The RI-1065 form is a comprehensive tax document designed for Limited Liability Companies (LLCs), Limited Liability Partnerships (LLPs), Limited Partnerships (LPs), and general partnerships operating within Rhode Island. This return, essential for reporting partnership income, is due annually by the 15th day of the 4th month following the close of the taxable or fiscal year. The 2012 iteration of the form indicates that partnerships must detail gross receipts, depreciable assets, total assets, and provide a Rhode Island Secretary of State Identification Number. Key sections include the calculation of taxable income, adjustments for federal taxable income, and specific deductions or additions unique to Rhode Island tax law. Additionally, entities are required to compute an apportionment ratio for income sourced to Rhode Island and are subject to a potential $500 annual fee, alongside other potential tax obligations. Notably, general partnerships are exempt from the annual fee but must still complete certain sections of the form. Moreover, the form mandates the attachment of all federal return schedules, emphasizing the interconnectedness of federal and state tax filings. Completing the RI-1065 accurately is pivotal for entities to comply with state tax regulations, avoid penalties, and accurately reflect their financial operations within Rhode Island.
| Question | Answer |
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| Form Name | Ri 1065 Form |
| Form Length | 3 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 45 sec |
| Other names | ri 1065 form 2019, rhode island 1065, form ri 1065, ri form 1065 |
Initial Return
Final Return
Short Year
Address Change
LLC
LLP
LP
Partnership
Rhode Island Partnership Income Return
TO BE FILED BYLLCs, LLPs, LPs and Partnerships for calendar year 2012 |
2012 |
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Due on or before the 15th day of the 4th month after close of the taxable year |
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or fiscal year beginning _________________ |
- ending _________________ . |
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NAME |
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ADDRESS |
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CITY |
STATE |
ZIPCODE |
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FEDERALEMPLOYER IDENTIFICATION NUMBER |
TELEPHONENUMBER |
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A. Gross Receipts
B. Depreciable Assets
C. Total Assets
D. RI Secretary of State Identification Number
ATTACH ACOMPLETE COPYOF ALLPAGES AND SCHEDULES OF THE FEDERALRETURN, INCLUDING
Schedule A - Computation of Tax
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1. |
Federal Taxable Income |
1. |
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3. |
Total Deductions from page 2, Schedule B, line 2E |
3. |
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5. |
Total Additions from page 2, Schedule C, line 4D |
5. |
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Apportioned |
6. |
Adjusted taxable income - Line 1 less line 3 plus line 5 |
6. |
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Taxable Income |
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7. |
Rhode Island Apportionment Ratio - from Schedule J, line 5 |
7. |
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8. |
Apportioned Rhode Island taxable income - Multiply line 6 by line 7 |
8. |
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IMPORTANT: If entity is a general partnership, STOPHERE! No annual fee is due. All others continue to line 9.
Tax and |
9. a. Rhode Island Annual Fee - $500.00 |
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9a. |
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Payments |
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b. Jobs Growth Tax |
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9b. |
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TOTALTAX - add lines 9a and 9b |
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9. |
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Check if a Jobs |
10.a. Payments made on 2012 declaration of estimated tax |
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10a. |
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Growth Tax is |
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b. Other payments |
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10b. |
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being reported on |
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line 9b. |
11. TOTALPAYMENTS - add lines 10a and 10b |
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11. |
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Balance Due |
12.Net tax due - Line 9 less line 11 |
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12. |
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13.(a) Interest |
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(b) Penalty |
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(c) Form 2220 Interest |
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13. |
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14.Total due with return - Add lines 12 and 13. (Please use Form |
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14. |
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Refund |
15.Overpayment - Line 11 less lines 9 and 13 |
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15. |
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16.Amount of overpayment to be credited to 2013 estimated tax |
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16. |
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DRAFT |
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17.Amount to be refunded - line 15 less line 16 |
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17. |
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06/11/2012 |
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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.
Signature of authorized officer |
Title |
Date |
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Signature of preparer |
Preparer’s address |
Date |
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Print preparer’s name |
SSN, PTIN or EIN |
Telephone number |
MAYTHE DIVISION CONTACTYOUR PREPARER ABOUTTHIS RETURN? YES
MAILING ADDRESS: OVERPAYMENTS/REFUNDS - RI DIVISION OF TAXATION, ONE CAPITOLHILL, PROVIDENCE,
page 2
Name
Federal employer identification number
Schedule B - Deductions to Federal Taxable Income |
NOTE: You must attach documents supporting your deductions. |
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Otherwise, the processing of your return may be delayed. |
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2.A. Exempt interest ................................................................................................................................
B.Bonus Depreciation and Section 179 expense adjustment .............................................................
C.Discharge of business indebtedness claimed as income on Federal return and previously included as RI income under American Recovery and Reinvestment Act of 2009 under
D.Modification for Tax Incentives for Employers under
2A.
2B.
2C.
2D.
E. TOTALDEDUCTIONS - Add lines 2A, 2B, 2C and 2D - Enter here and on page 1, Line 3 ....................................................
2E.
Schedule C - Additions to Federal Taxable Income |
NOTE: You must attach documents supporting any additions. |
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Otherwise, the processing of your return may be delayed. |
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4. A. Interest (see instructions) |
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4A. |
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B. Bonus Depreciation and Section 179 expense adjustment |
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4B. |
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B. |
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B. |
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C. Intangible Addback |
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4C. |
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D. TOTALADDITIONS - Add lines 4A, 4B and 4C - Enter here and on page 1, Line 5 |
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4D. |
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Schedule D - Rhode Island Credits |
NOTE: You must attach documents supporting your Rhode Island |
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06/11/2012 |
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credits. Otherwise, the processing of your return may be delayed. |
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A. |
- Investment Tax Credit - |
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A. |
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........................C. |
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C. |
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.......................D. |
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D. |
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E. |
.......- Adult and Child Day Care Assistance and Development Tax Credit - |
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E. |
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F. |
- Motion Picture Production Company Tax Credit - |
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F. |
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G. |
- Jobs Training Tax Credit - |
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G. |
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H. |
- Adult Education TaxCredit - |
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H. |
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I. |
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I. |
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J. |
- Jobs Development Rate Reduction Credit - |
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J. |
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K. |
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K. |
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L. |
- Employment Tax Credit - |
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L. |
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M. |
- Incentives for Innovation and Growth - |
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N. Other Credits _______________ |
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N. |
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O. TOTALRHODEISLANDCREDITS - Add lines Athrough N - Enter total of credits here.........................................................
O.
Schedule E - Other Deductions to Federal Taxable Income
1. Elective Deduction for New Research and Development Facilities under
1.
2. Qualifying Investment in a Certified Venture Capital Partnership under
2.
page 3
Name
Federal employer identification number
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?...................
If yes, complete Form
Yes
No
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 |
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USBusiness Code Number |
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President |
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State and date of incorporation |
Treasurer |
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Schedule I - Federal Taxable Income
20122011
Enter amount for year that ended
2010
2009
2008
Schedule J - Apportionment
COLUMN A |
COLUMN B |
RI |
EVERYWHERE |
Average net |
1. a. Inventory |
1a. |
book value |
b. Depreciable assets |
1b. |
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c. Land |
1c. |
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DRAFT |
1d. |
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d. Rent (8 times annual net rental rate) |
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e. Total |
1e. |
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f. |
Ratio inRhode Island, line 1e, columnAdivided by line 1e, column B |
1f. |
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Receipts |
2. |
a. Gross receipts - Rhode Island Sales |
2a. |
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Gross receipts - Sales Under |
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b. Dividends |
2b. |
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06/11/2012 |
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c. Interest |
2c. |
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d. Rents |
2d. |
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e. Royalties |
2e. |
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f. |
Net capital gains |
2f. |
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g. |
Ordinary income |
2g. |
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h. |
Other income |
2h. |
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i. |
Income exempt from federal taxation |
2i. |
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j. |
Total |
2j. |
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k. Ratio in Rhode Island, Line 2j, columnAdivided by line 2j, column B |
2k. |
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Salaries |
3. |
..........a. Salaries and wages paid or incurred - (see instructions) |
3a. |
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b. Ratio inRhode Island, line 3a, columnAdivided by line 3a, column B |
3b. |
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Ratio |
4 |
Total of Rhode Island Ratios shown on lines 1f, 2k and 3b |
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4. |
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5. |
Apportionment Ratio - line 4 divided by 3 or by the number of ratios used - enter here and on page 1, scheduleA, line 7... |
5. |
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THIS RETURN WILLNOT BE COMPLETE UNLESS ALLREQUIRED SCHEDULES FROM APPLICABLE US FORMS ARE ATTACHED