sections for detailing state income taxes deducted, nonbusiness income allocated to Florida, and various credits that can reduce the overall tax liability. Additionally, it requires the attachment of the federal return and may necessitate supplementary schedules to provide a complete financial picture. Notably, the form also asks for information about the corporation's operations, such as the state of incorporation and whether it is part of a controlled group. Completing the F 1120 accurately is vital; an incomplete return could lead to penalties and delays in processing. With its multifaceted requirements, the F 1120 is not just a tax form but a comprehensive reflection of a corporation's financial activities within Florida.

⇓ Florida F 1120 File

Documents used along the form

The Florida F-1120 form is essential for corporations filing their corporate income or franchise tax returns in Florida. Alongside this form, several other documents may be required to ensure a complete and accurate submission. Below is a list of forms that are often used in conjunction with the F-1120.

Federal Form 1120: This is the U.S. Corporation Income Tax Return. It provides the federal taxable income of the corporation and must be attached to the Florida F-1120 form.
Florida Form F-7004: This form is used to request an extension of time to file the Florida corporate income tax return. If more time is needed, this form must be submitted before the original due date.
Schedule I: This schedule outlines additions to federal taxable income. It includes items such as interest income that is excluded from federal taxable income and other adjustments.
Schedule II: This schedule details subtractions from federal taxable income. It is used to report deductions such as net operating losses and other allowable subtractions.
Schedule III: This schedule is used to apportion adjusted federal income for corporations doing business outside Florida. It calculates the apportionment fraction based on property, payroll, and sales.
Schedule V: This schedule lists credits against the corporate income/franchise tax. It includes various tax credits that may reduce the overall tax liability.
Schedule R: This schedule is for reporting nonbusiness income allocated to Florida. It helps determine income that is not derived from business operations but is still taxable in Florida.
Form F-1156Z: This form is used for claiming the enterprise zone jobs credit. It must be attached if the corporation is eligible for this credit.

Each of these forms and schedules plays a crucial role in the tax filing process. Ensuring all necessary documents are submitted will help facilitate a smoother review and processing by the Florida Department of Revenue.

Similar forms

The Florida F-1120 form, which is used for corporate income and franchise tax returns, shares similarities with the federal Form 1120. Both forms require corporations to report their income, deductions, and tax liabilities. They follow a similar structure, asking for information such as gross income, deductions, and tax credits. Just like the F-1120, the federal Form 1120 also requires a declaration under penalties of perjury, emphasizing the importance of accuracy in reporting. The federal form serves as the baseline for corporate taxation, while the Florida form adjusts for state-specific regulations and tax rates.

Another document that resembles the Florida F-1120 is the California Form 100. Like the F-1120, this form is used for corporate income tax reporting at the state level. Both forms require corporations to calculate their net income and apply the appropriate tax rates. They also include sections for reporting various credits and deductions specific to each state. The California Form 100, however, incorporates unique state tax laws and rates, reflecting the differences in corporate taxation between Florida and California.

The New York State Form CT-3 is another document similar to the Florida F-1120. This form is used by corporations operating in New York to report their income and calculate their franchise tax. Both forms require detailed financial information, including income, deductions, and tax credits. They also necessitate the inclusion of a federal return copy as part of the submission. While the CT-3 follows a structure similar to the F-1120, it incorporates New York-specific tax regulations and credits, highlighting the variations in state tax systems.

The Texas Franchise Tax Report is comparable to the Florida F-1120 in that it serves as a state-level tax return for corporations. Both forms require businesses to report their revenue and calculate their tax obligations based on state laws. The Texas report includes sections for deductions and credits, similar to those found in the F-1120. However, the Texas Franchise Tax Report operates under a different tax structure, as Texas does not impose a traditional corporate income tax but rather a franchise tax based on revenue.

The Massachusetts Form 355 is another document that shares similarities with the Florida F-1120. This form is used by corporations in Massachusetts to report their income and calculate their corporate excise tax. Both forms require detailed financial reporting and include sections for various deductions and credits. While the overall purpose is similar, the Massachusetts Form 355 incorporates specific state tax regulations and rates, reflecting the unique tax environment of Massachusetts.

The Illinois Form 1120 is also akin to the Florida F-1120, as both are used for corporate income tax reporting. Each form requires corporations to provide information about their income, deductions, and tax credits. The Illinois form includes specific sections for adjustments to federal taxable income, mirroring the adjustments required in the Florida F-1120. However, the Illinois tax system has its own rules and rates, which differ from those in Florida.

Another similar document is the Pennsylvania Corporate Tax Report (RCT-101). Like the Florida F-1120, this report is used for corporate income tax purposes at the state level. Both forms require corporations to detail their financial activities, including income and deductions. The Pennsylvania form also includes sections for tax credits, similar to those on the F-1120. However, Pennsylvania has its own tax structure and rates, which must be navigated by corporations operating in that state.

The Ohio Commercial Activity Tax (CAT) return is comparable to the Florida F-1120 in that it serves as a state-level tax return for businesses. Both forms require the reporting of revenue, although the CAT focuses on gross receipts rather than net income. Each form includes sections for claiming deductions and credits, but the Ohio CAT operates under a unique tax framework that is distinct from Florida's corporate income tax system.

The Georgia Corporate Income Tax Return (Form 600) also resembles the Florida F-1120. This form is used by corporations in Georgia to report their income and calculate their state tax obligations. Both forms require detailed financial disclosures, including income and deductions. The Georgia form includes sections for tax credits similar to those on the Florida form. However, Georgia's tax rates and regulations differ from those in Florida, necessitating careful compliance with state-specific requirements.

Lastly, the Michigan Corporate Income Tax (CIT) return is another document similar to the Florida F-1120. This return is used by corporations operating in Michigan to report their income and calculate their tax liability. Both forms require a comprehensive breakdown of income and deductions, along with sections for credits. The Michigan CIT operates under a different tax structure, focusing on gross receipts rather than traditional income, which sets it apart from Florida's corporate income tax system.

Obtain Answers on Florida F 1120

What is the Florida F 1120 form?
The Florida F 1120 form is the Corporate Income/Franchise Tax Return that corporations operating in Florida must file. It is used to report income, calculate taxes owed, and claim any applicable credits. This form ensures compliance with Florida tax laws.
Who needs to file the F 1120?
Any corporation that is doing business in Florida and is subject to corporate income tax must file the F 1120. This includes both domestic and foreign corporations that have income derived from Florida sources.
When is the F 1120 due?
The F 1120 is typically due on the first day of the fourth month following the end of the corporation's tax year. For corporations operating on a calendar year, this means the due date is April 1st. If you file for an extension, be sure to check the specific due date for your situation.
What information do I need to complete the F 1120?
To complete the F 1120, you'll need your Federal Employer Identification Number (FEIN), federal taxable income, details about state income taxes deducted, and information regarding any additions or subtractions to federal taxable income. Additionally, you'll need to provide supporting documents, such as a copy of your federal return.
Can I claim credits on the F 1120?
Yes, the F 1120 allows you to claim various credits against your corporate income tax. These may include credits for research and development, enterprise zone jobs, and more. Be sure to attach any required documentation to support your claims.
What happens if I don’t file the F 1120?
If you fail to file the F 1120, your corporation may face penalties, including fines and interest on any unpaid taxes. Additionally, not filing can lead to a loss of good standing with the state, which could impact your ability to conduct business in Florida.
Is there a penalty for late filing?
Yes, there is a penalty for late filing of the F 1120. The penalty amount can vary, but it typically involves a percentage of the unpaid tax due. To avoid penalties, it’s best to file on time or request an extension if needed.
How do I make payments for taxes owed?
Payments for taxes owed can be made by check, payable to the Florida Department of Revenue. You should mail your payment along with your F 1120 return. If you are requesting a refund, follow the specific mailing instructions provided for that situation.
What if I need to amend my F 1120?
If you need to amend your F 1120, you should file an amended return. This process typically involves submitting a new F 1120 form marked as amended and including any necessary explanations or documentation to support the changes.
Where can I find more information about the F 1120?
For more detailed information, you can visit the Florida Department of Revenue's website. They provide resources, instructions, and additional guidance to help you navigate the filing process.

Other PDF Forms

Radon Gas Disclosure Florida - It asks for the building's name or ID if applicable.

Florida Bureau of Vital Statistics - If the child’s name has changed, applicants are instructed to indicate the new name.

Document Preview

Florida Corporate Income/Franchise Tax Return	F-1120
	R. 01/23
	Rule 12C-1.051, F.A.C.
	Effective 01/23
Name	Page 1 of 6
Name
Address
City/State/ZIP

		Use black ink. Example A - Handwritten Example B - Typed				For calendar year 2015 or tax year							Check here if any changes have been made to
		Use black ink. Example A - Handwritten Example B - Typed											Check here if any changes have been made to
					0123456789								name or address
0 1 2 3 4 5 6 7 8 9					0123456789	beginning _________________, 2015
						ending ________________________
						ending ________________________
						Year end date _ _________________						DOR use					/			/
						Year end date _ _________________						DOR use
	Federal		Employer Identification Number (FEIN)										only

				Computation of Florida Net Income Tax										US Dollars
				Computation of Florida Net Income Tax										US Dollars
	1.	Federal taxable income (see instructions).																			.
	1.	Federal taxable income (see instructions).					Check here				,				,			,
		Attach pages 1–6 of federal return						1.			,				,			,

						if negative
2.		State income taxes deducted in computing federal taxable income Check here																			.

								2.			,				,			,
		(attach schedule)					if negative				,				,			,
		(attach schedule)					if negative
																					.

3.		Additions to federal taxable income (from Schedule I)					Check here	3.			,				,			,
3.		Additions to federal taxable income (from Schedule I)					if negative	3.
																					.

4.		Total of Lines 1, 2, and 3					Check here	4.			,				,			,
4.		Total of Lines 1, 2, and 3				if negative		4.
																					.

											,				,			,
		FloridaF-1120														,			.
5.		Subtractions from federal taxable income (from Schedule II)					Check here	5.
5.		Subtractions from federal taxable income (from Schedule II)					if negative	5.
6.		Adjusted federal income (Line 4 minus Line 5)					Check here	6.			,				,			,			.
6.		Adjusted federal income (Line 4 minus Line 5)				if negative		6.
																					.

7.		Florida portion of adjusted federal income (see instructions)					Check here			7.					,			,
7.										7.


8.		Nonbusiness income allocated to Florida (from Schedule R)					Check here			8.					,			,			.
							Check here

9.			exemption							9.


																					.

10.		Florida net income (Line 7 plus Line 8 minus Line 9)							10.						,			,
10.		Florida net income (Line 7 plus Line 8 minus Line 9)							10.
																					.

11.		Tax due: 5.5% of Line 10							11.						,			,
11.		Tax due: 5.5% of Line 10							11.
																					.
12.		Credits against the tax (from Schedule V)							12.						,			,			.
12.		Credits against the tax (from Schedule V)							12.
																					.
13.		Total corporate income/franchise tax due (Line 11 minus Line 12)							13.						,			,			.
13.									13.

Cents


Payment Coupon for Florida Corporate Income Tax Return		Do not detach coupon.	F-1120
	To ensure proper credit to your account, enclose your check with tax return when mailing.		R. 01/23
			R. 01/23

ENDINGYEAR M M D D Y Y

Enter name and address, if not pre-addressed:

Name

Address

City/St

ZIP

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.

	US DOLLARS	,	CENTS
Total amount due	,	,	.
Total amount due
from Line 17	,	,	.
Total credit	,	,	.
Total credit
from Line 18	,	,	.
Total refund	,	,	.
Total refund
from Line 19
FEIN
F-1120
Enter EIN if not pre-addressed

9100 0 20229999 0002005037 5 3999999999 0000 2

F-1120

R.01/23 Page 2 of 6


14.	a) Penalty: F-2220___________________	b) Other____________________
	c) Interest: F-2220 __________________	d) Other____________________ Line 14 Total u 14.
15.	Total of Lines 13 and 14				15.

16.	Payment credits: Estimated tax payments		16a	$

	Tentative tax payment		16b	$	16

17.	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.
18.	Credit: Enter amount of overpayment credited to next year’s estimated tax
	here				18.
19.	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

Title

Signature of officer (must be an original signature)

Date

Preparer’s

Preparer

Preparer’s

Paid

check if self-

PTIN

signature

Date

employed

preparers

only

Firm’s name (or yours

FEIN

if self-employed)

and address

ZIP

All Taxpayers Must Answer Questions A Through L Below — See Instructions

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.

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 q1120 q1120S or __________________

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:

üMake your check payable to the Florida Department of Revenue.

üWrite your FEIN on your check.

üSign your check and return.

Attach a copy of your federal return.

Attach a copy of your Florida Form F-7004 (extension of time) if applicable.

F-1120

R. 01/23

Page 3 of 6

NAME	FEIN	TAXABLE YEAR ENDING

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.	Enterprise zone jobs credit (Florida Form F-1156Z)	7.

8.	Ad valorem taxes allowable as an enterprise zone property tax credit (Florida Form F-1158Z)	8.

9.	Guaranty association assessment(s) credit	9.

10.	Rural and/or urban high-crime area job tax credits	10.

11.	State housing tax credit	11.

12.	Florida tax credit scholarship program credit (credit for contributions to nonprofit scholarship-funding organizations)	12.

13.	New worlds reading initiative credit	13.

14.	Strong families tax credit (credit for contributions to eligible charitable organizations)	14.

15.	New markets tax credit	15.

16.	Entertainment industry tax credit	16.

17.	Research and development tax credit	17.

18.	Energy economic zone tax credit	18.

19.	s.168(k), IRC, special bonus depreciation	19.

20.	Depreciation of qualified improvement property (see instructions)	20.

21.	Expenses for business meals provided by a restaurant (see instructions)	21.

22.	Film, television, and live theatrical production expenses (see instructions)	22.

23.	Internship tax credit	23.

24.	Other additions (attach schedule)	24.

25.	Total Lines 1 through 24. Enter total on this line and on Page 1, Line 3.	25.

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	$ _________________________	1.
(d) less direct and indirect expenses		Total u
and related amounts deducted		Total u
under s. 250, IRC	$ _________________________

2.Gross subpart F income less attributable expenses

	(a) Enter s. 951, IRC, subpart F income $ _______________________	2.
	(b) less direct and indirect expenses $ _______________________	Total u

Note: Taxpayers doing business outside Florida enter zero on Lines 3 through 6, and complete Schedule IV.		3.
3.	Florida net operating loss carryover deduction (see instructions)	3.
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.

F-1120

R. 01/23

Page 4 of 6

NAME

FEIN

TAXABLE YEAR ENDING

Schedule III — Apportionment of Adjusted Federal Income

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

Property (Schedule III-B below)

X 25% or ______

Payroll

X 25% or ______

Sales (Schedule III-C below)

X 50% or ______

Apportionment fraction (Sum of Lines 1, 2, and 3, Column [e]). Enter here and on Schedule IV, Line 2.

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

WITHIN FLORIDA

TOTAL EVERYWHERE

a. Beginning of year

b. End of year

c. Beginning of year

d. End 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.

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

(a)

(b)

TOTAL WITHIN FLORIDA

TOTAL EVERYWHERE

(Numerator)

(Denominator)

Sales (gross receipts)

N/A

Sales delivered or shipped to Florida purchasers

N/A

Other gross receipts (rents, royalties, interest, etc. when applicable)

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

Rounded to Six Decimal Places

Insurance companies (attach copy of Schedule T–Annual Report)

Transportation services

Schedule IV — Computation of Florida Portion of Adjusted Federal Income

Apportionable adjusted federal income from Page 1, Line 6

Florida apportionment fraction (Schedule III-A, Line 4)

Tentative apportioned adjusted federal income (multiply Line 1 by Line 2)

Net operating loss carryover apportioned to Florida (attach schedule; see instructions)

Net capital loss carryover apportioned to Florida (attach schedule; see instructions)

Excess charitable contribution carryover apportioned to Florida (attach schedule; see instructions)

Employee benefit plan contribution carryover apportioned to Florida (attach schedule; see instructions)

Total carryovers apportioned to Florida (add Lines 4 through 7)

Adjusted federal income apportioned to Florida (Line 3 less Line 8; see instructions)

F-1120

R. 01/23

Page 5 of 6

NAME				FEIN	TAXABLE YEAR ENDING

	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.		Enterprise zone jobs credit (from Florida Form F-1156Z attached)				3.

	4.		Community contribution tax credit (attach certification letter)				4.

	5.		Enterprise zone property tax credit (from Florida Form F-1158Z attached)				5.

	6.		Rural job tax credit (attach certification letter)				6.

	7.		Urban high-crime area job tax credit (attach certification letter)				7.

	8.		Hazardous waste facility tax credit				8.

	9.		Florida alternative minimum tax (AMT) credit				9.

	10.		Contaminated site rehabilitation tax credit (voluntary cleanup tax credit) (attach tax credit certificate)				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.		New markets tax credit				15.

	16.		Entertainment industry tax credit				16.

	17.		Research and development tax credit				17.

	18.		Energy economic zone tax credit				18.

	19.		Internship tax credit				19.

	20.		Other credits (attach schedule)				20.

	21.		Total credits against the tax (sum of Lines 1 through 20 not to exceed the amount on Page 1, Line 11).				21.
			Enter total credits on Page 1, Line 12				21.
			Enter total credits on Page 1, Line 12


	Schedule R — Nonbusiness Income
	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)

F-1120

R. 01/23

Page 6 of 6

NAME	FEIN	TAXABLE YEAR ENDING
Estimated Tax Worksheet For Taxable Years Beginning On or After January 1, 2023
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:

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-1156Z	Florida Enterprise Zone Jobs Credit Certificate of	Rule 12C-1.051, F.A.C.
	Eligibility for Corporate Income Tax
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

Dos and Don'ts

When filling out the Florida F 1120 form, it is important to follow specific guidelines to ensure accuracy and compliance. Below is a list of things to do and avoid during this process.

Use black ink to fill out the form. This ensures clarity and legibility.
Attach a copy of the federal return. This is mandatory for the return to be considered complete.
Double-check all entries for accuracy. Mistakes can lead to delays or penalties.
Sign the return in the designated area. An unsigned return is incomplete and may incur penalties.
Use the correct tax year when filling in the beginning and ending dates. Ensure that they align with the federal return.
Complete all required schedules that pertain to your specific situation. This includes Schedules I, II, and V.
Keep copies of the completed form and all attachments for your records.

Do not leave any fields blank. Incomplete forms may be rejected or delayed.
Avoid using pencil or any ink color other than black. This can affect the processing of the form.
Do not forget to include any necessary supporting documents. Missing documents can result in penalties.
Do not submit without verifying your Federal Employer Identification Number (FEIN). Ensure it is correct and matches the federal return.
Avoid rounding errors in financial figures. Provide exact amounts to prevent discrepancies.
Do not ignore deadlines. Submit your return on time to avoid late fees and penalties.
Do not assume that previous years' information applies. Each tax year may have different requirements and regulations.