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H
harris8
March 9, 2025
Question

I do not know what to select on Form F-1120S, p1-2: Question C: Florida consolidated return? Yes or No? Initial Return or Final Return?

  • March 9, 2025
  • 1 reply
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    1 reply

    M
    MindyB
    March 9, 2025

    A Florida consolidated return will be selected if you are filing for a group of companies, owned by a parent that has nexus in Florida.  If you have one company, the answer is "no".  

     

    Initial return should be checked if this is the first time you are filing in Florida for the S-Corp.

     

    Final return should be checked if you have ceased operations in Florida and will not file a return in 2025 for the S-Corp.

     

    You should be aware that only S-Corps that pay federal income tax need to file in Florida.  See more here: Who Must File?

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