Question

Tax Year Prior to 2020: Florida form F-1120 S corp

Forum|Forum|6 years ago
February 13, 2020
2 replies
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Does the Florida F1120 need to be filed for this situation: Always a S corp, no income made in Florida, no entries for line 22, a to c, all ordinary income(loss), line 21, passed to shareholders.

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WillK

Employee

Yes, you need to file an F1120S to show the losses on the return. All corporations are required to file a return.

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Rick19744

Employee

Florida used to require an initial and final S corp return regardless of whether there was any entity level tax due.

@WillK is incorrect.

That is no longer the case. The only time a Florida S corporation is required to file a return is if there is federal tax due at the S corporation level. This was changed in 2002.