Florida Corporate Short Form Income Tax Return

Florida Corporate Short Form Income Tax Return Page 1 Where to Send Payments and Returns ake check payable to and send with return to: FLORIDA DEPARTENT OF REVENUE 5050 W TENNESSEE STREET TALLAHASSEE FL 32399-0135 If you are requesting a refund (Line 9b) send your return to: FLORIDA DEPARTENT OF REVENUE PO BOX 6440 TALLAHASSEE FL 32314-6440 Who ay File a Florida Corporate Short Form (Florida ) Corporations or other entities subject to Florida corporate income tax must file Florida Form F-1120 unless they qualify to file Florida Corporate Short Form Income Tax Return Form. A corporation qualifies to file Form if it meets ALL of the following criteria: It has Florida net income of $45000 or less. It conducts 100 percent of its business in Florida (does not apportion income). It does not report any additions to and/or subtractions from federal taxable income other than a net operating loss deduction and/or state income taxes if any. It has no Florida Emergency Excise Tax (EET) liability. Corporations that only have assets placed into service after January 1 1987 are not subject to Florida EET. It does not file a consolidated corporate return. Qualified subchapter S subsidiaries must file Form F-1120. It claims no tax credits other than tentative tax payments or estimated tax payments. It is not required to pay Federal Alternative inimum Tax. Who ust File a Florida Corporate Income/ Franchise Tax Return Corporate Income Tax is imposed by section 220.11 Florida Statutes. All domestic and foreign corporations (including tax-exempt organizations) doing business earning income or existing in Florida. Every bank and savings association doing business earning income or existing in Florida. All associations or entities doing business earning income or existing in Florida. Foreign (out-of-state) corporations that are partners or members in a Florida partnership or joint venture. A Florida partnership is a partnership doing business earning income or existing in Florida. Limited liability companies classified as corporations for federal tax purposes. A corporation with ownership in a Florida limited liability company treated as a partnership for federal income tax purposes is subject to the Florida Income Tax Code and must file an F-1120. A limited liability company classified as a partnership or disregarded for federal tax purposes is not required to file a Florida corporate income tax return. However if a limited liability company has a corporate partner it is required to file a Florida Partnership Information Return Florida Form F-1065. (Continued on Page 3) The is a machine-readable form. Please follow the hand print or machine print instructions. Use black ink. If typing this document type through the boxes and type all of 0 1 2 3 4 5 6 7 8 9 If hand printing this document print your numbers as shown and write one number per box. Write within the boxes. your numbers together. 0123456789 Check here if negative 1. Federal taxable income 2. Plus (+) Federal NOLD + state income tax 3. Less (-) Florida NOLD 4. Less (-) Exemption Check here if negative 5. Equals (=) Florida net income 6. Tax due: 5.5% of Line 5 7. Less (-) Payment Credits 8. Plus (+) Penalty and interest (See instructions) Check here if negative 9. Total amount due or overpayment (Complete Line 9a or 9b for overpayments) 9a CREDIT 9b REFUND U.S. DOLLARS CENTS CORP If Line 5 is zero 0 or less enter 0 on Line 6. If this amount is $2500 or greater you cannot file. Taxable Year Beginning Florida Corporate Short Form Income Tax Return ail coupon only. Keep upper portion for your records. D FEIN D Y Y DOR USE ONLY Taxable Year End D D Y Y REEBER TO COPLETE THE BACK OF THE FOR City/St/ZIP

Page 2 The following instructions apply to questions A through J below. A. If the corporation is incorporated in the State of Florida check Yes. Otherwise check No and enter the state or country of incorporation in the space provided. B. If the corporation is registered with the Florida Secretary of State check Yes and enter the document number. Otherwise check No. For information contact the Department of State Corporate Information at 850-488-9000. C. If a Florida Extension of Time (F-7004) was timely filed check Yes. D. If the corporation reported net passive income or capital gains for the current year check Yes. (If yes see instructions on Page 4) E. If the corporation is a member of a controlled group of corporations as defined in Section 1563 of the Internal Revenue Code (I.R.C.) check Yes (See instructions for Line 4 Florida Exemption on Page 4.) F. If this is an initial or first year return check the box labeled I. If this is a final return check the box labeled F. Note: If the corporation is still required to file an annual federal return do not check the F box - only check it if the corporation has ceased business/operations. G. Enter only the dollar amount of state income tax included in Line 2 (cents should be omitted). If none enter zero (0). H. The intangible tax filing option is available for corporations that file either Florida Form or Florida Form F-7004 between 01/01/2001 and 06/30/2001 and whose intangible tax liability is less than $60.00. Note: Intangible assets must be valued as of January 1st each year. Refer to Florida Intangible Personal Property Tax Return for Corporation Partnership and Fiduciary Filers Florida Form DR-601C for calculation. All corporations excluding tax-exempt organizations qualifying as exempt from federal income tax under s. 501(c)(3) I.R.C. have an intangible tax filing or notice requirement which must be made by June 30th each year. Corporations with a 12/2000 01/2001 or 02/2001 fiscal year-end filing or F-7004 between 01/01/2001 and 06/30/2001 may be able to use this notice option instead of filing Form DR-601C. Corporations with a 03/2001 04/2001 or 05/2001 fiscal year-end may use this notice option only if Form or Form F-7004 is filed on or before 06/30/2001. By checking the intangible tax notice box you indicate that the corporation: Owes less than $60.00 in intangible tax for the 2001 intangible tax year. Is not paying as agent for its stockholders and has notified shareholders of the market value of the stock or has no Florida shareholders. If the box is checked an intangible property tax return (DR-601C) is not required to be filed for 2001 with the Florida Department of Revenue. I. Enter the Principal Business Activity Code that pertains to Florida business activities. If the Principal Business Activity Code is unknown see the Codes for Principal Business Activity section of the IRS Instructions for Forms 1120 and 1120-A. J. Enter the type of federal return filed with the Internal Revenue Service. For example: 1 1 2 0 or 1 1 2 0 S or 9 9 0 Florida Corporate Income Tax Return filing dates. (Returns are generally due the 1 st day of the 4 th month following the close of the taxable year.) Taxable Year-End Return () or Extension (F-7004) Extended due date 12/00 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 4/2/01 5/1/01 6/1/01 7/2/01 8/1/01 9/4/01 10/1/01 11/1/01 12/3/01 1/2/02 2/1/02 3/1/02 10/1/01 11/1/01 12/3/01 1/2/02 2/1/02 3/1/02 4/1/02 5/1/02 6/3/02 7/1/02 8/1/02 9/3/02 Important Note: The extension of time request (Form F-7004) only extends the filing of the return not the payment of the tax due. Signature and Verification An officer of the entity who is authorized to sign for that entity must sign all returns. An original signature is required. A photocopy facsimile or stamp will not be accepted. A receiver trustee or assignee must sign any return required to be filed on behalf of any organization. Any person firm or corporation who prepares the return for compensation must also sign the return and include their federal employer identification number (FEIN) social security number (SSN) or preparer tax identification number (PTIN). The PTIN cannot be used in place of the FEIN of the tax preparation firm. Under penalties of perjury I declare that I have examined this return and to the best of my knowledge and belief it is true correct and complete. If prepared by a person other than the taxpayer the declaration is based on all information of which the preparer has any knowledge. Signature of Officer Date Phone Signature of Individual or Firm Preparing the Return Date Preparer s SSN PTIN or FEIN (Check one) Phone YES NO All taxpayers are required to answer questions A through J below. A. Incorporated in Florida? Other B. Registered with Florida Secretary of State? Document Number G. Amount of state income taxes included in Line 2. If none enter zero (0). $ C. A Florida extension of time was timely filed? H. Intangible tax notice. (See instructions above). D. Corporation reported net passive income or capital gains on the federal return for the current year? I. Principal Business Activity Code (as pertains to Florida). E. Corporation is a member of a controlled group as defined by I.R.C. section 1563? J. Type of federal return filed. F. I F ark box I if this is an initial return and/or mark box F if this is a final return (ceased business/ operations.)

Who ust File a Florida Corporate Income/ Franchise Tax Return (continued from Page 1) Homeowner and condominium associations that file federal Form 1120H must file Florida Form F-1120 or for the first year in Florida. If the association does not have federal taxable income only the information questions need to be answered. Returns for subsequent years are not required when no federal tax is due and federal Form 1120H continues to be filed. If federal Form 1120 is filed a Florida Form F-1120 or is required regardless of whether any tax may be due. Florida Form F-1120 or is also required for the first year federal Form 1120H is filed subsequent to the filing of federal Form 1120 (if there is no federal taxable income only the information questions need to be answered). Florida Form can be filed only if all of the criteria for that form are met. Political organizations that file federal Form 1120POL. S corporations must file Form F-1120 or for the first year they qualify as S corporations for federal tax purposes or the first year foreign (out-of-state) S corporations do business in Florida. If the S corporation does not have federal taxable income only the information questions need to be answered. There is no filing requirement for subsequent years as long as the federal subchapter S election continues except for tax years that an S corporation is subject to federal tax. S corporations that have federal taxable income must file Florida Form F-1120 or and are subject to Florida corporate income tax. Florida Form can be filed only if all of the criteria for that form are met. Effective January 1 1997 qualified subchapter S subsidiaries (QSSS) are not treated as separate entities from their parent corporations for purposes of Florida corporate income tax. The qualified subchapter S subsidiary is required to file an informational return (F-1120) that identifies the subsidiary the S corporation parent and the effective date of the election year. Tax-exempt organizations that are fully exempt from federal income tax and have a determination letter from the Internal Revenue Service to that effect must attach a copy of the determination letter to Florida Form F-1120 for the first year they qualify as an exempt organization or the first year they are subject to the Florida Income Tax Code. Additional returns will not be required as long as the organization continues to qualify for exemption from federal income tax. Organizations that have unrelated trade or business income must file Florida Form F-1120 or annually and are subject to Florida corporate income tax. Florida Form can be filed only if all the criteria for that form are met. General Information Page 3 When is Florida Form Due? Generally Florida Form is due on or before the first day of the fourth month following the close of the tax year or the 15th day following the due date without extension for the filing of the related federal return for the taxable year whichever is later. A return is considered timely filed if postmarked on or before the applicable due date. If the due date falls on a Saturday Sunday or federal or state holiday the return is considered timely filed if postmarked on the next business day. A return must be filed even if no tax is due. NOTE: A late-filed return will subject a corporation to penalty whether or not tax is due. Extension of Time to File To apply for an extension of time for filing Florida Form detach and complete Florida Form F-7004 Florida Tentative Income/Franchise and/or Emergency Excise Tax Return and Application for Extension of Time to File Return. A copy of the federal extension will not extend the time for filing the Florida return. Florida Form F-7004 must be filed to extend the time to file. An extension for Florida tax purposes may be granted even though no federal extension was granted if good cause for an extension is shown. Florida Form F-7004 along with payment of all the tax due (tentative tax) must be filed on or before the original due date of Florida Form. An extension of time will be void if: 1) payment is not made with the application or 2) the required payment is underpaid by the greater of $2000 or 30 percent of the tax shown on Florida Form when filed. Extensions are valid for six months. Only one extension is permitted per tax year. Payment of Tax The amount of tax due on the return must be paid by the original due date with the return or extension of time. Payment must be made in U.S. funds. If the tax is not paid on time penalties and interest apply. Taxable Year and Accounting ethods The taxable year and method of accounting is the same for Florida income tax purposes as that used for federal income tax purposes. If the taxable year or method of accounting is changed for federal income tax purposes the taxable year or method of accounting must be changed for Florida purposes. The F-7004 is a machine-readable form. Please follow the hand print or machine print instructions. Use black ink. If typing this document type through the boxes and type all of 0 1 2 3 4 5 6 7 8 9 If hand printing this document print your numbers as shown and write one number per box. Write within the boxes. your numbers together. 0123456789 ake check payable and mail to: FLORIDA DEPARTENT OF REVENUE 5050 W TENNESSEE STREET TALLAHASSEE FL 32399-0135 (Continued on Page 4) Florida Department of Revenue - Corporate Income Tax Florida Tentative Income / Franchise and/or Emergency Excise Tax Return and Application for Extension of Time to File Return F-7004 City/St/ZIP F-7004 FEIN Taxable Year End: D D Y Y Corporation FILING STATUS (ark "X" in one box only) Partnership Under penalties of perjury I declare that I have been authorized by the above-named taxpayer to make this application that to the best of my knowledge and belief the statements herein are true and correct: Sign Here: Date: Tentative Tax Due (See Reverse Side) US DOLLARS Check here if you transmitted funds electronically CENTS

Page 4 General Information (continued from Page 3) Rounding Off to Whole-Dollar Amounts Whole-dollar amounts may be entered on the return. To round off dollar amounts drop amounts less than 50 cents to the next lowest dollar and increase amounts from 50 cents to 99 cents to the next highest dollar. If this method is used on the federal return it must be used on the Florida return; otherwise the treatment is optional. Federal Employer Identification Number (FEIN) If you have not received your FEIN write Applied For in the space provided. When the number is received send a copy of the IRS notification to the Florida Department of Revenue 5050 W. Tennessee St. Tallahassee FL 32399-0100. To Amend a Return Complete Florida Form F-1120X to amend an income tax return. To obtain Form F-1120X see Information and Forms. If a federal amended return is filed or other re-determination of federal income is made (for example through an audit adjustment) and the adjustments would affect net income subject to the Florida corporate income/franchise tax or the emergency excise tax an amended Florida return must be filed. A copy of the amended federal return or other adjustments such as a Revenue Agent s Report must be attached to the amended Florida return. Who ust ake Estimated Tax Payments? If the combined amount of income tax and emergency excise tax liability for the year is expected to be more than $2500 a declaration of estimated tax for the taxable year must be made. Payments may not be annualized. If the corporation is subject to excise tax and/or the expected tax liability is more than $2500 you cannot file Form ; you must file Form F-1120. Installment one of Form F-1120ES is provided in this package. To obtain Form F-1120 and additional installment coupons see "Information and Forms" on Page 6. Line-by-Line Instructions Line 1. Federal Taxable Income Generally corporations should enter the amount shown on Line 30 Page 1 of the federal Form 1120 or the corresponding line (taxable income) of the federal income tax return filed. S corporations should enter only the amount of income (net passive income or capital gains) subject to federal income tax at the corporate level. S corporations answering no to question D on Page 2 enter 0 on Line 6. Line 2. Net Operating Loss Deduction (NOLD) and State Income Taxes Deducted in Computing Federal Taxable Income Enter the sum of: (A) Any Net Operating Loss Deduction shown on Line 29(a) of the federal Form 1120 or on the corresponding line of other federal income tax forms. (B) Any tax upon or measured by income paid or accrued as a liability to any U.S. state or the District of Columbia that is deducted from gross income in the computation of federal income for the taxable year. Taxes based upon gross receipts or revenues are excluded. If state income taxes are included in Line 2 complete question G on the reverse side of the Form. Use the following to compute your Line 2 entry: a. NOLD b. State income taxes deducted in computing federal taxable income c. Total - Add a and b then enter this amount on Line 2. Line 3. Florida Net Operating Loss Deduction (NOLD) Enter the amount (if any) of the Florida Net Operating Loss Deduction on Line 3. For Florida corporate income tax a net operating loss can never be carried back as a deduction to a prior taxable year. A net operating loss can only be carried over to subsequent taxable years and treated in the same manner to the same extent and for the same time periods prescribed in Section 172 Internal Revenue Code (I.R.C.). Line 4. Florida Exemption Section 220.14 Florida Statutes provides for an exemption of up to $5000 of net income. The amount of the exemption is the lesser of $5000 or the Florida portion of adjusted federal income. Only one $5000 exemption is allowed to the members of a controlled group of corporations as defined in Section 1563 I.R.C. If members of the controlled group file separate returns the $5000 exemption will be divided equally among all members required to file a Florida return unless all members consent to an apportionment plan for an unequal allocation of the Florida Exemption. If the taxable year is less than 12 months the $5000 exemption must be prorated. ultiply $5000 by the number of days in the short tax year divided by 366. (Continued on Page 5) When to file File this application on or before the original due date of the taxpayer's corporate income tax or partnership return. Penalties for failure to pay tax If a payment of tax is required with this application failure to make such payment will void any extension of time and subject the taxpayer to penalties and interest for failure to file a timely return(s) and pay all taxes due. There is also a penalty for failure to file when no tax is due. Signature Form F-7004 must be signed by a person authorized by the taxpayer to do so and who is either (a) an officer or partner of the taxpayer (b) a person currently enrolled to practice before the Internal Revenue Service or (c) an attorney or C.P.A. qualified to practice before the IRS under P.L. 89-332. A. Has Form 7004 or 8736 been filed with the Internal Revenue Service for the taxable year?... Yes No If the answer is "Yes" attach a copy of Form 7004 or 8736 when the F-1120 or F-1065 is filed. If the answer is "No" complete Item B. B. If applicable state in detail the reason the extension is needed: Information for Filing Form F-7004 C. Does this application also cover subsidiaries to be included in a Florida consolidated return?... Yes F-7004 No If the answer is "Yes" attach a statement with the name address and FEIN of each subsidiary to be included. D. Type of federal return filed: Contact person for questions Phone number ( ) Florida Income/Franchise Six onth Extension of Time Request Emergency Excise Tax Due 1. Tentative amount of Florida tax for the taxable year 1. 2. LESS: Estimated tax payments for the taxable year 2. 3. Balance due 100% of the tax tentatively determined due must be paid with this extension request 3. Transfer the amount in Line 3 to Tentative Tax Due on reverse side.

Line-by-Line Instructions (continued from Page 4) Line 5. Florida Net Income Subtract lines 3 and 4 from the sum of Lines 1 and 2 and enter the difference on Line 5. (Line 1 + Line 2 - Line 3 - Line 4). If this amount is negative check the box and enter zero (0) on Line 6. Line 6. Corporate Income Tax Due Enter 5.5 percent of Line 5. If Line 5 is zero (0) or less enter zero (0) on Line 6. If this amount is $2500 or greater you cannot file Form. See "Information and Forms" on Page 6 for information on obtaining Form F-1120. Line 7. Payment Credits Enter the total of the tentative tax paid with Form F-7004 (Florida Tentative Income Tax Return and Application for Extension of Time to File Return) plus estimated tax payments if any made for the taxable year or carryovers from previous years plus the amount of any corporate income tax credit correction notices issued by the Department. Line 8. Penalty and Interest If penalties or interest apply enter the amount on this line. Page 5 Penalties Late-Filed Return The penalty for a late-filed return is 10 percent per month or fraction thereof not to exceed 50 percent of the tax due with the return. If no tax is due and a return is filed late the penalty is $50 per month or fraction thereof not to exceed $300. Underpayment of Tentative Tax The penalty for underpayment of tentative tax is 12 percent per year during the extension period on the underpaid amount from the original due date of the return. Incomplete Return For an incomplete return the penalty is the greater of $300 or 10 percent of the tax finally determined to be due not to exceed $10000. An incomplete return is one that cannot be readily handled verified or reviewed. Fraudulent Return The penalty for filing a false or fraudulent return is 100 percent of the deficiency. (Continued on Page 6) ---------------------------------------------------------------------------------------------------------------------------------------------- Detach Here ----------------------------------------------------------------------------------------------------------------------------------------------- Change of or Business Complete this form sign it and mail it to the Department if: The address below is not correct The business location changes The corporation name changes ail to: FLORIDA DEPARTENT OF REVENUE 5050 W TENNESSEE ST CORP TALLAHASSEE FL 32399-0100 CHANGE IN Location ailing FEIN of Entity Business Location City State ZIP Business Telephone ( ) County In Care of ailing City State ZIP Owner s Telephone ( ) County Business DBA Corporation Signature of Officer (Required) Date Florida Department of Revenue Corporate Income Tax Declaration/Installment of Florida Estimated Income/Franchise and/or Emergency Excise Tax for Taxable Year Beginning on or After January 1 2001 F-1120ES Installment # You must write within the boxes. (example) 0 1 2 3 4 5 6 7 8 9 If typing type through the boxes. (example) 0123456789 Write your numbers as shown and enter one number per box. CORP-ES FEIN Taxable Year End D D Y Y Estimated Tax Payment (See Reverse Side) US DOLLARS CENTS City/St/ZIP ake checks payable and mail to: FLORIDA DEPARTENT OF REVENUE 5050 W TENNESSEE ST TALLAHASSEE FL 32399-0135 Check here if you transmitted funds electronically Office Use Only D D Y Y

Page 6 Line-by-Line Instructions (continued from Page 5) Interest A floating rate of interest applies to underpayments late payments and overpayments of corporate income tax and emergency excise tax. The floating interest rate is updated January 1 and July 1 of each year by using the formula established in Section 220.807 Florida Statutes. The floating interest rate applies to late estimated tax payments due on or after January 1 2000. For information on current and prior period interest rates see "For Information and Forms" below. Line 9. Total Amount Due or Overpayment Subtract amount shown on Line 7 from Line 6 add any amount shown on Line 8 and enter the result on Line 9. If Line 9 is a negative amount you have overpaid your Florida corporate income tax. To have this amount credited toward next year s tax liability place an X in box 9a. To have this amount refunded place an X in box 9b. Line 9b must be completed in order to receive a refund. If no entry is made the entire amount of overpayment will be credited to next year s estimated tax. If Line 9 is a positive amount this is the amount due. ake your check or money order payable to the Florida Department of Revenue. Payments must be made in U.S. funds. Filing Tips Do not attach a copy of the federal return supporting schedules or worksheets at this time. The Department may however request them at a later date. Use an original form whenever possible to ensure proper recording and processing of your return and payment. ake any necessary corrections on the face of the return and complete the change of address coupon. Information and forms are available on our Internet site at http://sun6.dms.state.fl.us/dor/ Need Forms? To receive forms by mail: Order multiple copies of forms from our Internet site at http://sun6.dms.state.fl.us/dor/forms/order or Fax your form request to the DOR Distribution Center at 850-922-2208 or Call the DOR Distribution Center at 850-488-8422 or ail your form request to: DISTRIBUTION CENTER FLORIDA DEPARTENT OF REVENUE 168A BLOUNTSTOWN HWY TALLAHASSEE FL 32304-3702 To receive a fax copy of a form call 850-922-3676 from your fax machine telephone. Need Assistance? To speak with a Department of Revenue representative call Taxpayer Services onday through Friday 8 a.m. to 7 p.m. ET at 1-800-352-3671 (in Florida only) or 850-488-6800. 1. Who must make estimated tax payments Every domestic or foreign corporation or other entity subject to taxation under the provisions of Chapter 220 and/or Chapter 221 Florida Statutes must make a declaration of estimated tax for the taxable year if the amount of income tax liability and the amount of emergency excise tax liability for the year is expected to be more than $2500. 2. Due Date Generally estimated tax must be paid on or before the 1st day of the 5th 7th and 10th month of the taxable year and the 1st day of the 1st month of the following taxable year; 25 percent of the estimated tax must be paid with each installment. 3. Amended Declaration To prepare an amended declaration write Amended on Florida Form F-1120ES and complete Lines 1 through 3 of the appropriate installment. An amendment may be filed during any interval between installment dates prescribed for the taxable year. Any increase in the estimated tax must be timely paid. For Information and Forms TDD Information for Filing F-1120ES For a written response to your questions write: TAX INFORATION SERVICES FLORIDA DEPARTENT OF REVENUE 1379 BLOUNTSTOWN HWY TALLAHASSEE FL 32304-2716 Hearing or speech impaired persons may call the TDD line at 1-800-367-8331 or 850-922-1115. Department of Revenue service centers host educational seminars about Florida s taxes. For a schedule of upcoming seminars Visit us online at http://sun6.dms.state.fl.us/dor/ or Call the service center nearest you. Comments and Suggestions Your help to improve this tax return and instructions is welcome. Comments and suggestions may be addressed to: COUNICATION SERVICES PROCESS FLORIDA DEPARTENT OF REVENUE 5050 W TENNESSEE ST BLDG H-2 TALLAHASSEE FL 32399-0100. F-1120ES 4. Interest and Penalties Failure to comply with the law with respect to the filing of a declaration or the payment of an estimated tax will result in the assessment of interest and penalties. Contact person for questions Phone number ( ) Estimated Tax Payment Combined Income/Franchise and Emergency Excise Tax 1. Amount of this installment 1. 2. Amount of overpayment from last year for credit to estimated tax and applied to this installment 2. 3. Amount of this payment (Line 1 minus Line 2) 3. Transfer the amount in Line 3 to Estimated Tax Payment box on front.