Generally, the Florida corporate income tax return is due:
• On or before the first day of the fourth month following the close of the tax year, or • The 15th day following the due date, without extension, for the filing of the related federal return, whichever is later. Any balance of tax owed must be paid in full by the due date of the Florida return. If tax is not paid on time, penalties and interest will be assessed. The Florida Partnership Information Return (Florida Form F-1065) is due on or before the first day of the fifth month following the close of the tax year
Depending on how this boils down, either they have a month or a year to hire all the lawyers and accountants they need to file taxes which they've never had to file since the 70's.
You see how that could be a problem for ol' Disney? They don't have the resources already in place to file this year's taxes. They could ask for a year-long extension, which is what I suspect will happen. If they haven't sorted things out by April/May 2023, the Florida IRS is gonna be breathing down their necks.
Now, I know, IRS is the baddies, but do you really think sharks in the water will turn down such a bloody chunk of chum when it wafts so close to their noses?
Right in time for Tax Season.
https://floridarevenue.com/Forms_library/current/gt800017.pdf
Generally, the Florida corporate income tax return is due:
Depending on how this boils down, either they have a month or a year to hire all the lawyers and accountants they need to file taxes which they've never had to file since the 70's.
You see how that could be a problem for ol' Disney? They don't have the resources already in place to file this year's taxes. They could ask for a year-long extension, which is what I suspect will happen. If they haven't sorted things out by April/May 2023, the Florida IRS is gonna be breathing down their necks.
Now, I know, IRS is the baddies, but do you really think sharks in the water will turn down such a bloody chunk of chum when it wafts so close to their noses?