F-1120: Florida Corporate Income/Franchise Tax Return for 2024 tax year (2024)
Florida · Florida DOR · Used for tax years 2024
Form F-1120 is the Florida Corporate Income/Franchise Tax Return. It reports federal taxable income, Florida income adjustments, tax credits, payments, and any tax due or overpayment.
What you'll need
Have these items ready:
- Your federal return. Line 1 requires pages 1–6. The form says your Florida return is incomplete unless a copy of the federal return is attached.
- Your FEIN and business information, including your state of incorporation, Florida Secretary of State document number, location of corporate books, and contact information.
- A copy of Florida Form F-7004, if applicable, for an extension of time to file.
- Supporting schedules, where required, for state income taxes deducted, loss and other carryovers, and other additions, subtractions, or credits.
- Credit documentation, such as assessment notices, certification letters, certificates, or credit forms required by the applicable lines in Schedule V.
- A controlled-group member list, if the corporation belongs to a controlled group.
Insurance companies must attach a copy of Schedule T of their annual report for Schedule III-D.
How to file
File electronically
You can file and pay Form F-1120 through the IRS Modernized e-File (MeF) Program using an electronic transmitter approved by both the IRS and the Florida Department of Revenue.
The Department also has an online application for corporate income tax payments and for filing Forms F-1120ES and F-7004.
File by mail
Make your check payable to Florida Department of Revenue and mail it with your return to:
Florida Department of Revenue
5050 W Tennessee Street
Tallahassee FL 32399-0135
If you request a refund on Line 19, send your return to:
Florida Department of Revenue
PO Box 6440
Tallahassee FL 32314-6440
Write your FEIN on your check. Sign the check and return, and include the required attachments.
Common mistakes
- Leaving the return incomplete. Complete the entire return and answer all questions A through L.
- Forgetting the federal return. The form says the Florida return is incomplete without a copy attached.
- Missing or improper signatures. An unsigned or improperly signed and verified return is subject to a penalty. The statute of limitations does not start until the return is properly signed and verified.
- Missing payment details. Make the check payable to the Florida Department of Revenue, write your FEIN on it, sign it, and enclose it with the mailed return.
- Detaching the payment coupon. The form says not to detach it. Use black ink when completing the paper form.
- Missing the rule for business outside Florida. These taxpayers must enter zero on Schedule II, Lines 3–6, and complete Schedule IV.
Questions people ask
Can I apply an overpayment to next year's estimated tax?
Yes. Enter the amount you want credited to next year's estimated tax on Line 18. Enter any amount you want refunded on Line 19.
Where do I report estimated and tentative tax payments?
Report estimated tax payments on Line 16a and tentative tax payments on Line 16b.
What information is needed if I am part of a federal consolidated return?
Answer yes to Question G-2 and provide the FEIN from the federal consolidated return and the corporation's name.
Where can I find the related Florida forms?
The form lists floridarevenue.com/forms as the online source for the referenced forms, including F-7004, F-1120ES, and the F-1120N instructions.