Form Ri 1120C PDF Details

The Form RI 1120C, Corporate Estimated Income Tax, is a document used to calculate and report an estimate of the Rhode Island income tax of a corporation. This form must be filed by the due date of the corporate income tax return, including extensions. The Form RI 1120C is used to determine if a corporation owes any additional taxes or if they are entitled to a refund. There are instructions included on how to fill out the form, which can be found on the Rhode Island Division of Taxation website. If you have any questions about how to complete this form, or need assistance filing it, please contact us today. We would be happy to help!

QuestionAnswer
Form NameForm Ri 1120C
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other names2010 1120C 2005 ri 1120c form

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RI-1120C

Initial Return

CConsolidated

Return

Final Return

Short Year Address Change

Rhode Island Business Corporation Tax Return

TO BE FILED BYC CORPORATIONS ONLY for calendar year 2010 or

2010

fiscal year beginning ___________________

- ending _________________ .

Due on or before the 15th day of the 3rd month after close of the taxable year

 

 

NAME

 

 

 

 

 

 

 

 

 

ADDRESS

 

 

 

 

CITY

STATE

ZIPCODE

 

 

FEDERALIDENTIFICATION NUMBER

 

TELEPHONE NUMBER

 

 

 

 

 

 

 

 

 

 

A. Gross Receipts

B. Depreciable Assets

C. Total Assets

D. RI Secretary of State Identification Number

NOTE: THIS RETURN WILLNOT BE CONSIDEREDCOMPLETE UNLESS ALLREQUIRED FEDERALSCHEDULES ARE ATTACHED

Schedule A - Computation of Tax

 

 

 

1.

...........................................................................Federal Taxable Income (see instructions)

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Total Deductions from page 2, Schedule B, line 2G

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Total Additions from page 2, Schedule C, line 4G

 

 

 

5.

 

Apportioned

6.

Adjusted taxable income - Line 1 less line 3 plus line 5

.......................................................

 

 

 

6.

 

Taxable Income

 

 

 

 

 

 

 

 

 

 

7.

Rhode Island Apportionment Ratio - from Schedule J, line 5

 

 

 

7.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

Apportioned Rhode Island taxable income - Multiply line 6 by line 7

...................................

 

 

8.

 

Adjustments

9.

Research and development adjustments (see instructions, attach schedule)

9.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. a. Pollution control and hazardous waste adjustment (see instructions)

10a.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Capital investment deduction

.....................................................................

 

10b.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

TOTALADJUSTMENTS - Add lines 9, 10a and 10b

 

 

 

11.

 

 

 

 

 

 

 

 

 

 

 

Tax and Credits

12.Rhode Island adjusted taxable income - line 8 minus line 11

 

 

 

12.

 

 

 

 

13.Rhode Island income tax - 9% of line 12

 

 

 

13.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.Rhode IslandCredits from page 2, Schedule D, line 14O

...........................................................

 

 

 

14.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.Tax - line 13 less line 14, but not less than Franchise Tax from Schedule H, Line 7 (Minimum $500).

15.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16.

(a.) Recapture of credits _______________ (b.) Jobs Growth Tax _______________

Total (a.)+(b.)

16.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17.Tax due - add lines 15 and 16

 

 

 

 

17.

 

 

 

 

 

 

Check if a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jobs Growth

18.Payments made on 2010 declaration of estimated tax

18.

 

 

 

 

Tax is being

 

 

 

 

 

 

 

 

 

 

 

 

reported on

19.a. Other payments

 

 

19a.

 

 

 

 

line 16b.

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Rhode Island Pass-through Withholding - Attach RI-1099PT to return

19b.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20.TOTALPAYMENTS - add lines 18, 19a and 19b

 

 

 

20.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Due

21.Net tax due - Line 17 less line 20

 

 

 

 

21.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22.

(a) Interest

 

 

(b) Penalty

 

(c) Form 2220 Interest

 

22.

 

 

 

 

 

 

 

 

 

 

 

 

 

23.Total due with return - Add lines 21 and 22. (Please use RI-1120V Form)

23.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Refund

24.Overpayment - Line 20 less line 17

 

 

 

 

24.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25.Amount of overpayment to be credited to 2011

 

 

 

25.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26.Amount to be refunded - line 24 less line 25

 

 

 

26.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Under penalties of perjury, I declare that I have examined this return, including the accompanying schedules and statements, and to the best of my knowledge it is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which he has any knowledge.

Date

 

Signature of authorized officer

 

Title

 

 

 

 

 

Date

 

Signature of preparer

 

Address of preparer

MAYTHE DIVISION CONTACTYOUR PREPARER ABOUTTHIS RETURN? YES

NO

Phone number

MAILING ADDRESS: OVERPAYMENTS/REFUNDS - RI DIVISION OF TAXATION, ONE CAPITOLHILL, PROVIDENCE, RI02908-5811 PAYMENTS - RI DIVISION OF TAXATION, ONE CAPITOLHILL, PROVIDENCE, RI 02908-5814

RI-1120CName

page 2

Your Federal Identification Number

Schedule B - Deductions to Federal Taxable Income

NOTE: You must attach documents supporting your deductions.

Otherwise, the processing of your return may be delayed.

 

2. A. Net operating loss deduction (see instructions - attach schedule)

 

 

 

2A.

 

 

 

B. Special deductions

 

 

 

2B.

 

 

 

C. Exempt dividends and interest - from page 3, Schedule E, line 10

 

 

 

 

2C.

 

 

 

D. Foreign dividend gross-up (s78) US1120, Schedule C, Line 15

 

 

 

2D.

 

 

 

E. Bonus Depreciation and Section 179 expense adjustment

 

 

 

2E.

 

 

 

F. Discharge of business indebtedness claimed as income on Federal return and previously included

2F.

 

 

as RI income under American Recovery and Reinvestment Act of 2009 under RIGL44-66-1

 

 

 

 

G. TOTALDEDUCTIONS - Add lines 2A, 2B, 2C, 2D, 2E and 2F - Enter here and on page 1, Line 3

......................................

 

2G.

 

 

 

 

 

 

 

Schedule C - Additions to Federal Taxable Income

NOTE: You must attach documents supporting any additions.

Otherwise, the processing of your return may be delayed.

4.

A. Interest (see instructions)

 

 

 

 

 

 

 

4A.

 

 

 

 

B. Rhode Island corporate taxes (see instructions)

 

 

 

 

 

 

 

 

4B.

 

 

 

 

C. Bonus Depreciation and Section 179 expense adjustment

 

 

 

 

 

 

 

 

4C.

 

 

 

 

D. Add back of captive REITdividends paid deduction

 

 

 

 

 

 

 

 

4D.

 

 

 

 

E. Intangible Addback

 

 

 

 

 

 

 

 

4E.

 

 

 

 

F. Income from the discharge of business indebtedness deferred under American Recovery and

 

4F.

 

 

 

 

Reinvestment Act of 2009 under RIGL44-66-1

 

 

 

 

 

 

...........................................G. TOTALADDITIONS - Add lines 4A, 4B, 4C, 4D, 4E and 4F - Enter here and on page 1, Line 5

 

 

4G.

 

 

 

 

 

 

 

 

 

Schedule D - Rhode Island Credits

NOTE: You must attach documents supporting your Rhode Island

credits. Otherwise, the processing of your return may be delayed.

14.

A. RI-3468

- Investment Tax Credit - RIGL §44-31

 

 

 

 

 

 

14A.

 

 

 

 

B. RI-ZN02 - Enterprise Zone Wage Credit - RIGL§42-64.3-6

 

 

 

 

 

 

 

 

14B.

 

 

 

 

C. RI-769P - Research and Development Facilities Property Credit - RIGL§44-32-2

 

 

 

 

 

 

 

14C.

 

 

 

 

D. RI-769E - Research and Development Facilities Expense Credit - RIGL§44-32-3

 

 

 

 

 

 

 

14D.

 

 

 

 

E. RI-2441

- Adult and Child Day Care Assistance and Development Tax Credit - RIGL§44-47

 

 

 

 

 

 

 

14E.

 

 

 

 

F. RI-8201

- Motion Picture Production Company Tax Credit - RIGL§44-31.2

 

14F.

 

 

 

 

G. RI-2949

- Jobs Training Tax Credit - RIGL§42-64.6

 

14G.

 

 

 

 

H. RI-6324

- Adult Education TaxCredit - RIGL§44-46

 

 

 

 

 

 

 

14H.

 

 

 

 

I. RI-2276 - Tax Credit for Contributions to Qualified Scholarship Organization - RIGL§44-62

 

 

 

 

 

 

 

14I.

 

 

 

 

J. RI-9261

- Jobs Development Rate Reduction Credit - RIGL§42-64.5

 

 

 

 

 

 

 

14J.

 

 

 

 

K. RI-286B - Historic Preservation Investment Tax Credit - RIGL§44-33.2

 

 

 

 

 

 

 

.......................................

 

14K.

 

 

 

 

L. RI-3675

- Employment Tax Credit - RIGL§44-39.1

 

 

 

 

 

 

 

14L.

 

 

 

 

M. RI-4482

- Incentives for Innovation and Growth - RIGL§44-63

 

14M.

 

 

 

 

N. Other Credits

 

 

 

 

 

 

 

 

14N.

 

 

 

 

 

 

 

 

 

 

 

O. TOTALRHODEISLANDCREDITS - Add lines 14Athrough 14N - Enter here and on page 1, Line 14

14O.

 

 

 

 

 

 

 

 

 

 

 

Page 2

 

 

 

 

 

 

RI-1120C

Name

 

 

 

Your Federal Identification Number

 

 

 

 

page 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule E -

Exempt Dividends and Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

 

 

 

 

 

 

1.

Dividends received from shares of stock of any payer liable for RI taxes as outlined in Chapters 11, 13, & 14 - (attach Schedule)

 

 

 

 

 

 

 

2.

Amount of such dividends included in Special Deductions, Schedule B, line 2B

2.

 

 

 

 

 

 

 

3.

Balance of Exempt Dividends - Line 1 less line 2

3.

 

 

 

 

 

 

 

 

Foreign Dividends included on line 13, 14 &17Schedule C, US 1120

 

 

 

 

 

 

 

 

4.

Less than 20% owned

 

 

X 70%

4.

 

 

 

 

 

 

 

5.

More than 20% owned

 

 

X 80%

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

100% owned

 

X 100%

6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Interest on obligations of public service corporations liable for Rhode Island Gross Earnings Tax

7.

 

 

 

 

 

 

 

8.

Interest on certain obligations of the US - (Attach schedule)

8.

 

 

 

 

 

 

 

9.

Interest on obligations of USpossessions and other interest exempt under Rhode Island Law - (Attach schedule)

9.

 

 

 

 

 

 

 

10.

..................................................................................................Total -Add lines 3 through 9 - Enter here and on page 2, Schedule B, line 2C

10.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule F - Final Determination of Net Income by Federal Government

 

 

 

 

 

 

 

 

...................Has the Federal Government changed your taxable income for any prior year which has not yet been reported to The TaxAdministrator?

 

 

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If yes, complete Form RI-1120X immediately and submit to the TaxAdministrator with any remittance that may be due.

NOTE:Changes made by the Federal Government in the income of any prior year must be reported to the Tax Administrator within 60 days after a final determination.

Schedule G - General Information

Location of principal place of business in Rhode Island

Location of corporation’s books and records

 

 

 

 

 

 

 

 

List states to which you are liable for income or excise taxes for the taxable year

 

 

 

 

 

 

 

USBusiness Code Number

 

President

 

 

State and date of incorporation

 

Treasurer

 

 

 

 

 

 

 

 

 

 

 

Schedule H - Franchise Tax Calculation

 

 

 

 

 

 

 

1.

Number of Shares ofAuthorized Stock

 

 

5. Multiply Line 4 times $2.50

 

2.

Par Value per Share of Stock (No par value = $100)

 

 

 

 

 

 

 

 

6.Apportionment Ratio from Schedule J, Line 5

 

 

 

 

 

 

 

 

 

3.Authorized Capital - Multiply Line 1 times Line 2

 

 

7. Franchise Tax - Multiply Line 5 times Line 6, but

 

 

 

 

 

 

not less than $500.00

 

4.

Divide Line 3 by $10,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule I - Federal Taxable Income (US1120, page 1, line 28)

 

 

Enter amount for year that ended

2010

2009

2008

 

 

 

 

 

2007

2006

Schedule J - Apportionment

 

COLUMN A

COLUMN B

 

 

 

RI

EVERYWHERE

 

 

Average net

1.

a. Inventory

1a.

 

 

 

 

book value

 

b. Depreciable assets

1b.

 

 

 

 

 

 

c. Land

1c.

 

 

 

 

 

 

d. Rent (8 times annual net rental rate)

1d.

 

 

 

 

 

 

e. Total

1e.

 

 

 

 

 

 

f. Ratio inRhode Island, line 1e, columnAdivided by line 1e, column B

 

1f.

_._ _ _ _ _ _

Receipts

2.

a. Gross receipts - Rhode Island Sales

2a.

 

 

 

 

 

 

Gross receipts - Sales Under 44-11-14 (a) (2) (i) (B)

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Dividends

2b.

 

 

 

 

 

 

c. Interest

2c.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d. Rents

2d.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

e. Royalties

2e.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

f. Net capital gains

2f.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

g. Ordinary income

2g.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

h. Other income

2h.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

i. Income exempt from federal taxation

2i.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

j. Total

2j.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

k. Ratio in Rhode Island, Line 2j, columnAdivided by line 2j, column B

 

2k.

_._ _ _ _ _ _

 

 

 

 

 

 

Salaries

3.

..........a. Salaries and wages paid or incurred - (see instructions)

3a.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Ratio inRhode Island, line 3a, columnAdivided by line 3a, column B

 

3b.

_._ _ _ _ _ _

 

 

 

 

 

 

Ratio

4

Total of Rhode Island Ratios shown on lines 1f, 2k and 3b

 

 

 

4.

_._ _ _ _ _ _

 

5.

...........Apportionment Ratio - line 4 divided by 3 or by the number of ratios - enter here and on page 1, scheduleA, line 7

5.

_._ _ _ _ _ _