Florida State Tax Question for Sub-S corp

Forum|Forum|6 years ago
April 8, 2020
5 replies
42 views

I'll make this brief. We are a Sub-S corp in Florida, no revenue yet (launching in a few weeks). We neglected (my fault) to file a 2018 state tax return. We are also pending filing our 2019 Florida state tax return (using Turbo Tax and will mail it). My questions:

Is there an extended tax filing deadline for 2019 Florida State taxes similar to the Federal extension and if so, what is that deadline? If there is not, I need to file ASAP and will be late. Along with that is the question do I need to file the missing 2018 Florida state income tax return before the 2019 is filed, or can I do it all at once , recognizing the 2018 will carry penalties, etc.

Hope that makes sense.

Thanks - Bruce Haines

TurboTax Business Windows

Best answer by Anonymous_

@bchaines Florida does not levy an individual income tax so no personal income tax return is required to be filed. With respect to S corporations, a return is required only in the limited circumstance mentioned in my previous post.

Anonymous_

Level 15

Only S corporations that pay federal income tax on Line 22c of Federal Form 1120S are required to file a Florida Corporate Income Tax return (usually that would only apply if the corporation was previously a C corporation or if the corporation engaged in a tax-free reorganization with a C corporation).

See https://floridarevenue.com/taxes/taxesfees/Pages/corporate.aspx