March 15th is the last day to file for an extension for corporate taxes. If an extension is not filed, you will incur penalties from the IRS and the state of Florida of $ 300 up to $2,400. Please contact us by March 1st. Florida State Only: May 1st Due Date– Florida Business Annual Report:…
The filing fee of the annual report to the FL Department of Revenue is $150 if filed before May 1. If filed after May 1, an additional $400 penalty. If you do not file the report at all, the State has the power to dissolve the corporation. The reinstatement fee for a closed corporation’s between $600 and $950.
If you do not file your taxes or file an extension by the due date, you will incur penalties of $200 per month per shareholder ($2,400 in penalties per shareholders) and interest.
This form is required by the IRS, for employers to provide any subcontractor that worked for you and earned over $600 during the year. In case of an audit, the IRS will be looking for filling compliance, or else the expense will be disallowed. The penalty for not filing Form 1099 is between $50 –…