It's my understanding that S Corps are exempt from state income tax. Does that mean I don't need to file a state tax return? I got to the end of my Turbo Tax Business and it's giving me the choice to file the state return and pay $55. Do I need to do this??
S corporations are not required to file income tax returns in Florida (F-1120 or F1120-A) unless they owe federal income tax (which generally means they were formally C corporations).
See §220.22(4), Fla. Stat. - http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0200-0299/0220/Sections/0220.22.html
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
