Florida Corp - Florida LLC

<body><table dir="ltr" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td valign="top" width="1%"> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td nowrap valign="top"><p align="right"><a href="http://www.florida-corporations.org/" target="_top">Florida Home</a><br> <a href="business-comparison.htm" target="_top">Florida Business Comparison</a><br> <a href="corporate-taxes.htm" target="_top">Florida Corporation Tax</a><br> <a href="why-florida.htm" target="_top">Why Incorporate in Florida?</a><br> <a href="florida-doityourself.htm" target="_top">Filing Yourself</a><br> <a href="florida-faq.htm" target="_top">FAQ</a><br> <a href="florida-pricing.htm" target="_top">Pricing</a></p> <p align="right"><a href="https://www.nevada.org/ran3.cfm" target="_top">Secure Online Order</a></td> </tr> <tr> <td nowrap> <p align="right"><a href="merchant-accounts/merchant-accounts.htm" target="_top">Merchant Accounts</a></p> <p align="right"> </p> <p> </p> <p><img src="images/flamingo.jpg" WIDTH="140" HEIGHT="212"></td> </tr> </table> <p> </p> <p></p> </td><td valign="top" width="24"></td><td valign="top"> <p>How Florida's corporate income tax affects you. Who Must File? Corporations that conduct business, earn or receive income in Florida, including out-of-state corporations, must file a Florida corporate income tax return. The return must be filed, even if no tax is due. Corporations located in other states that are partners in a partnership or members of a joint venture doing business in Florida must file Florida Form F-1120 (Corporate Income/Franchise and Emergency Excise Tax Return). A Florida partnership is required to file a Florida Partnership Information Return (Form F-1065) if a corporation is one of the partners. A limited liability company classified as a corporation for federal tax purposes must file a Florida corporate income tax return. Corporations with ownership in a limited liability company treated as a partnership for federal income tax purposes are subject to the Florida Income Tax Code and must file a Form F-1120. Limited liability companies that are disregarded for federal tax purposes are not required to file a separate Florida corporate income tax return. However, their income is not exempt from tax. If a limited liability company has a corporate partner, it is required to file a Florida Form F-1065. S Corporations, Tax-Exempt Organizations, and Condominium and Homeowner Associations are generally not required to file a Florida corporate income tax return once they have filed their initial year return if they do not have federal taxable income. If they have federal taxable income, however, they are then required to file a Florida corporate income tax return and pay any tax due. Tax-exempt organizations must attach a copy of their federal "determination letter" to the F-1120 for the first year they qualify as an exempt organization. </td></tr></table></body>