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Form 1120-FSC Florida Hillsborough: What You Should Know
This may apply to FCS that were not required to file Form 1120 but filed it anyway because they have a U.S. taxpayer in the same year as their foreign corporation. However, Form 1120-FSC must be filed regardless of whether the taxpayer of record is in Florida (in which case filing is not required). Form 1120-FSC and Foreign Business Activity: State Specific Requirements by Aug 30, 2025 — The form must be filed by September 1 of any year (or September 1 of the succeeding year) for a taxpayer with a U.S. taxpayer. The return must include a complete list of the U.S. taxpayer(s) owned by the foreign corporation and be filed, whether an FSC was also filed, by the filing due date for the most recently completed tax year (Form 1120 is completed upon receipt) or the date that the taxpayer's tax return is due for the last year in the tax year for which the return is required. The tax due dates will be: April 1st — October 1st for the taxpayer with no U.S. taxpayer October 1st — February 29th for a U.S. taxpayer  March 31st — December 31st for a U.S. taxpayer Form 1120-FSC may be filed by the taxpayer who pays (subsumes) the liability with the U.S. taxpayer, or by the taxpayer that pays (subsumes) the liability to a foreign corporation (Form 1120A). A taxpayer with a U.S. taxpayer, or the U.S. taxpayer acting as the “subsidiary” of the foreign corporation, may not file Form 1120-FSC because it is not the taxpayer's own U.S. taxpayer. However, the U.S. taxpayer may file Form 1120A with the foreign corporation in which the taxpayer is not the U.S. taxpayer, or the U.S. taxpayer may file Form 1120A with a foreign corporation in which the U.S. taxpayer is the subsidiary. Form 1120-FSC may file by the taxpayer with no U.S. taxpayer (in which case the taxpayer is a foreign “subsidiary”) or with the U.S. taxpayer who pays the tax liability, in which case the taxpayer is the U.S. taxpayer.
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