INSTRUCTIONS: FLORIDA CORPORATE INCOME/FRANCHISE AND EMERGENCY EXCISE TAX RETURN (Form F-1120)

Corporations doing business in Florida file their income and franchise taxes using a form F-1120. This document is found on the website of the Florida Department of Revenue.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 1: At the top right-hand corner, enter the corporation name and address.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 2: Give your federal employer identification number. If not filing on a calendar year basis, give the beginning and ending dates of your fiscal year.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 3: Give our federal taxable income on line 1. A copy of pages 1 through 5 of your federal return must attached.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 4: Enter the state income taxes deducted when computing your federal taxable income on line 2.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 5: Complete Schedule I on the third page to compute adjustments to your federal taxable income. Enter the result on line 3.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 6: Enter the sum of lines 1 through 3 on line 4.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 7: Complete Schedule II on the fourth page to compute subtractions from your federal taxable income. Enter the result on line 5.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 8: Subtract line 5 from line 4. Enter the difference on line 6.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 9: Follow the instructions to determine your Florida portion of adjusted federal income on line 7.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 10: Complete Schedule R on the sixth page to compute nonbusiness income allocated to Florida on line 8.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 11: Follow the instructions on lines 9 through 20 to compute the balance due or refund owed you by the state.

Florida Corporate Income/Franchise And Emergency Excise Tax Return F-1120 Step 12: All taxpayers must complete the coupon at the bottom of the first page and answer the additional questions at the bottom of the second page.