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Form 1065 (Schedule C) for Hollywood Florida: What You Should Know

Form 1041, Schedule C; If tax was paid with a check or money order: Form 1040 to be mailed to IRS and to a Florida corporation. Form W-2; Form W-2B to be sent to an office of the  Florida Department of Economic Opportunity. If tax was paid with cash (or cash equivalent; check, money order): Use Florida Form 1120-V, W-2 (V) Statement (Form 2555) filed electronically with Florida Department of  Development. The Florida Department of Economic Opportunity must be designated as the FED administrator. May 22, 2023 — In a Schedule C business situation, the owner receives the business income, then offsets it with the deductions, reporting the net income on Form 1040 or  Form 1040. Use the “Other” column to identify a partnership, personal business entity, or other entity that you will report. If tax was paid with a check or money order: Form 1040 to be mailed to IRS and to a Florida corporation. Form W-2; Form W-2B to be sent to an office of the  Florida Department of Economic Opportunity. If tax was paid with cash (or cash equivalent; check, money order): Use Florida Form 1120-V, W-2 (V) Statement (Form 2555) filed electronically with Florida Department of  Development. The Florida Department of Economic Opportunity must be designated as the FED administrator. May 15, 2023 — In a Schedule C business situation, the owner receives the business income, then offsets it with the deductions, reporting the net income on Form 1040 Form 1040(V) or Form 1041, Schedule C or Form 1065, Schedule C. File  Schedule C (Form 1065) or Schedule C-EZ (Form 1065EZ) in lieu of Form 1040. Use Schedule 7 to fill in item 12 if you paid for a tax preparation fee if the FED administrator has not designated it as a tax preparation fee. Form 1040 (V) or Form 1040EZ (Form 1041(V)) to be filed electronically with Florida Department of Development. The Florida Department of  Economic Opportunity must be designated as the FED administrator.

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