Florida Florida Statutes

§ 220.22 — Returns; filing requirement

FS § 220.22Ch. 220

Statute text

(1)A return with respect to the tax imposed by this code shall be made by every taxpayer for each taxable year in which such taxpayer either is liable for tax under this code or is required to make a federal income tax return, regardless of whether such taxpayer is liable for tax under this code.

(2)Every Florida partnership having any partner subject to tax under this code, shall make an information return setting forth:(a) All items of income, gain, loss, and deduction;

(b)The names and addresses of all partners subject to tax hereunder who would be entitled to share in the net income of the partnership if distributed;

(c)The amount and proportion of the distributive share of each partner-taxpayer; and

(d)Such other pertinent information as the department may by form or regulation prescribe.

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Legislative history

s. 1, ch. 71-984; s. 3, ch. 98-100; s. 8, ch. 98-101; s. 43, ch. 2art VIII of this chapter. (c) In any case where notification of an adjustment is required under paragraph (a), then notwithstanding any other provision contained in s. 95.091(3):1. A notice of deficiency may be issued at any time within 5 years after the date such notification is given; or 2. If a taxpayer either fails to notify the department or fails to report a change or correction which is treated in the same manner as if it were a deficiency for federal income tax purposes, a notice of deficiency may be issued at any time; 3. In either case, the amount of any proposed assessment set forth in such notice shall be limited to the amount of any deficiency resulting under this code from recomputation of the taxpayer's income for the taxable year after giving effect only to the item or items reflected in the adjustment. Interest in accordance with s. 220.807 is due on the amount of any deficiency from the date fixed for filing the original return for the taxable year, determined without regard to any extension of time for filing the original return, until the date of payment of the deficiency. (d) In any case when notification of an adjustment is required by paragraph (a), a claim for refund may be filed within 2 years after the date on which such notification was due, regardless of whether such notice was given, notwithstanding any other provision contained in s. 220.727. However, the amount recoverable pursuant to such a claim shall be limited to the amount of any overpayment resulting un";This section expires July 1, 2026.”