New Legislation Affects Tax Reporting on Florida Corporations
By Andrew Jackson, Esq.
February 18th, 2020
Last summer, Florida
passed new legislation requiring all Florida corporate income tax filers to
provide certain additional information online with the Florida Department of
Revenue (FDOR). The new online information disclosure relates to how certain
areas of the federal Tax Cuts and Jobs Act impact a company’s Florida income
tax. Note that the state has limited this additional online reporting to only
those companies required to file a Florida corporate income/franchise tax
returns (Form F-1120 or F-1120-A). Other entity types such as partnerships are
not affected by this legislation.
Continue Reading »