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RI-1120S Initial Return S Final Return Rhode Island Business Corporation Tax Return TO BE FILED BY Subchapter S or Limited Liability Companies for calendar year 2009 or fiscal year beginning - ending. IF APPLICABLE ALSO ATTACH A COPY OF THE RI-1096PT FOR PASS-THROUGH WITHHOLDING. Schedule A - Computation of Tax 1. Federal Taxable Income Federal Form 1120S line 21 or Federal Form 1065 line 22 plus any separately stated income or deduction items li.

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Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908 Due on or before the 15th day of the 3rd month following the close of the taxable year 21110399990101 Page 2 Name Federal employer identification number State of Rhode Island Division of Taxation 2021 RI-1120S Subchapter S Business Corporation ...

Rhode Island also has a flat 7.00 percent corporate income tax rate. Rhode Island has a 7.00 percent state sales tax rate and does not levy local sales taxes. Rhode Island's tax system ranks 42nd overall on our 2023 State Business Tax Climate Index.

How to Form an S Corp in Rhode Island Step 1: Choose a name. ... Step 2: Pick a registered agent. ... Step 3: Name directors or managers. ... Step 4: File RI Articles of Incorporation/Articles of Organization. ... Step 5: File Form 2553 to turn business into an S Corporation.

Rhode Island Corporate Income tax is assessed at the rate of 7% of Rhode Island taxable income.

Partnerships, disregarded entities, and S corporations pay the minimum business corporation tax of $400. Regular corporations pay $400 or more, depending on their profits.

Depending on your annual income, filing status, number of exemptions and other indicators, both Residents and Nonresidents may have a filing requirement. Every resident individual of Rhode Island who is required to file a federal income tax return must file a Rhode Island individual income tax return (RI-1040).

If you are a Rhode Island resident and you are required to file a federal return, you must also file a Rhode Island return. Even if you are not required to file a federal return, you may still have to file a Rhode Island return if your income exceeds the amount of your personal exemption.

A small business corporation having an election in effect under subchapter S of the Internal Revenue Code is required to file an annual tax return using Form RI-1120S and is subject to the income tax (minimum $400.00).

The State of Rhode Island, like almost every other state, has a corporation income tax. In Rhode Island, the corporate tax generally is a flat 7% of net income with a $400 minimum tax. Use the state's corporation income tax return (Form RI-1120C) to pay this tax.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232