Florida DOR Releases Revised Form F-1120, Corporate Income, Franchise Tax Return, With Instructions

The Florida Department of Revenue Jan. 1 released revised Form F-1120, Florida Corporate Income/Franchise Tax Return, with line-by-line and special instructions for taxable years beginning on or after Jan. 1, 2021. The form includes an estimated tax worksheet for taxable years beginning on or after Jan. 1 and Schedules I, II, III, IV, V, and R. The return is effective Jan. 1. The instructions include: 1) explanations for the new lines that are added to the form and schedules; 2) information on electronic filing of the form; 3) information on penalties, interest, estimated tax payments, and consolidated returns; 4) information ...