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 F 1120 R 01 19 Indd 2020

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okay for this video I wanted to go over an example as to how to complete a Florida corporate income tax return so this is the Florida f120 this is filed generally for C corporations that are either set up in Florida or they're set up outside of Florida but they are conducting business within the State of Florida so Florida doesn't have a state income tax for individuals so P the rities uh and individuals earning income generally don't owe any tax tax but if you're a corporate entity and you're set up in Florida or you're doing business in Florida you might have to file this return and pay some tax now before we go into the Florida form it's always best to start with the federal so generally when we talking about State corporate taxes we always start with the federal return first uh because a lot of these numbers flow through to the state return so obviously we cannot complete the state return without completing the Federal First s

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