What is the purpose of the RTS-3 form?
The RTS-3 form, or Employer Account Change Form, is designed for businesses in Florida to report changes related to their tax accounts. These changes could involve updating the business's legal entity status, ownership details, or contact information. It's important to complete this form accurately to ensure the Florida Department of Revenue can update your records correctly.
When should I submit an RTS-3 form?
You should submit the RTS-3 form whenever there is a change in your business's legal entity, ownership, or if you need to update your contact details such as mailing address or email. Additionally, if you need to inactivate, reactivate, or cancel your tax account due to changes in business operations, this form is essential. Remember, any significant change should be reported promptly to avoid complications with tax compliance.
How do I fill out the RTS-3 form?
To fill out the RTS-3 form, start by entering your account details in Section 1. Make sure to include the account name, account number, and contact information. In Section 2, specify the tax type this change applies to, particularly if it relates to reemployment tax. For changes of address or status, complete Sections 3 and 4 as needed. Be sure to provide all requested information clearly, as this helps expedite processing your request.
What if I am changing my corporate name?
If you're changing your corporate name, the RTS-3 form includes a dedicated section for this purpose. Simply indicate your old corporate name and provide the new name along with the effective date of this change. This ensures that your tax records reflect the most current information about your business identity.
What happens if I need to inactivate or cancel my account?
If you need to inactivate or cancel your tax account, the RTS-3 form allows you to request this action. It is important to choose only one option: inactivate, reactivate, or cancel. Provide the effective date for this action carefully, as cancellations cannot be reversed once processed. If you temporarily suspend operations but plan to reopen, consider inactivating rather than canceling.
How do I submit the RTS-3 form once it is completed?
After you have completed the RTS-3 form, sign and date it at the bottom to certify that you are authorized to make these changes. You can then mail the form to the Florida Department of Revenue at the address provided or fax it to the designated number. For assistance or if you have questions about the form, you can call the department directly at 850-488-6800.