Florida LLC Taxes: The Complete Filing Guide (2025)

Florida LLC Tax Basics

Navigating your Florida LLC tax obligations doesn’t have to be complicated. We’ll walk you through the essentials of pass-through taxation, explain Florida’s specific requirements, and highlight strategies to stay compliant and organized. This guide covers everything from federal income taxes to city-specific requirements and filing deadlines.

Use the links below to jump directly to the section you need:

• Florida LLC Taxes at a Glance
• Understanding LLC Taxation Basics
• Federal Tax Obligations
• Florida State Taxes
• Local Tax Considerations
• Tax Calendar and Filing Tips
• Tax Strategies for Florida LLCs
• Forms and Resources

Florida LLC Taxes at a Glance

Tax Type	Rate	Filing Deadline	Forms Required
Federal Income Tax	10%-37% (personal brackets)	April 15, 2025	Form 1040 + Schedule C or Schedule E/K-1
Self-Employment Tax	15.3%	April 15, 2025	Schedule SE
Florida Corporate Income Tax	5.5% (flat rate)	May 1, 2025	Form F-1120
Federal Payroll Taxes (If Employees)	7.65% employer + 7.65% employee (FICA)	Quarterly (April 30, July 31, October 31, January 31)	Form 941
Florida Reemployment Tax (If Employees)	0.1%-5.4% (2.7% for new employers)	Quarterly (April 30, July 31, October 31, January 31)	Form RT-6
Federal Unemployment (FUTA	6% on first $7,000 per employee (0.6% after credits)	January 31, 2026 (annual)	Form 940
Sales & Use Tax	6%	Monthly, quarterly, semi-annually, or annually based on sales volume	Form DR-15
Local Discretionary Sales Surtax	0.5%-2.5% (varies by county)	Monthly, quarterly, semi-annually, or annually based on sales volume	Form DR-15
Annual Report	$138.75 fee	May 1, 2025	Filed online

Understanding LLC Taxation Basics

How Florida LLCs Are Taxed By Default

Your Florida LLC doesn’t pay taxes itself. Instead, profits flow through to you and your members, who report them on personal tax returns. This is called pass-through taxation.

Here’s how it works:

1. Your LLC earns income from business activities
2. The LLC itself files no tax return (unless you elect otherwise)
3. Profits “pass through” to members based on ownership percentage
4. Each member reports their share on their personal tax return
5. Members pay tax at their individual income tax rates

What this means for you: Unlike corporations, your business profits are only taxed once, which typically saves money.

Tax Classification Options

While pass-through taxation is the default, your Florida LLC can choose alternative tax treatments:

Default LLC Tax Status:

• Single-member LLC: Taxed as a sole proprietorship
• Multi-member LLC: Taxed as a partnership

Optional Tax Classifications:

• S Corporation: Can reduce self-employment taxes by paying “reasonable salaries”
• C Corporation: LLC pays corporate tax on profits, members pay personal tax on distributions (creates double taxation)

Not sure which tax classification is right for your business? Schedule a free consultation with 1-800Accountant.

Federal Tax Obligations

Income Tax

As a Florida LLC owner, you’ll report your share of business profits on your personal tax return using:

• Form 1040 + Schedule C (single-member LLCs)
• Form 1040 + Schedule E + Schedule K-1 (multi-member LLCs)

Federal income tax rates range from 10% to 37% based on your tax bracket (actual brackets will depend on inflation adjustments and any tax law changes).

Simply Put: Whatever money your business makes (after expenses) gets added to your personal tax return, just like income from a job.

Self-Employment Tax

LLC members actively involved in the business must pay self-employment tax of 15.3% (covering Social Security and Medicare) on their share of LLC profits.

Key points:

• Applies to net earnings of $400 or more
• Calculated on Schedule SE
• You can deduct 50% of the self-employment tax as an “above-the-line” deduction, which lowers your adjusted gross income

What happens if I miss this payment? The IRS charges penalties of 0.5% per month plus interest. However, first-time mistakes can often qualify for penalty abatement if you have a clean compliance history.

Employment Taxes

If your LLC has employees, you must:

• Withhold federal income tax
• Pay and withhold FICA taxes (7.65% each for employer and employee)
• Pay federal unemployment tax (FUTA)
• File quarterly employment tax returns (Form 941)
• Provide W-2 forms annually

Estimated completion time: 2-3 hours per quarter (significantly less with payroll software or professional help)

Estimated Tax Payments

Because no tax is withheld from your LLC profits, you’ll likely need to make quarterly estimated tax payments using Form 1040-ES. These payments cover both income and self-employment taxes on your share of the business income. Missing deadlines or underpaying can lead to IRS penalties, even if you pay in full later.

Working with an accountant can help ensure accurate calculations, on-time payments, and a smarter overall tax strategy.

Key deadlines:

• April 15
• June 16
• September 15
• January 15

Pro Tip: Set calendar reminders 15 days before each deadline. This gives you time to prepare without the last-minute rush that leads to mistakes.

Florida State Taxes

Florida Corporate Income Tax

Florida doesn’t impose an individual tax rate, which means if your LLC has elected for default tax structure, you will not be subject to state income tax. 

However, if your LLC has elected to be taxed as a C corp, Florida’s 5.5% corporate income tax applies. 

Filing requirements: 

• C corps:
  • Use Florida Form F-1120
  • Due May 1, 2025
• S corps:
  • Generally exempt (unless they pay federal tax on built-in gains from prior C corp assets)
  • Use Florida Form F-1120 
  • Due May 1, 2025
• Partnerships:
  • Generally exempt (unless one or more partners is a corporation)
  • Use Florida Form F-1065
  • Due April 1, 2025

Sales and Use Tax

If your Florida LLC sells physical products or certain services:

• Collect 6% sales tax on taxable sales
• Register for a sales tax license online or by mail with the Florida Department of Revenue
• File and pay collected taxes monthly, quarterly, semi-annually, or annually based on sales volume
• Use Florida Form DR-15
• Due dates vary based on filing frequency

60-Second Check: Do I Need to Collect Sales Tax?

• Do you sell physical products in Florida? → Yes, collect tax
• Do you sell digital products? → Generally not taxable
• Do you provide services? → Most services are exempt (see exceptions below)
• Do you sell online to Florida customers? → Yes, collect tax

Services subject sales tax include:

• Investigative and crime prevention services
• Interior nonresidential cleaning services 
• Nonresidential pest control services 

Products typically subject to sales tax include:

• Tangible personal property
• Prepared food
• Rentals or leases of real or personal property 

Reemployment Tax 

If you have employees in Florida, you will be responsible for reemployment tax, known as Unemployment Insurance (UI) tax in other states, for each employee.

• Register with the Florida Department of Revenue (FDOR)
• Rate is 2.7% for new employers (0.1%-5.4% afterwards) 
• Due quarterly 
• Use Florida Form RT-6

Annual Report Filing

While not a tax, your Florida LLC must file an annual report:

• Due May 1 each year
• $138.75 filing fee
• Filed with online with Florida Division of Corporations

Calendar Alert: Set a reminder for April 1 to ensure you don’t miss this easy but required filing.

Local Tax Considerations

Local Discretionary Sales Surtax 

In addition to state sales and use taxes, many Florida counties impose their own sales surtax. 

Counties with income taxes include:

• Hamilton (2%) 
• Jackson (1.5%) 
• Miami-Dade (1%) 
• Palm Beach (1%)
• Other Florida counties

Filing requirements:

• Register with FDOR during state tax registration 
• Filed alongside state sales and use tax returns using Florida Form DR-15
• Due quarterly 

Property Taxes

If your LLC owns real property in Florida:

• Rates vary by locality
• Assessed annually
• May qualify for various exemptions based on business type
• Due March 31, 2025

Tax Calendar and Filing Tips

Key Deadlines for Florida LLCs

January:

• January 15: Final estimated tax payment for previous year
• January 31: Issue W-2s/1099s to employees/contractors

• January 31: Fourth quarter federal payroll tax payment due 
• January 31: Fourth quarter Florida reemployment tax payment due 

March:

• March 31: Property tax payment due 

April:

• April 1: Corporate income tax due (partnerships) 
• April 15: Federal income and self-employment tax returns due
• April 15: First quarter estimated tax payment due 
• April 30: First quarter federal payroll tax payment due
• April 30: First quarter Florida reemployment tax payment due 

May: 

• May 1: Florida annual report due 
• May 1: Corporate income tax return due (C corps and S corps) 

June: 

• June 16: Second quarter estimated tax due 

July: 

• July 31: Second quarter federal payroll tax payment due 
• July 31: Second quarter Florida reemployment tax payment due 

September:

• September 15: Third quarter estimated tax payment due

October:

• October 31: Third quarter federal payroll tax payment due
• October 31: Third quarter Florida reemployment tax payment due 

Record-Keeping Checklist

Keep these records for at least 7 years:

• Business income records (invoices, receipts)
• Expense receipts and documentation
• Bank and credit card statements
• Asset purchase and improvement records
• Vehicle mileage logs
• Home office documentation
• Payroll records
• Previous tax returns

Tax Strategies for Florida LLCs

S Corporation Election Benefits

Converting your LLC to an S Corporation for tax purposes can save on self-employment taxes:

1. File Form 2553 with the IRS
2. Pay yourself a “reasonable salary” subject to employment taxes
3. Take remaining profits as distributions exempt from self-employment tax

Example: An LLC making $100,000 in profit pays 15.3% self-employment tax on the entire amount. As an S Corp, if $60,000 is a reasonable salary and $40,000 is taken as distributions, only the $60,000 is subject to employment taxes.

Potential Savings: In this example, you’d save about $6,120 in self-employment taxes.

Business Expense Deductions

Common deductions Florida LLC owners often overlook:

• Home office deduction
• Business mileage (70¢ per mile for 2025)
• Health insurance premiums
• Retirement plan contributions
• Professional development expenses
• Business meals (50% deductible)

Forms and Resources

Federal Tax Forms

• Schedule C: Profit or Loss From Business (sole proprietors)
• Form 1065: U.S. Return of Partnership Income
• Schedule K-1: Partner’s Share of Income, Deductions, Credits
• Form 1120-S: U.S. Income Tax Return for an S Corporation
• Form 2553: Election by a Small Business Corporation (S Corp)
• Form 8832: Entity Classification Election

Florida Tax Forms

• Form F-1120: Florida Corporate Income Tax Return (C corps/S corps) 
• Form F-1065: Florida Corporate Income Tax Return (Partnerships) 
• Form RT-6: Florida Reemployment Tax Return 
• Form DR-15: Sales and Use Tax/Local Discretionary Sales Surtax Return

Helpful Resources

• Florida Department of Revenue
• Florida Division of Corporations
• Internal Revenue Service