When Are Taxes Due in Florida?

FEDERAL

  • Federal Corporate Income Tax
    C-corporations and limited liability companies classified as corporations for federal tax purposes pay income tax using federal form 1120. An S-corporation generally is not liable for federal income tax, but must file form 1120S annually and pay tax on certain investment income and capital gains.

    Due: March 15 (if the business’s fiscal year corresponds to the calendar year)

  • Federal Employment Taxes
    (Income, Medicare and Social Security)
    Businesses with employees must withhold federal income tax, Medicare tax and Social Security tax from employees’ wages. All payments must be made electronically, using the Electronic Federal Tax Payment System (EFTPS); forms 8109 and 8109-B, Federal Tax Deposit Coupons may no longer be used. EFTPS is a free service provided by the U.S. Department of Treasury. If you do not wish to use EFTPS yourself, you can arrange for your tax professional, financial institution, payroll service or other trusted third party to make payments on your behalf. Report the tax on form 941, Employer’s Quarterly Federal Tax Return.

    Small employers with an employment tax liability of $1,000 or less for the year may be able to pay annually on Jan. 31 and file form 944, Employer’s Annual Federal Tax Return. Typically, the IRS notifies employers of their eligibility to file form 944; if you believe you are eligible, but have not received official notification, contact the IRS.
    Due: Monthly or semiweekly (in most cases)

  • Federal Unemployment Tax
    Floridians are required to report wages and pay taxes to the Federal Unemployment Compensation program if they paid $1,500 in wages within a calendar quarter or have employed one or more people for any portion of a day in 20 different weeks during the calendar year. All payments must be made electronically, using the Electronic Federal Tax Payment System (EFTPS); forms 8109 and 8109-B, Federal Tax Deposit Coupons may no longer be used. Report the tax annually on federal form 940 or 940-PR (Spanish).

    Due: Jan. 31, April 30, July 31, Oct. 31

STATE

  • Florida Corporate Income Tax
    Corporations doing business in Florida are subject to this 5.5% tax. C-corporations pay the tax on form F-1120. If your corporation owes more than $2,500 annually in Florida corporate income tax, you must make estimated tax payments on form F-1120ES on or before the last day of the fourth, sixth and ninth months of the taxable year and on the last day of the tax year. If your business has zero tax or owes less than $2,500 in tax, you may file the short form, F-1120A.

    Limited liability companies classified as corporations for federal tax purposes must file a Florida corporate income tax return. Limited liability companies that are classified as partnerships for federal tax purposes are required to file a Florida Partnership Information Return (form F-1065) if they are doing business in Florida and one or more of their owners are corporations. In addition, the corporate owner of an LLC that is classified as a partnership for Florida and federal income tax purposes must file a Florida corporate income tax return.

    S-corporations in Florida usually do not have to file a Florida corporate income tax return unless there is federal taxable income.

    Due: April 1 (if the business’s fiscal year corresponds to the calendar year)

  • Florida Reemployment Tax
    (formerly Florida Unemployment Tax)
    Floridians are required to report wages and pay taxes to the Reemployment Assistance Program if they paid $1,500 in wages within a calendar quarter, have employed one person for any portion of a day in 20 different weeks during the calendar year or are liable for federal unemployment tax.

    Taxes are paid quarterly on form UCT-6 to the Florida Department of Revenue. If all of an employer’s employees perform domestic services exclusively and the employer is eligible for an earned tax rate, the business may select an annual filing option.

    Due: Jan. 31, April 30, July 31, Oct. 31

  • Florida Sales and Use Tax
    Florida businesses must collect sales tax for many products and services. If your business will involve taxable transactions, you must register as a sales and use tax dealer using form DR-1 or at the Florida Department of Revenue’s e-file site. Businesses pay through electronic filing or, if sales and use tax is less than $20,000 per year, on form DR-15. Returns and payments are due on the first day of the next month after the tax was collected. Payments are late after the 20th of the month. Businesses that file $1,000 or less per year, however, may file quarterly. If a business files $500 or less, it may file semiannually; $100 or less may file annually.

    Due: First day of the month

  • Florida Discretionary Surtax
    Many Florida counties impose an additional discretionary surtax on transactions that are subject to the state sales and use tax. Businesses report the surtax on form DR-15 with sales and use tax.

    Due: First day of the month

  • Use Tax on Out-of-State Purchases
    When out-of-state sellers fail to collect Florida sales tax, buyers must make the payment on their own. The tax applies to items purchased out of state from Internet sites, mail order catalogs, auctions, shopping networks or toll-free shopping services. It also is imposed on items purchased during out-of-state travel when the merchandise is shipped to a location in Florida. Use form DR-15MO to make payment.

    Due: First day of the month after the quarter in which purchase was made

  • Florida Tangible Personal Property Tax
    Businesses that own tangible personal property (equipment, furniture, computers, etc.) used for commercial purposes that is not included in the assessed value of the real property must pay an annual tax. Business inventory is not taxed. The tax is paid on form DR-405 to the county property appraiser.

    Due: April 1

270 thoughts on “When Are Taxes Due in Florida?”

  1. Pingback: d8xc45m78oe35rm739
  2. Pingback: asdfsdfxcvxxasa
  3. Pingback: xwc34rwxrw34rwc34c
  4. Pingback: news
  5. Pingback: cbd products
  6. Pingback: cbd oil
  7. Pingback: cbd oil
  8. Pingback: canada pharmacy
  9. Pingback: nutravesta proven
  10. Pingback: phd thesis help
  11. Pingback: phd by thesis only
  12. Pingback: phim sex online
  13. Pingback: knife block
  14. Pingback: silencil
  15. Pingback: gw99 play online
  16. Pingback: sàn forex uy tín
  17. Pingback: in Canada
  18. Pingback: health supplements
  19. Pingback: viagra
  20. Pingback: sisteme de copiat
  21. Pingback: các sàn forex
  22. Pingback: bbdcinema.com
  23. Pingback: Appliances
  24. Pingback: shrooms canada
  25. Pingback: film izle
  26. Pingback: hd film izle
  27. Pingback: film izle
  28. Pingback: casino club
  29. Pingback: Aaron Lal
  30. Pingback: Aaron Lal
  31. Pingback: my mega888 boxing
  32. Pingback: wigs
  33. Pingback: color hair
  34. Pingback: mega888 original
  35. Pingback: Pound of Weed
  36. Pingback: Dank Vapes
  37. Pingback: buy cialis toronto
  38. Pingback: RC Truck Trails
  39. Pingback: c34r54wxw4r34c3
  40. Pingback: poker
  41. Pingback: etogkxsf
  42. Pingback: how to use kamagra
  43. Pingback: free shipping
  44. Pingback: cialis soft tablet
  45. Pingback: Quote
  46. Pingback: fonts
  47. Pingback: watch movies
  48. Pingback: birthday candle
  49. Pingback: cbd for anxiety
  50. Pingback: cbd for dogs
  51. Pingback: viagra pill
  52. Pingback: best cbd gummies
  53. Pingback: best cbd for dogs
  54. Pingback: cbd for anxiety
  55. Pingback: best cbd gummies
  56. Pingback: gene vihodsef
  57. Pingback: social equity
  58. Pingback: cbd oil for dogs
  59. Pingback: best cbd gummies
  60. Pingback: cbd dog treats
  61. Pingback: pussy888 casino
  62. Pingback: dog
  63. Pingback: soul cbd
  64. Pingback: Tiger nuts butter
  65. Pingback: JakeGeruson
  66. Pingback: 강남 안마
  67. Pingback: 강남 안마
  68. Pingback: kratom capsules
  69. Pingback: kratom tea
  70. Pingback: reparation fenetre
  71. Pingback: faberge egg
  72. Pingback: vancouver
  73. Pingback: 骗局游戏
  74. Pingback: vehicle recovery
  75. Pingback: 短いスカート
  76. Pingback: 홀덤사이트
  77. Pingback: WerdenBank.com
  78. Pingback: training in dubai
  79. Pingback: delta 8 near me
  80. Pingback: Kamagra cena
  81. Pingback: buy delta 8
  82. Pingback: Kamagra żel
  83. Pingback: para kazanma
  84. Pingback: link
  85. Pingback: Personality types
  86. Pingback: get info
  87. Pingback: read my site
  88. Pingback: click here
  89. Pingback: read my site
  90. Pingback: Like This
  91. Pingback: Click
  92. Pingback: keto rice
  93. Pingback: stop taking prozac
  94. Pingback: effexor vs lexapro
  95. Pingback: amoxicillin k clav
  96. Pingback: prednisone 477
  97. Pingback: ivermectin alcohol
  98. Pingback: cheap india cialis
  99. Pingback: zithramax headache
  100. Pingback: ivermectin pills
  101. Pingback: viagra 120 mg
  102. Pingback: furosemide 12.5
  103. Pingback: furosemide 200 mg
  104. Pingback: gabapentin 215
  105. Pingback: plaquenil 5 mg
  106. Pingback: prednisone 105mg
  107. Pingback: avana 200mg price
  108. Pingback: modafinil 100mg
  109. Pingback: order provigil
  110. Pingback: ivermectin generic
  111. Pingback: ivermectin lice
  112. Pingback: ventolin usa
  113. Pingback: azithromycin
  114. Pingback: neurontin tablets
  115. Pingback: buy quineprox
  116. Pingback: price of cialis
  117. Pingback: nolvadex us
  118. Pingback: tamoxifen pill
  119. Pingback: zanaflex gel
  120. Pingback: aralen 500 mg
  121. Pingback: moinupiravir
  122. Pingback: bahis siteleri

Comments are closed.