joelgilb Posted March 10, 2009 Report Share Posted March 10, 2009 Have a Florida S-Corp client with no fderal taxable income. Florida instructions indicate if no taxable income on line 223 then no taxable income on FL. BUT depreciation expense and the new (or should I say renuzit ... sic) Special 50% depreciation allowance is causing FL to include both into income and the taxing it. My understanding is that since FL doesn't tax S-corps this depr should not be taxed either, yet ATX is flowing the numbers in. Anyone from FL that knows if I am correct? Quote Link to comment Share on other sites More sharing options...
RoyDaleOne Posted March 10, 2009 Report Share Posted March 10, 2009 There is no requirement to file any Florida Corporate Return if the Corporation is an S Corporation. The only item to be filed is the Annual Report, and now that is mostly on line. Just remove the complete Florida returns tabs form the client. Quote Link to comment Share on other sites More sharing options...
joelgilb Posted March 10, 2009 Author Report Share Posted March 10, 2009 That's what I thought. Thx for the confirmation Dale Quote Link to comment Share on other sites More sharing options...
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