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West Palm Beach Florida Form Instructions 1120-S: What You Should Know

The sole member may elect to not report his/her income with IRS Form 1120, so that he/she can report it as income on SEA Form 99-C to the Florida Commissioner of Revenue.  The IRS Form 1120 S Corporation Statement.  Revocation of the Certificate of Good Standing —  Section 1603.20 — Certificates of good standing withdrawn or revoked Section 1603.20 — Certificate of Good Standing Revoked or Amended Section 1603.31. — Revocation after expiration of one year Section 1603.33. — Revocation of certificate of good standing after termination of the S corporation Section 1603.40 — Revocation of certificate of good standing after five years Section 1603.42. — Revocation of certificate of good standing after ten years Section 1603.45 — Revocation of certificate if director resigns   Section 1603.50. — Revocation of certificate after one hundred years Section 1603.65. — Rev Certificates of Good Standing Revoked (Filing Deadline May 31, 2019) Section 1603.35.2 — Revocation at owner's request Section 1603.40.2 — Revocation for good cause Section 1603.45.1 — Revocation after five year Section 1603.50. — Revocation after one hundred NOTE: It is not illegal to have more than one S corporation. However, Florida law, as well as applicable IRS regulations, specify that only one of the foregoing entities may file as an S corporation in a given county and time period. Section 1603.20 — Certificates of good standing withdrawn or revoked Section 1603.20 — Certificate of Good Standing Revoked or Amended Section 1603.32– Revocation after expiration of one year Section 1603.37 — Revocation after one hundred years Section 1603.51 — Revocation after five years   Section 1603.

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