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Florida Quarterly Concurrent Employment Report R.01/15
Extracted from PDF file 2023-florida-form-rts-71.pdf, last modified March 2021Quarterly Concurrent Employment Report R.01/15
RTS-71 R. 06/21 Quarterly Concurrent Employment Report Rule 73B-10.037, F.A.C. Effective 07/21 Reporting as a common paymaster limits the amount of wages subject to reemployment tax (formerly unemployment tax) to the first $7,000 of the combined wages for concurrent employees. This may actually increase the total number of quarterly reports to be filed. Quarterly reports still need to be filed for each corporation/limited liability company (LLC) to report any non-concurrent employees. You must complete and submit this form to the Department by the due date of the Employer’s Quarterly Report (RT-6). If you do not send this form on time you will lose common paymaster status, and each corporation/LLC will be required to file a Change to Employer’s Quarterly Report (RT-8A) within ten days. Tax is due on the taxable wages per employee, not previously reported by each corporation/LLC. If you fail to file the RT-8A and pay the additional tax on time, we will assess tax, penalty, and interest and your future tax rate will increase. Each corporation/LLC must reimburse the common paymaster for wages and payroll taxes paid on its behalf. It must also record and expense wages, and payroll tax expenses, on its own financial statements for federal income tax purposes. If a related company/LLC has not been assigned a reemployment tax account number, you must register. To register online go to floridarevenue.com/taxes/registration. RT Account Number Common Paymaster: For Quarter/Year Ending: RT Account Number / / *Total Quarterly Wages Earned for Concurrent Employees (cannot be zero) Name of Related Corporations/LLCs Gross Taxable (Attach additional sheets, if necessary.) *Concurrent wages for the quarter represent wages for services performed for that corporation/LLC and will be expensed as wages for federal income tax purposes. They will also be recorded as payable to the common paymaster. Being authorized to execute this report on behalf of the corporations/LLCs named, and under penalties of perjury, I declare that I have read the foregoing report and that the facts stated in it are true. Name of common paymaster:________________________________________________________________________________________________________________________ Authorized signature: ________________________________________________________________________________________________________________________________ Print name:________________________________________________________________ Fax this form to: 850-488-5997 Phone ( __________ )____________________________________________________ Florida Department of Revenue PO Box 6510 Tallahassee FL 32314-6510 floridarevenue.com For assistance call: 850-488-6800
Form RTS-71
More about the Florida Form RTS-71 Corporate Income Tax TY 2023
We last updated the Quarterly Concurrent Employment Report R.01/15 in February 2024, so this is the latest version of Form RTS-71, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RTS-71 directly from TaxFormFinder. You can print other Florida tax forms here.
Other Florida Corporate Income Tax Forms:
TaxFormFinder has an additional 40 Florida income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form F-1120 | Florida Corporate Income/Franchise Tax Return |
| Form RT-6 | Employer's Quarterly Report with Payment Coupon |
| Form F-1120N | Instructions for Preparing Form F-1120 |
| Form F-7004 | Tentative Income/Franchise Tax Return and Application for Extension of Time to File Return R.01/15 |
| Form DR-1 | Florida Business Tax Application |
View all 41 Florida Income Tax Forms
Form Sources:
Florida usually releases forms for the current tax year between January and April. We last updated Florida Form RTS-71 from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Florida Form RTS-71
We have a total of nine past-year versions of Form RTS-71 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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