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otter5
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Fla Requesting F-1120 for my llc. Had no sales or income. Had costs with setting it up do I need to redo my 2020 taxes?

 
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2 Replies

Fla Requesting F-1120 for my llc. Had no sales or income. Had costs with setting it up do I need to redo my 2020 taxes?

If you have a C corporation in Florida you're required to file a federal and state return even if the corporation had no income.

Fla Requesting F-1120 for my llc. Had no sales or income. Had costs with setting it up do I need to redo my 2020 taxes?

I agree with @Critter-3.

 

Further:

 

  • A limited liability company (LLC) classified as a corporation for Florida and federal income tax purposes is subject to the Florida Income Tax Code and must file a Florida corporate income/franchise tax return.
  • An LLC classified as a partnership for Florida and federal income tax purposes must file a Florida Partnership Information Return if one or more of its owners is a corporation. In addition, the corporate owner of an LLC classified as a partnership for Florida and federal income tax purposes must file a Florida corporate income/franchise tax return.

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

 

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