Florida Extends Certain Corporate Income Tax Filing, Payment Deadlines by Karen A. Lake, CPA
Posted on April 28, 2020
by
Karen Lake
The Florida Department of Revenue has responded to the COVID-19 pandemic by issuing an emergency order that postpones the due dates for several state-level corporate and franchise tax filing and payment obligations. This announcement falls lass than one month after the IRS extended the 2019 federal income tax filing and payment deadlines for individuals and businesses.
The new due dates for Florida’s 2019 corporate income/franchise tax reporting depends on when those entities close their fiscal years. The amount of tax due should be based on those businesses’ best estimates.
For Florida corporate entities with a fiscal year ending December 31, 2019:
- The May 1 corporate income tax return filing deadline is extended to Aug. 3, 2020.
- The May 1 corporate income tax payment deadline is extended to June 1, 2020. The June 1 deadline also applies to requests for an extension of time to file the return and make any tentative payment.
For entities with a fiscal year ending January 31, 2020:
- The June 1 corporate income tax return filing deadline is extended to Aug. 3, 2020.
- The June 1 corporate income tax payment due date is extended to June 1, 2020, which is the same deadline for submitting request for an extension of time to file.
For entities with a fiscal year ending February 29, 2020:
- The July 1 corporate income tax return filing deadline is extended to Aug. 3, 2020.
- The July 1 corporate e income tax payment deadline is extended to July 1, which is the same due date for submitting a request for an extension of time to file.
It is important to note that this emergency order does not change the current due dates for Florida corporate income tax estimated payments due between April 1, 2020 and July 15, 2020.
About the Author: Karen A. Lake, CPA, is a state and local tax (SALT) specialist and an associate director of Tax Services with Berkowitz Pollack Brant, where she helps individuals and businesses navigate complex federal, state and local tax laws, and credits and incentives. She can be reached at the firm’s Miami office at (305) 379-7000 or info@bpbcpa.com.
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