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Yes - for the first year - when you elect S-corporation tax treatment - the form F-1120 is required (you need to fill the informational portion of Form F-1120).In following years, you are required to file Florida Form F-1120 ONLY if the S Corporation has federal taxable income.
If there is no federal taxable income - filing is not required.
For specific filing requirements - see here
Who Must File?
S corporations that pay federal income tax on Line 22c of federal Form 1120S
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